Commercial vehicle sales increased in July
2011
The commercial vehicle (CV) segment, which is often considered as the
measurement of economic health of a nation, has posted increase in July
2011 even as sales of the car segment drooping.
The country’s top...
More
Commercial vehicle sales increased in July
2011
The commercial vehicle (CV) segment, which is often considered as the
measurement of economic health of a nation, has posted increase in July
2011 even as sales of the car segment drooping.
The country’s top commercial vehicle manufacturers such as Tata
Motors, Eicher Trucks and Buses, Mahindra & Mahindra and Asia
Motor Works (AMW), which manage a share of 83 per cent of the
domestic CV market, have jointly posted a escalation of 28 per cent
selling over 60,000 units in July.
The rise in CV sales is a result of an encouraging combination of a
number of reasons such as planned implementation of scheduled infrarelated works sponsored by the government and private parties,
imposition of anti-overloading law by some states and novel product
introduction.
The expansion, according to CV manufacturers, has come in spite of
broader inflationary pressures, high fuel costs and peaking interest rates
even as car sales, which are more perceptive t
Less
