Two-wheeler exports and EV adoption signal strong consumer resilience: Sachin Relekar, Axis MF

Sachin Relekar of Axis MF highlights strong resilience in auto sales, with two-wheeler exports breaking into new geographies such as South America and Latin America, supported by favorable currency tailwinds. He favors OEMs with powertrain-agnostic positioning across ICE and EVs and ancillaries diversifying into consumer electronics, defence, or aviation. Relekar remains positive on NBFCs, vehicle financiers, and large private banks, while flagging crude price resurgence and short-term AI-linked valuation risks as key concerns.