The year 2020 was an extraordinary year for the CV industry. A black swan event for the Indian and world economy, FY2020-21 saw cataclysmic ramifications across businesses, sectors and human lives. Transitioning to BSVI that pushed the prices of vehicles up by 18 to 20 per cent, the CV industry, in FY2020-21 had to deal with the massive body blow[Read More…]
Highlighting its ability to respond flexibly and quickly to market changes, Henkel is confident that the rise in demand for its products in the industrial space will sustain itself. Announcing the achievement of significant organic sales growth exceeding 7.7 per cent in the first quarter of 2021, the company, supplying high-performance adhesives, sealants and surface treatment products to the auto[Read More…]
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…]
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…]
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