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

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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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