Post Tagged with: "CV industry"

Shifting gears: The CV industry

Shifting gears: The CV industry

CV utilisation is going up and manufacturers of trucks and buses are hoping for growth to return quickly. Story by Deven Lad   Shifting gears the CV industry is. It did so during the two months of lockdown due to Covid-19 in India, and albeit at a much slower rate. If Ashok Leyland launched its AVTR range of modern, modular[Read More…]

by August 19, 2020 INDUSTRY TALK

HCVs record most growth

The CV industry in India grew by 20 per cent in FY2017-18 according to a report by an analyst firm ICRA. Heavy Commercial Vehicles (HCVs) outperformed the industry with a growth of 28 per cent at 2.12 lakh unit in FY2017-18. Driven by healthy demand from end-user industries, especially automobiles, container traffic and bulk materials according to Subrata Ray, Sr.[Read More…]

by June 25, 2018 News

CV industry to get big boost in FY2018-19?

With CV major Ashok Leyland announcing a 28 per cent jump in profits to Rs.1563 crores in FY2017-18, the backdrop of higher spending on infrastructure and demand in the replacement market is expected to provide the CV industry with a big boost in FY2018-19, claim industry sources. They mention that the industry will clock a growth of much higher than[Read More…]

by June 25, 2018 News