Tata Motors leads the charge in India's fast-growing CV market
The commercial vehicle segment – considered the barometer of the country’s economy – has notched handsome growth (+57.44%) and the growth is coming through in both the M&HCV (+114.79%) and LCV (+34.27%) segments.
With the first two months of fiscal year 2019 over, India Auto Inc is happily cruising in growth lane and all four vehicle segments – passenger vehicles, commercial vehicles, three-wheelers and two-wheelers – are clocking double-digit year-on-year growth.
What’s notable is that the commercial vehicle segment – considered the barometer of the country’s economy – has notched handsome growth (+57.44%). Importantly, the growth is coming through in both the M&HCV (+114.79%) and LCV (+34.27%) segments.
While some may argue that the numbers are on a low year-ago base, due to BS IV implementation, the fact of the matter ...
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