Hitesh Goel, Analyst, Kotak Institutional Equities shares his view on Bajaj Auto and TVS Motor .
Goel told CNBC-TV18, "We cover Hero Motocorp and Bajaj Auto, we prefer Bajaj Auto and Hero Motocorp, we have a sell rating on Hero Motocorp largely because we expect competition to increase in the 100 CC segment for Hero Motorcop. Whereas for Bajaj we prefer it because exports growth remains very strong. On domestic valuation definitely there will be a 4-5% downward revision in FY12 but I think still FY13 you could see 10-12% growth on the two-wheeler side because the crop output has been pretty good this year."
He further added, " TVS Motor on the motorcycle front they don't have much product profile to basically challenge the Honda and Hero of the world. I think they were doing well because of scooter portfolio and their popularity within the women segment. I think that could be challenge because Honda is looking at more launches on the scooter side next year which could impact TVS Motors more in my view and on the motorcycle side also they will be the first ones to loose markets side to Honda."
