This 4 percent excise duty will have to be passed on to consumers as most companies do not have this kind of margin to absorb a 4 percent hike, Maruti chairman RC Bhargava says. He is not sure whether this price rise will have a demand impact, but believes it will not have a long-term impact.
Raghunandhan NL, auto analyst, Quant Broking likes Hero MotoCorp, Tata Motors and Maruti Suzuki from the auto space.