Industry: Automobiles
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.
LCV sales decline while M&HCV sales grew on low base....
LCV sales decline while M&HCV sales grew on low base....
CV demand continues to decline....
Another disappointing month for CV, although M&HCV sales recovered marginally....
CV sales continues to plunge....
Economic slowdown continues to haunt....
No respite in spite of duty cut....
No respite for slowdown hit CV industry in February 2014....
Government slashes excise rates to arrest CV demand slump....
No respite for slowdown hit CV industry in December 2013....
CV sales continue to slide in November 2013....
Domestic sales continue to suffer while exports breathe sigh of relief during October 2013....
Demand contraction continues in both domestic as well as exports markets....
Continues to decline amid weak economic scenario....
Continues to decline amid weak economic scenario....
Pain continues, no respite yet....
Demand slumped across all the CV segments....
LCV continues to support sliding CV sales....
LCV GC remained the lone performer, while MHCV sales continued to decline....
Bumpy ride to continue......
M&HCV continues to slide.......
Staying afloat to remain challenging.......
M&HCV GC continues to struggle due to tough macroeconomic environment....
Slowing down economic growth and escalating inflationary pressure since the second half of the last fiscal has shrinked the average consumer spending .....
Significant slowdown in investments in industrial and mining activities owing to policy bottlenecks combined with sluggish growth in agriculture activ.....