Mahantesh Sabarad, Deputy Head of Research at SBI Capital Securities told CNBC-TV18, "Mahindra and Mahindra (M&M) has lost out in this entire growth story that we are seeing in terms of passenger vehicles but things are coming into place, they should be having new products in a year’s time and we think that the prospects are going to be far better going ahead."
"Having said that I think the main trigger points are what they are going to do with Ssangyong, what is the turnaround likely to be. It seems to be an extended turnaround and also what are the new products going to be in the next few years and are they going to be in the passenger vehicle space at all. These are questions which have been hounding investors and it has been an underperformer," he said.
"Maruti Suzuki India is a hold, it has run up too much and too ahead of its fundamentals. In terms of valuations also it seems to be closer to its historical peak, so it is a hold for us."
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