* Delhi - Truck market growth pegged at 20% in second half of this fiscal
-- Indian medium and heavy commercial vehicle market considered as a barometer of economic activity has made a smart recovery on the back of pent-up replacement demand in FY15... With some signs of increasing consumption, extended replacement buying which was to end this year and advancement of purchase due to ensuing new regulations is leading the truck makers to revise the growth expectation higher to 20 per cent growth for medium and heavy trucks... With the high base effect of second half coming in, it was estimated the growth rates for medium and trucks in the second half of this fiscal will come down, but it is likely to sustain... Already, from April to July, the medium and heavy truck segment (16 tonne to 49 tonne) has seen a growth of 24.5 per cent to 69,000 units... Experts says, the haulage segment (trucks in which consumer related items are carried) has already reached close to 90 per cent of its earlier peak. And the tipper segment which is a directly related to the mining has reached 65 per cent from its earlier peak seen in 2012...
(Photo: Indian M&HCV market considered as a barometer of economic activity has made a smart recovery on the back of pent-up replacement demand in FY15) -- New Delhi, India - ET, by Ketan Thakkar & Ashutosh Shyam - 3 Sep, 2015Labels: trucks markets worldwide
![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
0 Comments:
Post a Comment
<< Home