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Prabhudas Lilladher Report
Our interactions with leading channel partners indicate sharp decline in month-on-month retails as most states were under complete lockdown for major part of month.
This was followed by original equipment manufacturers announcing production shutdown.
However, demand sentiments across sectors still remain healthy. With business activities operating followed by anticipated healthy monsoon, new model launches and preference for personal mobility, we expect urban/rural demand to recover faster.
Among segments we believe, commercial vehicle (led by healthy fleet utilization and demand from infra segment) and passenger vehicle (led by personal mobility and new launches) to recover faster.
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