M&HCV sales see green shoots of recovery in June
After two straight months of falling sales, M&HCV numbers have returned to the black, indicating recovery is underway in this key segment of the Indian commercial vehicle industry.
04 Jul 2017
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Amid the hustle and bustle of GST news, what seems to have gone unnoticed is that the critical medium and heavy commercial vehicle (M&HCV) segment, the largest in terms of volume and value in the domestic CV industry, has recovered marginally after experiencing a slump in April and May 2017.
As a result of the BS IV upgrade on April 1, vehicle prices were raised slightly but were enough to have fleet operator defer their new truck purchases. Furthermore, there were supply constrains as OEMs were unable to produce enough BS IV-compliant vehicles in first two months of FY2018. ...
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