ON THE REBOUND
Business Today|May 01, 2022
COMMERCIAL VEHICLE MAJORS LIKE TATA MOTORS, ASHOK LEYLAND, VECV AND OTHERS ARE BETTING ON RECOVERY OF THE BUS SEGMENT, PENT-UP DEMAND AND CNG TO CROSS THE BRIDGE BETWEEN RECESSION AND RECOVERY
PRERNA LIDHOO
ON THE REBOUND

EYE ON COMMERCIAL VEHICLES

  • As infrastructure development projects pick up, and the logistics and e-commerce sectors grow, coupled with easing of financing options, companies are betting on a recovery
  • Key headwinds for the sector include elevated commodity prices and rising fuel costs, which are impacting the cash flows of truck operators
  • Vehicle prices have increased by over 20 per cent in the past 1518 months
  • CV makers believe that buses are in the best position to go electric
  • The next 2-3 years will be crucial for the CV segment to realize its true growth potential

29% DROP IN COMMERCIAL VEHICLE SALES IN FY20 TO 717,688 UNITS FROM 1 MILLION IN FY19

INDIA’S COMMERCIAL VEHICLE (CV) segment was already battling falling sales when the Covid-19 pandemic made it worse. In 2019-20, according to industry body the Society of Indian Automobile Manufacturers (SIAM), CV sales dropped 29 per cent to 717,688 units—from its peak of 1 million in FY19—because retail financing took a major hit and there was a transition from BS-IV emission norms to stricter BS-VI norms. In FY21, after the pandemic hit, CV sales plunged 21 per cent to 568,559 units. During the first nine months of FY22, sales improved to 531,702, compared to 388,497 in the corresponding period in FY21.

Esta historia es de la edición May 01, 2022 de Business Today.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición May 01, 2022 de Business Today.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS TODAYVer todo
WONDER VISION
Business Today India

WONDER VISION

Bela Bajaria, as the head of content at Netflix, has been instrumental in shaping what its subscribers watch across the world

time-read
1 min  |
November 24, 2024
Steering Global Change
Business Today India

Steering Global Change

Anshula Kant is playing a pivotal role as the World Bank reorients itself to better serve developing countries.

time-read
1 min  |
November 24, 2024
The Master Builder
Business Today India

The Master Builder

Under her guidance, JK Lakshmi has established itself as one of the largest cement players with annual capacity of 14 million tonnes

time-read
1 min  |
November 24, 2024
MONEY ANGEL
Business Today India

MONEY ANGEL

Padmaja Ruparel and her partners at Indian Angel Network have not just backed start-ups; they've created jobs as well.

time-read
1 min  |
November 24, 2024
Taking India Global
Business Today India

Taking India Global

Invest India's Nivruti Rai loves taking on challenges. Her tenacity will come in handy as she looks to bring in more foreign investments

time-read
1 min  |
November 24, 2024
ALL ABOUT SERVICE
Business Today India

ALL ABOUT SERVICE

From the depths of the Covid-19 pandemic, Jyotsna Suri has managed to guide her business back to health.

time-read
1 min  |
November 24, 2024
THE PURSUIT OF SUCCESS
Business Today India

THE PURSUIT OF SUCCESS

AFTER THREE FAILED ventures, Vineeta Singh, Co-founder of SUGAR Cosmetics, has carved a unique path in India's beauty industry.

time-read
1 min  |
November 24, 2024
SETTING STANDARDS
Business Today India

SETTING STANDARDS

IN THE CHEMICALS industry, where men have traditionally held sway, Vinati Saraf Mutreja has broken the mould.

time-read
1 min  |
November 24, 2024
A JOURNEY OF RESILIENCE
Business Today India

A JOURNEY OF RESILIENCE

UPASANA TAKU, Co-founder and CFO of payments service provider MobiKwik stands as a prominent figure in India's fintech landscape, steering one of the nation's leading digital payments platforms with resilience, passion, and a sharp strategic vision.

time-read
1 min  |
November 24, 2024
EQUITY PIONEER
Business Today India

EQUITY PIONEER

WITH NEARLY 25 years in private equity-more than half of that at the Indian arm of Advent International-Shweta Jalan stands out as one of the few women at the helm of private equity in India.

time-read
1 min  |
November 24, 2024