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Kotak Institutional Equities is cautious about auto stocks as it expects a slowdown in growth for the sector. Speaking to CNBC-TV18, Sanjeev Prasad, MD and Co-Head of the firm, said that there is some negative bias toward the auto space.

"There will be a slowdown over here and on top of that there is already a disruption from multiple vehicles like two-wheelers, cost of EV versus two-wheeler,” he said.

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However, said Prasad, the cooling of commodity prices will be a tailwind for auto stocks.

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He said, “Correction in metal prices not enough for me to take a constructive view at least in two-wheelers and four-wheelers.”

For the entire interview, watch the accompanying video

Also, catch all the live updates on markets with CNBC-TV18.com's blog

First Published:Aug 30, 2022 3:12 PM IST