Auto Demand Back On Track? | Hemant Sikka of M&M To ET NOW
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Seeing robust demand on the back of multiple positive triggers coming together. Rural demand is extremely strong at present. Demand, inquiries & throughput very strong this year. Strong Kharif sowing, robust monsoon, strong cash flow due to good Rabi crop could lead to solid growth in the coming months. Working at 90% plus capacity utilisation. Conversions have been very strong; deliveries much higher than billing. Govt-level spending on the rural side also helping tremendously. The industry needs to work with suppliers, supply chain ramped up fast in June. Uncertainty of lockdown is a concern. Will be great if suppliers can ramp up as much as OEMs because demand is there. The financing situation has eased significantly. The only concern right now is wrt suppliers, says Hemant Sikka, M&M. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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