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Systematix Research Report
We hosted a diverse set of stakeholders of the commercial vehicle industry as part of our channel check series.
Key takeaways are:
while fleet utilisation has picked up to ~70% post lockdown 2.0, medium and heavy commercial vehicle demand recovery (especially for buses and haulage trucks) is still at a nascent stage given the skepticism over sustained improvement in economic activity and the sharp increase in BS-VI vehicle prices;
overall fleet profitability is under stress owing to lower utilisation levels YoY even as per trip economics have improved;
large fleet operators are looking to sweat trucks for a longer period before re-investing while small/single fleet owners (the worst impacted) are inactive.
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