Auto sector pent-up demand affected by increasing fuel cost
Sat, Jul 10, 2021 4:06 PM

Auto sector pent-up demand affected by increasing fuel cost

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Auto waitlisted orders have been affected by high fuel costs as well as price hikes taken by OEMs in the current unlock phase vis-a-vis last year. Accordingly, '2W' demand has been offhanded while that of 'PVs' is more resilient, given the relatively better income profiles of car customers. This unlock phase led pent-up demand impacted as the customer sentiments are affected by the fuel prices.

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