In an interview with CNBC-TV18, Amit Mishra, Auto Analyst, Macquarie Capital Securities spoke about his reading of the market and his outlook. He was speaking from the side-lines of the Macquarie India Conference.
Auto industry has gone through a lot of disruption in the last twelve months. First it was demonetisation, then BS-III to BS-IV transition and then goods and services tax (GST) transition. So investors are trying to find out how the outlook will be for the industry going ahead, he said.
“We are positive on Indian passenger vehicle space, that is one of the segments where we believe there is highest growth potential. Maruti Suzuki India as a company that is very well placed to benefit from this trend,” he added.
Maruti is doing most things better than their competitors and we believe they will continue to gain market share, said Mishra. According to him, it still looks very strong from long-term perspective.
Industry is developing as Indian auto market grows, he further mentioned.