How are Indian auto cos performing in global mkt?

12406 Investors following Bajaj Holdings. Share this News with them.

0

Like this story, share it with millions of investors on M3

How are Indian auto cos performing in global mkt?

The ENAM Auto Conference is underway in Singapore with nine companies participating in the event. Manish Chokhani of Enam Securities says that the conference is being used as a platform to showcase potential of the Indian auto companies.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Which sectors to bet on? Read ENAM's India Strategy report ENAM neutral on NTPC Neutral on Ashok Leyland: ENAM Securities ALSO READ See latest News about Bajaj Holdings See previous management interviews See what other Experts & Brokerages are saying about Bajaj Holdings Bajaj Holdings BSE | NSE 25/05/12 Are Mutual Funds betting on Bajaj Holdings? Other Stocks in this news Motherson Sumi Systems | Shriram Transport Finance Corporation | Bharat Forge | TVS Motor Company |

The ENAM Auto Conference is underway in Singapore with nine companies participating in the event. Manish Chokhani of Enam Securities says that the conference is being used as a platform to showcase potential of the Indian auto companies.

"Companies like Bharat Forge and and Motherson Sumi have market caps ahead of Delphi and Vistion in the US," he says.

Chokhani says that the conference is meant to show how these companies are globalising themselves. Now people, he says, are realising that  there are good opportunities in the auto sector as well.

Excerpts from CNBC-TV18's exclusive interview with Manish Chokhani:

Q: What companies are you showcasing and what kind of response are you seeing in Singapore?

A: We have put together companies to give people a sense of not just the local markets, but also on how these companies are globalising. Increasingly, they have been buying out companies in Europe and other parts of the world. 

Apart from the local demand, which people keep focussing on, the reality today is that companies like Bharat Forge and Motherson Sumi have market caps ahead of Delphi and Vistion in the US.

The way the market used to signal for IT companies five-six years ago, people probably are getting the sense that there are good opportunities for the auto sector as well, going ahead. So it is really from that context that we have tried to put people together.

Q: You have also got TVS Motor in that line-up? What sort of appetite has it seen and how do you like the company?

A: I will not say anything specifically on any company. But TVS Motor is illustrative of the Indian two-wheelers, which managed to get scale in India first, then they faced great competition from the Japanese majors. And now, whether it is TVS or Bajaj Auto , they have now started to unfold their flag and are going outside India; whether it is Indonesia or even Latin America and have begun addressing markets over there.

What is interesting is that we had people coming in from Japan and Korea who attended this conference to figure out what these players will do in other parts of the world, which is why it is much more interesting.

Contd on Pg 2...