Short term gains unlikely for auto ancillary space: Sonam Udasi

In a chat with ET Now,Sonam Udasi, Head of Research, IDBI Capital , shares his views on auto ancillary space.

ET Now: What is your take on the auto ancillary space?

Sonam Udasi: In auto ancillaries it is all dependent on what the lead OEMs or auto companies are doing. We understand that on the ground the situation continues to be very very grim. Inventory continues to pile in all segments. So I suspect that the next two-three quarters cannot be good for most of the auto ancillary players.