What will lead and gain the most in auto sector now? Manish Gunwani answers

economictimes.indiatimes.com:

Manish Gunwani, Head — Equities, Bandhan AMC, says “there seems to be a fairly significant shift of sourcing from China and other countries to India. The good part is that in a lot of these segments, India has a big domestic market. So the expertise gets built and a lot of the companies are part domestic part exports. So one is just not playing only the domestic capex cycle, especially for the product makers. One is also playing this optionality that in a very big global market, they may become fairly large companies.”

You have been talking about capex and infrastructure, stepping into elections. What is your narrative on the entire capex theme? And what happens post that if the government continues, which seems to be likely and the market also seems to be pricing it as of now? In that case, focus would be on private capex picking up because up until now, we have been running on government capex push.
Manish Gunwani: This is not a very broad based capex theme like during 2002-2008, both in India and globally. For example, if commodity prices are soft, you cannot expect too much of capex from the steel guys, from the upstream oil and gas guys etc. But there are segments, obviously, like energy transition and power which are doing well.

Unlock Leadership Excellence with a Range of CXO Courses

I also think that when you look