Truck Growth Brings International Challenge To Domestic Giants

The outperformance of India's commercial vehicle segment relative the rest of the four-wheeled market has attracted the interest of a number of truck manufacturers, particularly in the light truck segment. Light commercial vehicle (LCV) sales were up 26% year-on-year (y-o-y) for the first nine months of the current financial year, ending March 2012, outperforming both the overall commercial vehicle market, which grew 19.28%, and passenger vehicle growth, of just 0.49%. This is in line with BMI's forecast for commercial vehicles to outperform in the current financial year, with growth of 15% compared with 2% for passenger vehicles.

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