Vijay Bharadia of Wallfort PMS sees that valuations of several automobile stocks have become expensive. “But there is still a lot of growth to come because we still sell much less four-wheelers compared to many countries,” he said in an interview with Moneycontrol.
According to the Managing Parter & CIO, while electric vehicle segment surely is moving at a very slow pace as charging infrastructure is yet to gain scale, demand for auto sector in the internal combustion engine vehicles will continue for a few more years till EV infra is built or some revolution happens in battery storage systems.
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