Indian Commercial Vehicle

by Ashwini Patidar Internet Marketer

The industry is divided into the segments like Small Commercial Vehicles (SCV), Light Commercial Vehicles, Medium Commercial Vehicles and Heavy Commercial Vehicles.

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Review on Indian Commercial Vehicle

In any countrys growth, Commercial vehicle industry plays a vital role. It reflects the active industrial state and also the GDP. In India the industry has recorded a growth of more than 30% consecutively in last two years even after facing a huge setback in economy. Goods carrier has been ruling the domestic CV industry over the passenger carriers as usual.

The industry is divided into the segments like Small Commercial Vehicles (SCV), Light Commercial Vehicles, Medium Commercial Vehicles and Heavy Commercial Vehicles. It is forecasted that apart from the Goods Carriers, business through private operators and Corporate or Institutional purchase will gear-up the passenger carrier division too.

SCV leads the Goods carrier application followed by the Light Commercial vehicles. The infrastructural development will uplift the Medium and Heavy commercial vehicle segments in the days to follow.

Although the rail transportation is cost effective and increasing reasonably at good pace but there are several areas where still the road transport is preferred and thus it remains almost unaffected in areas like foods, grains etc are carried through road transport. One major reason to prefer this is that it connects to the last stop of the material. So this trend is a reason to pull more business for commercial vehicle industries.

There are several more reasons to believe that Commercial Vehicle industry will grow in the time to come. One of the reasons will be the replacement of old vehicles. Most of the vehicles in todays time are old enough of their age. As per the government rules, a vehicle should be replaced after the age of 15 years, so this would bring significant sales for the commercial vehicle manufacturers. Another reason is that now the vehicles available in the market are more reliable technologically and also give a better mileage, which is a main consideration for buyers.

Related to Indian Commercial Vehicle

Indian commercial vehicle Industry

In any country’s growth, Commercial vehicle industry plays a vital role. It reflects the active industrial state and also the GDP. In India the industry has recorded a growth of more than 30% ...