Auto slowdown may not be as bad as FY20: Elara Capital

Jay Kale, Executive Vice President-Research at Elara Capital, prefers Eicher Motors, TVS Motor Company, Maruti Suzuki and Mahindra & Mahindra among auto stocks, saying companies that gain market share during a slowdown are likely to outperform. Among auto ancillary companies, his preferred picks are Gabriel India, Minda Corporation, Uno Minda and Sona BLW Precision Forgings.

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