Two-wheeler still best bet in auto pack: Tandon

Anand Tandon, CEO, JRG Securities is of the view that if investors have to be in the auto sector, two-wheeler space is one of the better places to be in.

Tandon told CNBC-TV18, “To some extent, the markets have already corrected in terms of stock prices as well. So I don’t think that I would worry too much. A bit of a slowdown is to be expected given the higher interest rate, but frankly, one segment of the market that is least likely to be affected, is the two wheeler-segment.”
He further added, “So I am reasonably certain that a blip like this will not last for too long. The penetration of two-wheelers is increasing in the country. It’s not the same market that it was five years ago. But I don't see a major structural problem for the next few years at least, so I would still say if you have to be in the auto sector, that’s probably one of the better places to be.”