Commercial vehicle OEMs record robust growth in February

The GDP growth numbers released yesterday clearly point to an economic recovery for the Indian economy. During the September-December 2018 quarter, the economy grew by 7.2 percent, the fastest pace in five quarters, regaining its status as the world’s fastest-growing major economy, ahead of even China.

This growth is certainly going to help the commercial vehicle industry in the long run as truck sales are directly linked with the country’s overall economic activities. This recovery in the economy is led by private demand and consumer demand is also reviving. In the quarter, the manufacturing sector grew by a strong ...