Tata Motors and Mahindra make smart gains as demand grows for LCV goods carriers
Within the LCV segment, the goods carrier segment effortlessly takes the lion’s share – 241,795 units out of 268,292 units, accounting for 90.12 percent of total sales.
17 Nov 2017
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The light commercial vehicle (LCV) segment is back in the news. While M&HCV sales have been under pressure in October 2017 (26,158 / 0.86%) and also in April-October 2017 ((154,843 / -5.38%), the LCV sector is saving the blushes for the overall commercial vehicle industry.
Having posted growth for nine straight months since February 2017, the LCV industry has been seeing a consistent uptick in demand. With sales of 43,635 units in October (+10.09%) and 268,292 units in April-October (+13.97%), this segment seems well placed to notch better growth in the coming year.
Within the LCV segment, the ...
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