Surge in demand for 25- and 31-tonners driving M&HCV growth in India

With the medium and heavy commercial vehicle (M&HCV) sector, which is seen as the barometer of a country’s economy, showing consistent growth over the past 10 months, albeit on a low sales base, CV majors are breathing a sigh of relief. 

This growth comes after nearly two years of a prolonged slump amid economic uncertainty. Thanks to the opening up of the mining sector and the government’s focus on infrastructure projects, demand is looking up for higher-tonnage vehicles, especially the 25-tonne and above Gross Vehicle Weight (GVW) truck market. Gradually, a good number of fleet operators are either replacing ...