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Auto pent-up demand impacted from high fuel cost
TIWN
TIWN
PHOTO : TIWN
New Delhi, July 10 (TIWN) Auto pent-up demand has been impacted from high fuel cost as well as price hikes taken by OEMs in the current unlock phase vis-a-vis last year.
"In the current unlock phase, the pent-up demand is lukewarm (unlike last year) as customer sentiment has been partially impacted by higher fuel prices - petrol prices are more than INR 100 in several states, which has resulted in high running costs and price hikes taken by the OEMs to offset rising commodity prices," said HDFC Securities.
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