Sudip Bandopadhyay, Market Expert is cautious on two-wheelers space.
"Numbers are definitely going to be bad and that trend will continue. We are extremely cautious on two-wheelers. Remember out of the automobile pack two-wheeler is one sector where the cash purchases were maximum and I think that is getting into a problem. If you look at commercial vehicles, if you look at the four-wheelers, there was lot of bank finance involved, so eventually November of course they will have an impact but eventually the four-wheelers and the commercial vehicles will recover faster than two-wheelers."
"Out of the entire automobile pack we have been bullish on Tata Motors. It is a great story. Almost entire profit comes from the JLR international sales. Domestic, I think commercial vehicles is showing some signs of improvement, so current level Tata Motors we are a buyer but we are cautious on rest of the automobile pack," he said.