L&T Finance on Wednesday said it is expecting a decent uptick in automobile demand during the festive season on the back of good monsoon and is hopeful of a reasonable improvement in the microfinance segment in the second half of the current fiscal.
“Of late, there are reports that the auto industry is seeing some slowdown, but I am very hopeful that on the back of good monsoon that we see, I think during the festive period, we will see a decent uptick both in terms of two-wheelers as well as four-wheelers,” L&T finance Managing Director and Chief Executive Officer Sudipta Roy told PTI.
Stating that the microfinance industry is currently going through a little bit of adjustment time frame that is more to do with some sort of the disruption during the elections in terms of the social income flows which has resumed right now.
“It was also because of the tremendous heat wave that was there during the May and June period… I do believe that on the back of good monsoons, in H2FY25 we should see a reasonable improvement in the outlook towards microfinance,” Roy said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Aug 28 2024 | 2:51 PM IST