Bajaj Auto and M&M are good investment bets, says Vivek Mavani, Vice President & Senior Portfolio Manager, Brics Securities.
Mavani told CNBC-TV18, "From an investment point of view the choices are pretty obvious between Bajaj Auto and Mahindra because while all others whether it's in the four wheeler space whether it's Maruti or Tata Motors or any others or Ashok Leyland , Eicher , Escorts most of them are vulnerable to perhaps a slowdown, I am using the word perhaps a slowdown on the demand side on the domestic economy and of course Tata Motors the bigger chunk is what happens to their JLR operations."
He further added, "At least as far as Mahindra and Bajaj is concerned, you don't have those kind of concerns and the growth story is far more sustainable, believable and the pressure points whether it is from the input side, whether it is from the demand side, whether it's the interest rate side the pressure points for these two companies are fairly low, that's number one and valuations are also not yet demanding."
