Auto, Auto Ancillary Conference Takeaways - Chip Shortage Impact PV, Green Shoots Seen In CV: Dolat Capital
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Dolat Capital Report
We hosted management and experts from auto and auto ancillary ecosystem at our virtual conference. Key takeaways were as follows:
although retail demand is improving in tandem with recovery in the economy, semiconductor shortages are hampering the production of passenger vehicles and premium bikes;
green shoots can be seen in commercial vehicle segment with increasing traction in multi axle vehicle, tipper and internal combustion vehicle along with recovery in freight rate;
overall rural sentiment is positive and increase in spending power to boost up the overall consumption;
tractor demand is weak, high channel inventory and rising tractor prices are key laggards;
raw material inflation continues to impact near term margin.
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