M&HCV bus sector in India in recovery mode

The medium and heavy commercial vehicle passenger carrier sector is headed for better times.

During FY2015-16, the overall CV industry did well to post 11.51% year-on-year growth with sales of 685,704 units (FY2015: 614,948 units). Expectedly, the M&HCV sector was the big provider to these gains, with sales of 302,373 units and handsome 30% YoY growth (FY2015: 232,755 units). Within this segment, the passenger carrier segment, which comprises about 20 percent of the total M&HCV segment, registered strong double-digit growth after two years of negative growth.

During 2015-16, the M&HCV passenger carrier segment, classified as maximum mass exceeding 7.5T ...