Prabhudas Lilladher: Passenger Vehicle Demand Robust, Early Sign Of Recovery In Heavy Commercial Vehicle
Traffic travels along a road in the Chembur area of Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Prabhudas Lilladher: Passenger Vehicle Demand Robust, Early Sign Of Recovery In Heavy Commercial Vehicle

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

Interactions with leading channel partners indicate sustenance of post festive demand in passenger vehicles (up 8-10% YoY) backed by:

  1. New product launches,

  2. Increasing share of first time buyers,

  3. Healthy wedding season demand in key northern states.

This has resulted in waiting period across key running models ranging between one to six weeks for Maruti Suzuki India Ltd.

We see signs of demand coming back in heavy commercial vehicles (backed by strong demand from construction, cement and heavy industries like steel) while momentum in intermediate commercial vehicles, tippers and light commercial vehicles continue.

Click on the attachment to read the full report:

Prabhudas Lilladher Automobiles Channel Check.pdf

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