India’s heavy truck sales hit all-time high in FY2019
Demand for M&HCV goods carriers, the movers and shakers of the economy, rose 15% to reach 351,128 units. This makes India the No. 2 heavy truck market just behind China, surpassing Europe and the USA.
13 Apr 2019
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If India Auto Inc’s FY2019 sales, at 26,267,783 units (+5.15%) had a little bit of shine in them, then it was thanks to the robust performance of the commercial vehicle (CV) sector. While the passenger vehicle (PV) and two-wheeler sectors faltered with single-digit growth, the CV sector seems to have saved the blushes for the overall industry with strong sales in both the light commercial vehicle (LCV) and medium and heavy commercial vehicle (M&HCV) segments. The critical goods carrier sub-segments in both vehicle categories have delivered and how.
Importantly, the Indian domestic CV industry achieved a significant milestone of ...
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