Indian Commercial Vehicle Report October 2016 is detail report of Indian CV Industry. CV market showed the positive momentum in Oct 2016. Ashok Leyland, Tata Motors and Eicher increased their sales in Oct 2016.
Indian CV Production, Sales and Export Analysis Oct 2016:
- Positive impact on Eicher, Ashok Leyland, and Tata Motors performance due to demand increased, New Model launch and actual purchase started by Transporters.
- Some sluggish demand for freight movements also impact on CV Industry
- Exact GST format on CVs of tax structure and its implementation time frame is still undisclosed
- ACG expect CV sales to pick-up in Q3 FY 2017 and outlook for the M&HCV (Truck) segment at 6-8% for FY 2017
- Due to fluctuation in fuel price, there is some minor impact on TCO of CV vehicle
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