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Regional lockdowns (in nine states) and the uncertainties due to the second wave of Covid-19 has led to a slowdown in the demand momentum in April 2021.
Passenger vehicles are better off on the back of a strong order book.
Supply-chain constraints are leading to lower inventories for passenger vehicles and tractors, leaving scope to replenish inventory in coming months.
Wholesales are expected to decline month-on-month due to the impact of Covid-19.
Our interaction with leading industry channel partners reflects caution.
Two-wheeler demand has been slowing, with inventory of 30-60 days at the dealers’ end, especially since the key marriage season and mini festive season were impacted due to Covid-19.
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