Last Updated on Sep 14, 2021 by Manonmayi
Non-banking finance company, Sundaram Finance, has planned to maintain asset quality levels by deploying all measures to support loyal customers, drive collections and recovery efforts. Their Chairman mentioned that their focus area will continue to be on bringing a balance between Growth, Quality and Profitability (GQP), which have served the company well.
On the agricultural sector front, due to the near-normal monsoon, there has been a strong procurement and a boost in sowing. And they believe that the small and intermediate commercial vehicle segments will continue offering growth opportunities. However, in the automotive sector, there were challenges faced due to the global shortage of semi-conductors that affected production schedules.
The infrastructure, rural, and agricultural sectors are witnessing considerable levels of investments, which is why Sundaram Finance is expecting to see growth opportunities in the construction equipment and tractor segments as well, in the coming years.
