# Morgan Stanley has put out a note on the Indian automobile sector, sharing a rather positive stance.

*business · news · 2026-04-17 · NDTV Profit*

## Key points

- Morgan Stanley cut target prices for several Indian auto stocks despite a positive sector outlook.
- Ashok Leyland's target price was sharply reduced from Rs 227 to Rs 180 by Morgan Stanley.
- Mahindra & Mahindra's target price was lowered to Rs 3,919 from Rs 4,358, despite being favored.
- Morgan Stanley raised target prices for TVS Motor, Hero MotoCorp, and Maruti Suzuki slightly.

**Companies:** Mahindra & Mahindra, Maruti Suzuki, TVS Motor, Hero MotoCorp, Hyundai Motor India, Eicher Motors, Bajaj Auto, Ashok Leyland
**Countries:** India

[Read the full story on NDTV Profit](https://www.ndtvprofit.com/markets/m-m-to-tvs-motor-morgan-stanleys-top-bets-in-auto-sector-see-full-list-11369478)

---

Canonical: https://newsio.io/n/d28d0e92-5e2b-4d7d-aa55-b5fa9539a4d4/morgan-stanley-has-put-out-a-note-on-the-indian-automobile-sector-sharing-a-rath
Summarized by Newsio from NDTV Profit. https://newsio.io/how-it-works