Asset reconstruction companies facing slowdown in loan recoveries due to pandemic: Icra

The ratings of security receipts (SRs) issued by ARCs have seen downgrades due to delay in recoveries and decline in expected recovery value on the SRs.

Asset reconstruction companies (ARCs) are facing slowdown in recoveries from bad loans procured from banks due to failed auctions, absence of bidders and delay in payments amid COVID-19 pandemic, according to a report.

The ratings of security receipts (SRs) issued by ARCs have seen downgrades due to delay in recoveries and decline in expected recovery value on the SRs.

“The recovery for the ARCs are getting affected due to deferment or failure of auctions due to unsatisfactory bids or absence of any bidders, default or delay in payment as per the agreed settlement plan or agreed restructuring terms,” rating agency Icra said in its report.

Besides, resolution under Insolvency and Bankruptcy Code (IBC) proceedings has seen a sharp slowdown in the first quarter of

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Automobile dealerships expect flat or moderate growth in festive season: ICRA



a car is lined up in a parking lot


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Automobile dealerships are cautiously optimistic, expecting flat or moderate growth in the festive season after suffering twin blows of demand slowdown due to macroeconomic challenges and the impact of the coronavirus pandemic, according to ratings agency ICRA.

Across India, the automobile dealerships continue to face tough times. They are among the worst impacted segments within the entire automotive value chain, ICRA said in a statement.

After witnessing a sharp 75-90 per cent decline during Q1 FY2021 across the automotive sub-segments, wholesale dispatches are on a recovery trend with certain segments like two-wheelers (2W) and passenger vehicles (PV) registering year-on-year growth in the wholesale volume during September 2020, it added.

However, retail demand continues to remain weak, indicating wholesale dispatches are resulting in inventory build-up at dealerships, ICRA said.

Citing a survey done by the ratings agency across PV, 2W and the CV (commercial vehicles) segments

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Automobile Dealerships Expect Flat Or Moderate Growth In Festive Season ICRA

Automobile dealerships are cautiously optimistic, expecting flat or moderate growth in the festive season after suffering twin blows of demand slowdown due to macroeconomic challenges and the impact of the coronavirus pandemic, according to ratings agency ICRA.

Across India, the automobile dealerships continue to face tough times. They are among the worst impacted segments within the entire automotive value chain, ICRA said in a statement.

After witnessing a sharp 75-90 per cent decline during Q1 FY2021 across the automotive sub-segments, wholesale dispatches are on a recovery trend with certain segments like two-wheelers (2W) and passenger vehicles (PV) registering year-on-year growth in the wholesale volume during September 2020, it added.

However, retail demand continues to remain weak, indicating wholesale dispatches are resulting in inventory build-up at dealerships, ICRA said.

Citing a survey done by the ratings agency across PV, 2W and the CV (commercial vehicles) segments with presence in rural, semi-urban

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Automobile dealers expect flat or moderate growth in festive season: ICRA


Automobile dealerships are cautiously optimistic, expecting flat or moderate growth in the festive season after suffering twin blows of demand slowdown due to macroeconomic challenges and the impact of the coronavirus pandemic, according to ratings agency ICRA.


Across India, theautomobile dealershipscontinue to face tough times. They are among the worst impacted segments within the entire automotive value chain, ICRA said in a statement.


After witnessing a sharp 75-90 per cent decline during Q1 FY2021 across the automotive sub-segments, wholesale dispatches are on a recovery trend with certain segments like two-wheelers (2W) and passenger vehicles (PV) registering year-on-year growth in the wholesale volume during September 2020, it added.


However, retail demand continues to remain weak, indicating wholesale dispatches are resulting in inventory build-up at dealerships, ICRA said.


Citing a survey done by the ratings agency across PV, 2W and the CV

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