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India CV segment to grow faster than PV segment - ICRA

Auto News - Published on Wed, 05 Dec 2018

Image Source: The Economic Times
Economic Times reported Credit rating agency, ICRA in its year end assessment of the Indian Corporate Sector said that commercial vehicle segment is expected to post faster growth as compared to the passenger vehicle segment. According to the report, CV growth will largely be driven by a pick-up in infrastructure sector and stable demand from core freight-intensive sectors such as cement, steel, automobiles, and EXIM trade.

It said that M&HCV (Truck) demand has not been affected by revision in axle load carrying norms and is estimated to grow around 18-20 per cent in terms of volume.

The demand is expected witness a healthy growth in FY20 as well after implementation of BS-VI emission norms.

Source :

Posted By : Joykumar Irom on Wed, 05 Dec 2018
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