Bullish on Tata Motors and the two-wheeler space: Prateek Agarwal

In a chat with ET Now Prateek Agarwal, CIO, ASK Investment Manager shares his view on the auto sector. Excerpts:

ET Now: What is it that you like out of the auto basket?
Prateek Agarwal: This is a space that we have been positive on. We like the two wheeler businesses for the growth they offer and for the fact that more of the two wheelers are sold in the rural part of the country. So we believe that part of the auto sector has more visible growth.

We are positive also on auto ancillary companies, which are export oriented have pretty good quality management and we are also positive on something like, let us say, Tata Motors which has a very large off shore PEs and caters to the luxury end of the market.

So luxury is something that we are positive on. We may not hold all of these names so that decides the point but yes we are positive on lots of these names.