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TRUCKS MARKET * India
* Tamil Nadu - Truck-makers eye revival in 2014
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Chennai,Tamil Nadu,India -The Times of India, by Nandini Sengupta -Aug 27, 2014: -- The commercial vehicle industry, battered by its worst slowdown in a decade in the last two years, is beginning to turn around and should end the current financial year either flat or on a positive note... That's a huge improvement from the 20%-plus negative growth clocked last financial year. According to top industry sources, the top-end tractor trailer segment has already hit pre-slowdown, 2011-level growth once again totting up 52% growth in the first seven months of this calendar... The demand upturn means CV makers are ramping up production rapidly to catch the festive spurt. VECV is cranking out 3,500 units a month but is ready to ramp up to 5,000 units a month if the demand picks up speed... The trouble is the ramp up plans by OEMs has caught a number of smaller vendors unawares. A section of component suppliers, particularly smaller players that had cut back on investments and capacity significantly in the downturn, are now unable to keep pace with demand revival...
Labels: trucks markets worldwide
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