Prabhudas Lilladher: Passenger Vehicle Demand Robust, Early Sign Of Recovery In Heavy Commercial Vehicle
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Prabhudas Lilladher Report
Interactions with leading channel partners indicate sustenance of post festive demand in passenger vehicles (up 8-10% YoY) backed by:
New product launches,
Increasing share of first time buyers,
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.
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