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Systematix Research Report
Our interaction with channel partners suggests that the demand momentum for passenger vehicles remains healthy, but supply chain constraints are impacting retail sales.
While semi-conductor availability has improved, the situation remains dynamic and structural improvement is expected only over the next 12 months.
Demand for two-wheelers remains subdued, given frequent price hikes by original equipment manufacturers and all-time high fuel prices. Urban demand (especially for scooters) remains weak, while rural markets are seeing some uptick in demand.
The momentum for e-two-wheelers continues to pick pace (most vehicles have a waiting period), with customers awaiting electric vehicle launches by incumbents.
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