Enter a Better Life Financial Performance
Chola Sector outlook
Enter a better life
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Vehicle Finance business (3/3)
murugappa
Sector Outlook
The Construction Equipment segment had a growth
of 29% in Q2 FY'24 and 22% in H1 FY'24. This
segment is aided by improvement in overall
macroeconomic environment.
BE
Chola's Position
Our exposure in this segment is around 7% at
portfolio level. We follow a guarded
approach to build a clean portfolio.
LIVES
The Tractor industry had a de-growth of 6% in Q2
FY'24 & 4% in H1 FY'24 due to a high base effect in
the previous year. We expect this segment to have
single digit growth this year due to uneven rainfall.
We will keep a close watch on this segment
considering the El-Nino phenomenon
affecting kharif yields and cash flows.
BE af
NATION
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