Amit Kasat, Auto Analyst at Standard Chartered told CNBC-TV18, "I still prefer Maruti Suzuki and Tata Motors. In case of Maruti Suzuki, I am not looking at the stock from a volume growth perspective because the sensitivity with the volume to the earnings is much lower. I am looking at a market share gain for the company, which will be 250-300 bps in the next 12 months perspective."
"We have recently upgraded Tata Motors looking at the JLR numbers. People are talking about the margin maintaining at JLR; what we have showcased our report is that the Jaguar business which never gave a positive EBITDA, definitely this year will be a positive which will cushion the overall EBITDA for the company," he adds.
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