Neeraj Deewan of Quantum Securities told CNBC-TV18, "Selectively autos can be bought, though my picks would be limited to Tata Motors and Mahindra and Mahindra (M&M). I feel those are better off as far as the current scenario is concerned."
"I am not too bullish on two wheelers like Bajaj Auto or Hero Motocorp. TVS Motor Company came out with good set of numbers and good set of sales figures. So I would also agree to extent that auto stocks can be looked at and things are at bottom. If you leave aside the Gujarat thing for Maruti Suzuki India they are going to have the new launch that is happening and that should add in last quarter of this year. But of course that overhang will be there of the Gujarat manufacturing that is happening. So I will not touch Maruti, but seeing otherwise the sales should improve in the last quarter," he added.
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