Backed by strong fundamentals and brighter economic prospects, tippers are at the forefront of driving buyers to choose smart, value-oriented products, gradually dumping out the traditional cost-conscious buying patterns.
Physical infrastructures and energy forms provide the underpinnings for our contemporary societies. Roads, highways, bridges, railway lines, building construction, and other infrastructural developments are predominately taking up the lives and blood of mankind, while power generation and quest for a variety of energy sources bear out a majority of revenue-generating economic activities taking place across the globe.
In emerging countries like India, growing road construction, infrastructural development projects, establishment of newer coal mines and mineral quarries, and civil construction activities are of tremendous importance to the growth and consolidation of allied industries, including that of construction equipment and commercial vehicles. In the CV industry, in particular, the demand for tipper trucks is directly proportional to infra development activities, as they are the prime movers in material transportation, construction and mining sectors.
In 2018, the Indian CV market is on a bullish spree, with analysts predicting that the market will reach its pinnacle this year in terms of volume sales, with double-digit growth likely. An excellent growth trajectory has also been set for the upcoming year as well. Construction sector is perhaps the biggest growth driver, accounting for over 70 per cent of sales.
Denne historien er fra November 2018-utgaven av MOTORINDIA.
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Denne historien er fra November 2018-utgaven av MOTORINDIA.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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
The certification was done by The Great Place to Work Institute which works with the purpose of giving companies an opportunity to benchmark their practices that make every workplace unique for employees
JAMNA AUTO launches new trailer air suspension, bullish on market success
Understanding the pulse of the Indian customers, drivers and operating conditions, the home-grown company has come up with an ‘Indian product for Indian roads at Indian price’, reports N. Balasubramanian
Bridgestone drives Saabri Logistics' advancement with top-notch end-to-end tyre management
It is never easy for a fleet operator to strike the right balance between tight revenues and rising fuel and parts’ costs. However, if chosen wisely, important elements such as tyres can help in business advancement. Rajesh Rajgor finds this to be true in the case of Saabri Logistics
ZF to invest Euro 200 million as part of ‘Refresh India' strategy
ZF has announced a significant investment of around Euro 200 million as part of a strategic consolidation of its business domains with renewed impetus to drive growth in the Indian market over the next decade.
Chasing records, making roads, with Tata trucks
Jagdish Kadam, Chairman & Managing Director, Raj Path InfraCon shares details with MOTORINDIA about striving to create a world record for the longest road constructed in 24 hours, his company operations, and his fruitful association with Tata Motors.
IPL-Shaw JV for DEF solutions takes flight!
Commenting on this development, Gautam Venkataramani, Director, IPL Shaw Solutions India, said, “India Pistons Limited’s customer experience, local manufacturing strength over 60+ years with research and development and application engineering expertise will be used to provide DEF system solutions with light-weighting, performance-oriented approach leading to CAFE focus.”
What COVID has taught the resilient auto retail industry
In this special Guest Column, Vinkesh Gulati, President, Federation of Automobile Dealers Associations (FADA), shares his observations and views on how the Indian automotive retail sector has weathered the COVID storm and the key learnings and takeaways from the experience
“Cautiously optimistic on growth as COVID continues, emphasis on strong exports and aftermarket” - Vinnie Mehta
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’.
