Six months back, there were concerns on the JLR volumes in China, but things turned around completely, says Amit Kasat, Standard Chartered Securities.
Amit Kasat, Auto Analyst at Standard Chartered is of the view that one can prefer Maruti Suzuki and Tata Motors. He expects Maruti to gain market share by 250-300 bps in the next 12 months.
Amit Kasat, Auto Analyst at Standard Chartered feels Mahindra and Mahindra (M&M) may remain in a range of Rs 900-1000.
Amit Kasat, Auto Analyst, Standard Chartered told CNBC-TV18 that now many companies are trying to realign the production with the retail demand in India and the best thing is that companies are not pilled up with inventories. His top picks in the sector are Maruti and Tata motors.
Amit Kasat of Standard Chartered believes the business deal is a strategic fit for the Amtek group and he is positive on the stock post its acquisition agreement.
Bajaj Auto, the second largest two-wheeler manufacturer, fell over one percent on Thursday after the research firm Deutsche Bank has downgraded the stock to hold rating with a target price of Rs 2,150.
In an interview to CNBC-TV18, Amit Kasat of Standard Chartered Securities gives his expectations from Exide and Hero Motocorp's Q3 results.
Standard Chartered Securities downgraded Tata Motors post fourth quarter due to concerns on JLR's volume growth. Kasat believes that concern still remains because market‘s expectations from JLR in terms of volume growth are high.
In an interview to CNBC-TV18, Amit Kasat, auto analyst, Standard Chartered says, Bajaj Auto and Maruti Suzuki are his top picks in the auto sector. For Bajaj Auto, he has a target price of Rs 1,800.
India's largest commercial vehicle maker is scheduled to reveal its Q4 numbers on Tuesday. In an interview with CNBC-TV18, Amit Kasat, Director, India Institutional Research, Standard Chartered Securities says, “We are expecting a consolidated profit of Rs 4,200 crore for the company.â€
Tata Motors will remain rangebound at this point in time, says Amit Kasat, Director, India Institutional Research, Standard Chartered Securities (India) Ltd.
Maruti Suzuki and Bajaj Auto are the top picks in the auto space, says Amit Kasat, Director, India Institutional Research, Standard Chartered Securities (India) Ltd.
Speaking exclusively with CNBC-TV18, auto expert Amit Kasat, director of India Institutional Research of Standard Chartered Securities says that there is “worry” in the specific segment of the passenger car industry. He analyses that the “A2 segment has shown a tremendous slow down.”