Enter a Better Life Financial Performance
Chola Sector outlook
Enter a better life
Sector Outlook
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Vehicle Finance business (1/3) *
The Light commercial vehicle segment had a growth
of 7% in Q2 FY'24 & 3% in H1 FY'24 with an all-time
high sales in H1 of any previous year, The segment is
expected to grow stronger in the coming months with
festive demand.
Chola's Position
murugappa
Increased demand for Light commercial vehicle will
help us garner higher market share, we will continue
our focus in this segment based on the upcoming
harvest season and rural uptake.
LIVES
The Small commercial vehicle segment had a de-
growth of 8% in Q2 FY'24 & 13% in H1 FY'24. The
growth in this segment is expected to be muted.
We will focus on this segment with a cautious
approach to financing.
BE approac
BELL
had a growth. Our exposure
The Heavy commercial vehicle segment had a growth
of 18% in Q2 FY'24 & 10% in H1 FY'24. The segment is
expected to pickup growth in the coming quarters
driven by replacement demand, increased mining,
infrastructure and construction activities.
Our exposure in this segment is 7% at a portfolio
level. We are treading carefully in this segment due
to increase in price and operating costs.
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