Two-wheeler stocks have been surging as companies like Hero MotoCorp and Royal Enfield indicated a big pick-up in demand. CNBC-TV18 did a ground check with one of the largest auto ancillary players in the two-wheeler market.
Talking about demand, Ramesh Gehaney, ED & COO of Endurance Technologies, said that he expects the demand to return to 100 percent of the pre-COVID levels in August.
“In April we were zero, then 25 percent, then 50 percent, then 75 percent and now in August, we are almost hoping that 100 percent pre-COVID levels would be back, so that is one indication that demand is coming back," said Gehaney.
"All the customers are just wanting to go back to the pre-COVID levels and they are all finding their way to reach there. So the numbers are good and the indications are also very positive," he added.
Nikunj Sanghi, Chairman at Automotive Skill Development Council, said, “Definitely I think there is a very positive indication of demand and we have had reasonably good months of June and July where we have done almost the same levels as we did in pre-COVID.”