- Demonetisation to impact CV sales in the near-term as fleet operators likely to put new vehicle purchase on hold
- Demand for trucks has fallen by 15-30%; Market load operators have hit the most owing to high reliance on cash-based transactions to meet trip expenses
- CV Financiers: Cash-based collections have dwindled significantly post demonetization
- CV Dealers: New vehicle enquiries have dried up; Customers have also put existing orders on hold
- Buses: Impact of demonetisation to be lower due to higher share of institutional client base
- Freight rates have not moved in line with recovery in diesel prices owing to low cargo availability and have risen by 7-9%
Please click below link to view the entire report:
icra-comments-demonetisation-to-impact-cv-sales-in-the-near-term-nov-22-2016
