Surging demand for goods carriers propels India CV sales to all-time high in FY2018

India Auto Inc is on a high and rightly so – sales of passenger vehicles, commercial vehicles and two-wheelers have hit record numbers. Importantly, the commercial vehicle segment, considered to be the barometer of a country’s economy, is firing on all cylinders. 

The return of replacement demand, de-bottlenecking of supplies by GST, higher average speed of trucks on highways and strong demand from rural India has given a boost to truck sales, particularly goods carriers. This handsome return of growth in the goods carrier segment, both in the heavy and light trucks segments, has resulted in the overall CV segment touching ...