We would like to double our AUM over a three-year period: Vivek Karve, Mahindra Finance

economictimes.indiatimes.com:

«Yes, so if you look at the dealer inventories, the dealers have also been stocking up in order to meet the festival demand, which will start in the early third quarter,» says Vivek Karve, CFO, Mahindra Finance.

I was going through your disbursement numbers, and it is again a wealthy, healthy set that has come in so far. Is it fair to assume that the quarterly run rate will continue to be around the Rs 13,000 crore mark for Q2 FY24?
While I will not be able to give a very specific quarterly guidance, what we are quite confident about is about continuing of the momentum.

So, for example, in the month that just got over, the disbursements were up 15% and as a result of which the AUM on a YOY basis has grown 27%. So taking the viewers back to the medium-term game plan that we had talked about at the beginning of FY23, we said that we would like to double our AUM over a three-year period and I believe we are on track to make that objective come true.

I am not looking at a specific number from you but just wanted to get a sense in terms of the pre-festive demand, how has the momentum been because the last time we had the conversation, we were talking about how the pre-owned vehicle segment is doing quite well. The rural sentiment was showing quite a bit of uptick. Is it getting incrementally better from there?
Yes, so if you look at the dealer inventories, the dealers have also been stocking up in order to meet the festival demand, which will start in the early third quarter, I would say.

So we believe the dealers are adequately stocked up. We also support the dealers with the trade advance facility, which also is at a healthy level.