Auto Channel Check - CV, PV Demand Healthy, Two-Wheeler Weak: Prabhudas Lilladher
Heavy vehicle traffic on the freeway at night. (Photographer: Patrick T. Fallon/Bloomberg)  

Auto Channel Check - CV, PV Demand Healthy, Two-Wheeler Weak: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Prabhudas Lilladher Report

Our interactions with leading channel partners indicate continued healthy demand in commercial vehicles led by replacement and new fleet additions.

Sharp uptick in tippers (back to normalized level), intermediate commercial vehicles and rising sales for heavy commercial vehicles (car carriers, trailers) are back at pre-Covid-19 level.

However, supply constraints impacted overall volumes in passenger vehicles/ commercial vehicles by 10-15%.

Led by new launches and sustained urban demand recovery, PV continues to command healthy waiting period of four to six weeks.

Inventory for PVs remained low at 10-15 days (versus four weeks normally) and almost nil for CVs.

Click on the attachment to read the full report:

Prabhudas Lilladher Automobiles Channel Check.pdf

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