Commercial Vehicle industry in India has contributed significantly in the growth of national economy. Check out this presentation to know more about this industry and its future endeavours in India.
2. A Commercial Vehicle (CV) is a type
of vehicle that is used for commercial
or business related purposes
People who own private business use a
large number of vehicles for
commercial purposes
Insuring commercial vehicles is a
crucial precaution, and is
unfortunately more expensive than
purchasing personal auto insurance
3. State of Commercial Vehicles in India
The commercial vehicle industry has
been found to be growing at a very
fast rate
The industry has shown potential for
long-term growth, subject to the
economy accelerating to 7%–8% GDP
growth per annum
Also the Government expediting
policies that are in support with the
growth of manufacturing and
infrastructure development
4. What does the future of Commercial Vehicle Industry
hold?
The fundamental drivers of the industry
have not changed their ways
Seems that the key stakeholders will
need to re-calibrate their strategies to be
in more in tune with a market that has
can be seen shifting into a lower gear
After experiencing an appreciable
amount of growth of over 30% during
2009-10 and 2010-11, the toughness of
the domestic Commercial Vehicle
industry can be seen to be diminishing
5. Condition of Commercial Vehicle Industry in India
The world’s third largest truck
and bus market, India can be
seen increasingly as an upcoming
hot spot with growth
opportunities for some of the
biggest global commercial
vehicles manufacturers
The commercial vehicle segment
in India has shown an amazing
recovery even after withstanding
what could be called as one of
the biggest global economic crisis
6. With the economic revival and increasing private sector firms spending on
infrastructure and facilities, the expected growth in the segment of commercial
vehicles will continue
