According to domestic rating agency ICRA, the current increase in new Covid infections, as well as subsequently localized lockdowns resulting from Omicron spread, will likely shave off roughly 100 basis points of growth in toll collections in the fiscal year 2021-22. Given that passenger vehicle (PV) accounts for 20-25 percent of overall traffic on toll projects, regional lockdowns imposed by state governments restricting people's movement are expected to negatively impact PV traffic as well as bus categories, according to ICRA, as seen during Covid-19's second wave. Toll collections, however, are expected to be moderated by about 100 basis points and will be supported by commercial vehicles as manufacturing, construction, and goods movement are permitted, according to the statement. More specifically, Vinay Kumar G, Sector Head, Corporate Ratings, ICRA, stated that FastAG collections peaked at '3,679 crores in December 2021, a 12% month-on-month increase over November 2021. He predicted that restricted people movement caused by the third wave of the pandemic would reduce toll collections by 7.5% and 23.5% month on month in January and February 2022, respectively, before recovering.