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.
Denne historien er fra May 01, 2022-utgaven av Business Today.
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Denne historien er fra May 01, 2022-utgaven av Business Today.
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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.
TECH FOR GOOD HEALTH
A FOUNDING MEMBER of Apollo Hospitals, Sangita Reddy has played a pivotal role in driving the organisation's growth through tech-driven solutions.
MARCHING AHEAD
\"THE BIGGEST RISK is becoming complacent,\" says Radhika Gupta of Edelweiss AMC.
REINVENTION DRIVER
COLGATE-PALMOLIVE (INDIA)'S growth story has been steered by constant innovation and it is a topic that interests the company's boss, Prabha Narasimhan.
AN ADVOCATE FOR MENTAL HEALTH
FOR NEERJA BIRLA, observation and realisation have played very important roles.
BUILDING AGILITY AND RESILIENCE
AS CHAIRPERSON OF Piramal Pharma Ltd (PPL), Nandini Piramal says she has worked towards cultivating a culture of innovation and diversity.
FOCUSSING ON THE BASICS
SHE MAY BE in the business of keeping customers cool during the summer months, but her job is a year-round affair.
FINGER ON THE PULSE OF INDIA
LAST YEAR WAS a blockbuster one for Netflix India; the OTT platform also won numerous accolades (including an Oscar for The Elephant Whisperers).
Shifting Gears
CHANGE IS INEVITABLE Lakshmi Venu holds this belief as she leads one of the country's largest auto components maker Sundaram Clayton and the billion-dollar tractor manufacturer TAFE.
SHINING SUN
FOR ANYONE LIVING in south India, the Sun network is a familiar name.
