Prefer Maruti, M&M, Tata Motors: Jigar Shah

Jigar Shah, senior VP and HOR at Kim Eng Sec India told CNBC-TV18, "I returned very positive from the auto expo this time. I think that the industry has got a decent boost from the recent excise cut also. Overall one should look at both auto as well as auto components and that industry should pickup towards the second half of FY15."

"I would stick out some of the names like Maruti Suzuki India, Mahindra and Mahindra, Tata Motors and Bajaj Auto as our favourite stock in the sector," he adds.