Not looking at three-way merger now: Revankar of Shriram Transport

In a Q&A, the firm's MD &CEO says as fleets resume plying, recast requests are likely to be lower than the 3% that the company had earlier planned

Revival in demand for commercial vehicles is sustainable, says Umesh Revankar, MD & CEO, Shriram Transport Finance. In a conversation with Hamsini Karthik he said as fleets resume plying, restructuring request are fewer than expected. Shriram group’s three-way merger plan may also be on hold for now. Edited excerpts:

How sustainable is the well-rounded recovery seen in December quarter?

Recovery is strong and positive, so I feel that it will remain quite good and whatever developments we have seen in the last few days and in the budget and the way market has taken it, it gives us hope that