THE SALES VOLUME of trucks and buses this financial year (FY24) is likely to surpass the peak of FY19, powered by demand to be created by the Centre's thrust on construction, mining, e-commerce and infrastructure ahead of the general elections scheduled next year.
Domestic commercial vehicle (CV) sales stood at 962,468 units in FY23 compared with 716,566 units in FY22, according to the Society of India Automobile Manufacturers (Siam) data released on Thursday. The CV segment posted the second-highest domestic sales and is already close to the peak of 2018-19.
As freight rates continue to hold up while demand for on-time delivery surges amid continued improvement in quality of national and state highways, fleet buyers are pushing for faster than usual replacement of trucks, say manufacturers and market analysts.
Diese Geschichte stammt aus der April 14, 2023-Ausgabe von Financial Express Mumbai.
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