Fortune Equity Brokers expects cars and commercial vehicles (CVs) to post better growth numbers in FY14. Mahantesh Sabarad of Fortune Equity sees passenger vehicles segment registering 11 percent growth and commercial vehicles around 13 percent in FY14.
Urmik Chhaya, Fortune Equity Shareholders, says that according to PIB release the companies have to pay a penalty of 50% of both FY10- FY11.
Going into FY13, Fortune Equity Brokers tells CNBC-TV18 that their best bet in the auto space are the 4-wheeler companies.
Mahantesh Sabarad, Sr Vice President - Institutional Equity Research, Fortune Equity Brokers in an interview to CNBC-TV18 gave reading and outlook for various stocks in the auto sector.