Positive on Auto, PV, Two-wheeler Sales: Expected to reduce Varun Goel to revive

Varun GoyalSenior Funding Manager, Mira Asset Investment ManagersIt is said that the auto sector is ready for growth due to financial ease and expected rate reduction, which is expected to reduce EMIS and increase sales in passenger cars and two-wheeler segments. Positive monsoon is favoring tractor companies, while premium motorcycles and SUVs are blooming due to the ongoing premium in the Indian market.

What is your vote on the whole auto pack? A lot has happened on Tuesday with the Nifty Auto toe. He is the top regional benefit. The hero is pushing the big market. Tesla entered India with a showroom in Mumbai. Where do you see Auto as a pack lead?
Varun Goel: As long as Auto toe is relevant and for that different cyclic fields, the growth of growth should be better because we have seen this financial year so far and the inflation data remains gentle, we expect a further reduction in the future. Our point of view is that EMIS is reduced to both a home loan and Auto toe loan, the auto sector should benefit. As long as the passenger car industry is concerned, we expect a resurrection in sales.

Even on the two-wheeler side, sales growth should improve as the festive season closer. Considering that the monsoon is good, we like companies in tractor space. As the story of premiums continues in the Indian vehicle market, high-final motorcycles and SUVs continue to do well. Therefore, we maintain a constructive trend at the Auto toe space going forward.

The second pocket that is doing well is a chemical pack and the rally has come out with a good set of numbers of India. What is your analysis on a chemical pack, because, in the end, many of these stocks are showing momentum but do you like any special pockets inside it?
Varun Goyal: As far as the chemical field is concerned, we have seen about three years down cycles. Post Kovid, Chinese supply returned very significantly, causing pressure on both realization and volume growth. Excessive, we will be more positive on specialty chemical names.

Companies that are in the chemical space of the battery and which are focusing on making electrolytes and other battery -related chemicals, is a special theme that is expected to be well. Chemicals related to some water treatment and purification are also a theme that looks interesting and therefore we will be positively positive on the field.