Hero Motors and Maruti continue to be favoured in auto space: Ajay Bodke

In a chat with ET Now, Ajay Bodke, Head-Investment Strategist & Advisory, Prabhudas Lilladher shares his view on auto sector

ET Now: What explains the weakness in Tata Motors despite what look like a good set of numbers?

Ajay Bodke: In case of IT, the continuing weakness in the commercial vehicles market although that forms a very small chunk, hardly 20% to the market but the JLR numbers have been in line with the expectations.

Tata Motors also had very good run. There, the focus continues to remain on some of the rural branch stories, companies like Hero Motors and Maruti continue to be favoured in auto space.