We hosted a call today with Mr. YS Chakravarti, ED & COO, Shriram City Union Finance (SCUF). Key takeaways: (1) Though liquidity is available and funding costs have been tapering since Jan'19, end-user two-wheeler demand remains subdued. (2) Tighter BS-VI norms and higher insurance costs have inflated loan ticket size and customer down-payments. OEMs are pushing financiers to drive product sales by either reducing IRRs or raising loan tenure. (3) SCUF expects 2W financing growth of 7-8% in FY20, driven by volume/value growth of 4-6%/2-3%....