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