India’s CV industry poised to notch record numbers in FY2018

Even as vehicle manufacturers across segments are releasing their domestic market sales numbers for December 2017, the Indian automobile market is upbeat on prospects for year 2018 which has just opened. 

While the passenger vehicle market is headed for record numbers this fiscal year ending March 2018, it looks like the critical commercial vehicle (CV) sector – considered to be the barometer of the country’s economy – is also driving into good times.

In the April-November 2017 period, the overall CV segment has recorded sales of 491,981 units, which marks 10.60 percent year-on-year growth (April-November 2016: 444,817). While ...