Is auto demand now tilting more towards two-wheelers versus PVs? Deven Choksey answers

economictimes.indiatimes.com:

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says “within the auto space, stronger preference would remain with the commercial vehicles. The commercial vehicles companies are largely driven by the higher amount of demand due to the infrastructure spending due to the industry expansion and the logistic demand that we are having.”
Within auto where does your preference lie? Is it now tilting towards two-wheelers a lot more versus PVs and has the entire SUV rush already panned out and been factored in?
The two-wheelers are largely driven by festive demand anticipation. That is where probably the likes of Bajaj Auto and all have scaled up significantly in the last couple of days. I would think that for the two-wheelers, probably the worst is over. Even on the export front, things are looking relatively more stable than ever before and that is where probably a company like Bajaj Auto would have a relatively better time to talk about.
So that journey continues. However, within the auto space, stronger preference would remain with the commercial vehicles. The commercial vehicles companies are largely driven by the higher amount of demand due to the infrastructure spending due to the industry expansion and the logistic demand that we are having.

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Along with that, this scrappage policy also is resulting in some renewed demand coming in from the commercial vehicle space. These are the companies where probably one could see at least three years of clear visibility of higher or