new delhi personal mobility lack of public transport facility festive purchases some pentup demand and rural momentum led to a surge in passenger cars demandaccording to a report by lkp securities passenger vehicles pv has been the brightest spot in the industry during festive seasonthere was a strong demand for maruti and tata motors even hyundai is performing well and has been able to solve the vendor issues the worst hit due to vendor issues is mm both on the autos side as well as tractors side foreign players like honda renault skoda ford vw mg etc also were among the worst hit advt personal mobility lack of public transport facility festive purchases some pentup demand and rural momentum led to a surge in the pv demand the report saidmaruti and tata motors dealers sounded very happy with no supply side constraints and a very high festive demand as they observed more than 10 growth in the retail demand over the last yeartata motors dealers remain the most confident with strong enquiries and footfall conversion rates happeningwithin arena alto and wagon r are doing well while celerio showed a bit subdued sales within nexa except scross all other models performed decentlyincreased demand was there for alto and wagon r which indicates downtrading owing to lower affordability stemming from job losses and salary cuts of customers during lockdown maximum competition is in the uv segment mainly from hyundai and kia the report saidfor all the pvs too the first time buyer category remained the highest and contributed 40 geographically too the demand was more or less skewed towards north and west rural markets grew at a higher rate than urban ones all the models and variants of mm are still facing supply side issues before the festivals dealers were confident that this issue shall get sorted out however there was a small improvement in it resulting in a lackluster season for mm despite demand the report said advt on two wheelers the report said that demand was overall good in the country in the 32 days of the festival however the growth that was observed in the initial six months post the lockdown was opened seems to have tapered off a bit most of the dealers across the country had a decent festive periodcertain pockets in rural uttar pradesh have seen a subdued season as they mentioned that sugarcane and wheat produce did not get the expected pricing leading to lower income in farmers hands hence lesser demanddemand in small cities and rural india was much better than urban or tier1 cities some tier 1 and tier 2 cities dealers also observed slight negative to flattish growth in rural india the growth was between 510there has been a conspicuous downtrading in the two wheeler industry as entry level bikes are finding higher demand passion cd dawn hf deluxe and splendor from heros stable are high on demand however for bajaj pulsar segment its bread and butter found good demand heros