M Saraswathy gets in conversation with Moneycontrol's Nitin Agrawal to discuss the waning auto sector, the performance of commercial vehicle segment and much more.
Despite softening in oil price, auto majors continue to post weak set of volume numbers due to muted consumer sentiment caused by liquidity crunch, non-availability of retail finance and moderate festive season.
Commercial vehicle (CV) segment which had continued to be resilient until last month has also started showing weakness, primarily, due to liquidity and financing challenges. Tractor segment, however, witnessed strong traction in the month on the back of strong demand coming in from rural areas in festive season and good reservoir levels after monsoon.
Three-wheeler (3W) sales were mixed on the back of high base for last year and on the back to government’s decision to end permit raj and no permit regime for alternate fueled 3Ws. Two-wheeler volumes were also mixed for the players in the space.
Passenger vehicle (PV) sales continue to disappoint primarily because of higher cost of ownership, high base of last year and adverse macro factors.M Saraswathy gets in conversation with Moneycontrol's Nitin Agrawal to discuss the waning auto sector, the performance of commercial vehicle segment and much more.