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Six reasons India’s CV industry is having its best run in years

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Six reasons India’s CV industry is having its best run in years

Six reasons India’s CV industry is having its best run in years

India’s automotive industry has had a bull run in the first 7 months of the year. The breadth of growth across segments was truly remarkable. We review the overall performance of the Automotive Industry in general and focus six reasons why the CV industry in particular is having its best run in years.

M&HCVs, the bellwether of long-haul trucking lead from the front with sales of over 1.5L units at 30 per cent. I&LCVs followed closely with sales of over 1 lakh units, growing at 25 per cent.

According to SIAM, Two-Wheeler (2W) domestic wholesale volumes crossed 1.2 crore units in H1 with an 18 per cent growth over the same period last year. October dispatches indicated continued festive growth with Hero MotoCorp up 16 per cent, TVS surging 29 per cent, and Bajaj Auto’s two-wheeler volumes rising 13 per cent. Three-wheelers (3W) posted 26 per cent growth at 5 lakh units for H1. Sales were powered by electric vehicles where EV share exceeded 65 per cent. Advt

Passenger Vehicle (PV) wholesales in H1 crossed 26 Lakh units, with a 29 per cent growth. 3 Lakh units, even though growth moderated to 12 per cent. 6L units at a growth rate of 20 per cent. However, the below normal monsoons in many parts of the country has started impacting volumes with Mahindra reporting a decline of 13 per cent along with Escorts Kubota which reported a decline of 11 per cent in October.


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