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IDBI Capital Report
In December 2020, wholesale continue to improve in passenger vehicle segment and farm equipment segment.
This demand is driven by pent-up demand in retail market, preference for personal mobility during the pandemic, attractive vehicle financing schemes and new launches.
Whereas two-wheeler wholesale was down due to higher inventory at dealer's level. We believe demand for four wheeler continues to remain robust whereas two-wheeler demand expected to be subdued.
Commercial vehicle demand expected to grow on the back of increase in road/construction activity.
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