: Automobile dealer volumes to jump 1015 per cent this fiscal: survey #finance #StockMarketNEWS Automobile dealer volumes to jump 10-15 per cent this fiscal: survey New Delhi, Sep 1 (KNN) Dealers of
Automobile dealer volumes to jump 1015 per cent this fiscal: survey #finance #StockMarketNEWS
Automobile dealer volumes to jump 10-15 per cent this fiscal: survey New Delhi, Sep 1 (KNN) Dealers of two-wheelers, passenger vehicles and commercial vehicles expect sales to increase 10-15 per cent this fiscal on a low base of last fiscal, driven by new model launches, pent-up demand, and festive season sales, said a survey by CRISIL.
On the flipside, a possible third wave, spurt in fuel prices and supply constraints of original equipment manufacturers (OEMs) are seen among factors that could slow the sector down.
"Last fiscal did see a demand uptick during the festival season, but it did not sustain. Two-wheeler dealers were the most impacted. This fiscal, too, sales across segments are yet to reach pre-pandemic levels. Also, the deal conversion cycle has doubled, with customers deferring purchase decisions. While sentiment is positive among dealers, the risk of a third wave during the upcoming festive season is a key concern," said Bhushan Parekh, Director, CRISIL.
Similar to last fiscal, regional performance is expected to show sharp variation. While most passenger and commercial vehicle dealers expect sales to improve across regions, 44 per cent of passenger vehicle dealers in the north and 40 per cent of commercial vehicle dealers in the south expect a decline. Last fiscal, 45 per cent of the commercial vehicle dealers surveyed in the north and 67 per cent in the west witnessed over 20 per cent on-year decline in sales.
Overall, two-wheeler dealers are optimistic about sales this fiscal. Dealers in the east and west expect higher sales, while 33 per cent in the north and 20 per cent in the south are not as hopeful. Last fiscal, M [و H ]Y[X[ ݝ^YY[ Hܝ[ ] ܝYݙ [ۋ^YXX[H[ [ˈ][[[ܞH][ [[ [ ]ZXو XݙH[[ Y XH[ ˈX]
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