Chip shortage still a challenge for commercial vehicle players: STFC MD

The rise in fuel prices and the Ukraine crisis have not made any severe dent in the commercial vehicles business as yet, says Umesh Revankar, vice-chairman and managing director, Shriram Transport Finance (STFC). In an interaction with Shine Jacob, Revankar says the company is expecting a growth rate of 10 per cent in assets under management (AUM) in 2022-23. Edited excerpts:

What sort of impact are you seeing on commercial vehicles demand following the Ukraine crisis and the rise in fuel prices?

What I see is that demand per se has not come down. There is enough demand in the market.