Bajaj Auto top pick in auto space

Bajaj Auto top pick in auto space, says Amit Dalal, Executive Director, Tata Investment Corporation.

Dalal told CNBC-TV18, “In auto space Bajaj Auto and Hero Honda has done exceedingly well. To a large extent we do have confidence in the consumer play continuing in India. It’s apparent also in the FMCG products so it is either of the two. I think both of them have their own strengths.”

He further added, “Bajaj Auto is right now no doubt the leader and it has got a huge export potential. I think baring any major drop in demand because of the increase in petrol which he is very worried about, Mr Bajaj I would say Bajaj still remains the favorite for the market.”