Prefer Ashok Leyland: Dipan Mehta

Dipan Mehta, Member at BSE & NSE told CNBC-TV18, "I think there is more to go inAshok Leyland. Last 2-3 quarters have been great for it. I think the kind of segments it is present in - the medium and heavy commercial - that contributes a large part of its revenues unlike say Tata Motors, for that matter is doing extremely well.""I think that Ashok Leyland has got much more way perhaps to go ahead. These kind of growth rates as far as the commercial vehicle industry are concerned are just the beginning. The kind of drop in volumes that we have seen over the past 4-5 years, I think the industry has a long way to go back even to normalcy," he said. "If some key bills and with a mild recovery in the economy and may be GST goes through and mining industry starts picking up then I think there will be further trigger for the commercial vehicle industry which is very positive for Ashok Leyland."