There is more money in Maruti than in Tata Motors right now: Sudip Bandyopadhyay

In a chat with ET Now, Sudip Bandyopadhyay, President of Destimoney Securities, shares his views on the auto sector. Excerpts:

ET Now: How much more upside do you think Tata Motors could have from here?

Sudip Bandyopadhyay: It is a very interesting story. Look at how they have been performing on the JLR front. Despite a lot of concerns about China and conspicuous consumption in China, JLR has been beating all estimates and that shows the inherent strength of the JLR business model and the way they are expanding.

Apart from this, if you look at the other part of the company, which is domestic operations, they have had enough problems. But there are early signs of revival there as well - whether you talk about the commercial vehicle segment or the passenger car, some new models of which are in the pipeline. We believe that things are going to become better in the domestic business and that will add to the existing excellent performance.

We believe Tata Motors will continue to perform better than what it is doing today. Somebody who has at least three-four months time horizon can definitely pick up Tata Motors even at current levels.

ET Now: What becomes your top bet in the auto sector?

Sudip Bandyopadhyay: Tata Motors is a good buy, but probably you will make more money investing in Maruti right now. This is not because of the relative performance comparison, but just based on shear valuation and the market dynamics.