Moneycontrol
Mar 22, 2012 03:12 PM IST | Source: CNBC-TV18

Check out: Kotak Inst's view on JLR, Tata Motors, M&M

In an interview to CNBC-TV18, Hitesh Goel of Kotak Institutional Equities analyses auto stock names like Tata Motors and M&M.


In an interview to CNBC-TV18, Hitesh Goel of Kotak Institutional Equities analyses auto stock names like Tata Motors and M&M. He also talks about JLR's footprint in the Chinese auto market.


Below is an edited transcript of his interview. Watch the accompanying video for more.


Q: What kind of numbers are you expecting from JLR China? Are the market fears warranted?

A: We are looking at an overall growth of 20% for JLR in FY13. This year they will do close to 308,000 to 310,000 numbers and in China we are looking at 20% to 25% growth next year. I believe in China there are some signs of a slowdown in the luxury car market in the sense that Audi, BMW and Daimler, the high end models are giving some discounts which is also a case where the property market is slowing down there because of which a higher amount of vehicles that go to the government especially in Audi

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