Government regulations have continually pushed fleet management companies to replace their older fleet of CVs with newer vehicles, leading to an increase in the sales of CVs. Indian CV shipments increased by 25% year-on-year (YoY) in 2018. Tata Motors, Ashok Leyland, and Volvo-Eicher registered a growth of 27%, 29%, and 34%, respectively (Fig. 1). Both heavy commercial vehicle (HCV) and light commercial vehicle (LCV) segments saw an increase.
From April 2020, India will be switching to BS-VI emission norms, equivalent to Euro-VI. Heightened safety norms also have required the OEMs to invest in offering mandatory safety features like ABS (anti-lock braking system) on their products. OEMs and oil refining companies, who have invested billions of US dollars to supply BS-VI grade fuel, will need time to recoup their investments before gearing up for another mandatory technological upheaval.
Key component additions
Based on government regulations and technology adoption, the following are the main components which will increase the electronic component share in commercial vehicles:
هذه القصة مأخوذة من طبعة August 2019 من MOTORINDIA.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة August 2019 من MOTORINDIA.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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ATS ELGI launches new range of equipment for CV segment
GARAGE EQUIPMENT
VECV delivers 50 CNG buses to PMPML in Pune
VEHICLE ZONE
Lucas TVS chosen as one of India's best workplaces in auto industry
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Contributing more than 6% to the nation’s GDP as per reports in April 2021, the Indian automotive industry in its entirety provides employment to about ‘37 million people’.
