Nitij Mangal

Nitij Mangal covers autos, metals and thematics at Jefferies India. He has 15 years experience covering autos and metals, including 10 years at CLSA. He comes with a global experience, having studied and worked across three continents. Nitij holds engineering degrees from India Institute of Technology Delhi and Stanford University (USA), and an MBA from INSEAD (France). He spent the initial part of his career designing cutting edge semiconductor chips at NVIDIA in the US.

Industrials | Autos & Auto Parts

What I am Known For

• High conviction recommendations with meaningful proportion of non-consensus calls.
• A focus on business cycles to catch inflexion points, and on corporate strategy to find long-term winners.
• Thematic research on semicondutors and AI implications for India

How I am Different

• Thematics reports on semiconductors, artificial intelligence (AI) and rare earth metals.
• Catching the cycle early in both directions
• Consitency in frameworks for cyclical businesses such as autos
• Positive stance on TVS, Eicher and Mahindra in the last 1 year.
• Initiated coverage on Belrise Industries in Jul-25.

Corporate & Strategic Access

• Manufacturing facility visits to Maruti, Mahindra and Hero Motocorp
• Two tours on semiconductor and AI in India
• Calls with dealer association, FADA
• Calls on rare earth magnets, OSAT, Apple supply chain in India