INDIA SALES ANALYSIS CY2015: Commercial Vehicles

M&HCVs power overall CV sector sales in 2015, LCVs remain in slow lane

Commercial vehicle sales, which comprise  medium and heavy commercial vehicles (M&HCVs) and light commercial vehicles (LCVs) in calendar year 2015 grew to 7.37 percent to 650,993 units (2014: 606,255 units). This growth is mainly thanks to the sterling 30.03 percent growth achieved by the M&HCV sector, which sold 280,388 units in 2015 (2014: 215,634). The sector's performance helped reduce the overall impact of the LCV segment, whose sales fell by 4.72 percent. While good times have still to arrive for LCV manufacturers, it is important to ...