Auto component firms to do well in 2014 on global recovery: Vibhav Kapoor

In a chat with ET Now, Vibhav Kapoor, Group Chief Investment Officer, IL&FS shares his views on certain sectors. Excerpts:

ET Now: Of late, auto-related themes have been playing up pretty well, tyre stocks for instance. Do they interest you?

Vibhav Kapoor: Two wheelers are still doing well. Four wheelers like Tata Motors and Maruti are still finding things difficult in the domestic market.

Auto parts companies or auto component companies have a bright future in 2014, again partly because the global economy is going to do better and a lot of them are very large players in the European market. I expect the European economy to start improving from here onwards and that should augur well for auto component companies.