India is the 7th largest commercial vehicle manufacturer in world. During FY10-12 period CV industry witnessed strong growth primarily due to healthy economic climate combined with massive investments from government in infrastructure activities as well as developing public transport. However in near term the pain exists for the CV industry due to declining IIP, slower GDP growth, steep hike in diesel prices and spiraling interest rate scenario. The report gives valuable insights of the CV industry and outlook for the next 5 years. The report also focuses on key segments in the CV industry and the fundamentals driving the industry. Furthermore, report covers various regulatory issues and trend in duties imposed by the Government and detailed cost analysis and credit profile of the key players in the industry. The report also provide a brief note on impact of recent hike of diesel prices of the profitability of fleet operators The report presents CARE Research's forecasts of domestic market as well as exports for next five years till FY17. The outlook section also provides insights on profitability for next 2 fiscals after considering expected movement in important cost components like raw materials and selling and distribution expenses.
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