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Prabhudas Lilladher Report
Our interactions with leading channel partners indicate pickup in enquiry levels, thereby raising our hopes for upcoming festive season.
In August month inquiries for two-wheelers/passenger vehicles showed positive momentum in festival bound states.
Commercial vehicle demand sentiments are also showing the signs of recovery with improvement in fleet utilisation rate (at 70-75% versus 55-60% in May 2021), freight availability as well as an aggressive stance of financiers leading to easier finance availability for the mid to large size fleet operators.
On tractors’ side, we are seeing seasonal slowdown for agri led demand.
However, amid improving demand sentiments original equipment manufacturers are facing the supply issues primarily due to chip shortages which is adversely impacting passenger vehicle demand.
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