Key Points
However, now, industry executives and economists say the rural slowdown has probably bottomed out and recovery will start getting more even from here.. Things are much more stable now compared with when the pandemic began, says Vikram, who had enough savings to buy the air conditioner earlier this year but deferred it as the summer was short-lived...
This is good news for consumer and automotive companies that are betting on low-income households like Vikrams, who had cut back on their purchases, to bring back demand this year..
Last year we saw huge inflationary pressures, which have eased now and a lot more CPG companies have started giving better value to the consumer by giving extra grammage rather than discount, says Buddha...
The overall cost of acquisition in this (entry-level) segment has gone up due to regulatory changes, higher insurance cost and interest rates, among other factors, says Vinod Aggarwal, president, Society of Indian Automobile Manufacturers (SIAM), which represents the automobile industry...
We expect volumes to continue to recover gradually due to the high levels of cumulative inflation and the fact that consumption habits typically recover with a lag, HUL CEO Rohit Jawa said at an earnings call last month..
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