Vehicle Finance NBFCs - Outlook Sanguine; Recovery From H2 FY22: Systematix

Workers walk past trucks parked at a depot in Manesar, Haryana, India. (Photographer: Udit Kulshrestha/Bloomberg).

Vehicle Finance NBFCs - Outlook Sanguine; Recovery From H2 FY22: Systematix

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.

Systematix Report

Despite the multi-state lockdowns due to the second Covid wave, we expect a recovery in automotive financing.

Tractors, passenger vehicles and two-wheelers should witness a faster recovery than commercial vehicles as rural India is poised to benefit from a good Rabi harvest, expectations of a normal monsoon and the increased preference for personal mobility.

CV financing growth led by LCVs and back-ended growth in MHCVs from 2HFY22E augurs well for vehicle finance NBFCs.

Click on the attachment to read the full report:

Systematix Vehicle Finance NBFCs July 6.pdf


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