Commercial Vehicle
Industry: Automobiles
- Commercial Vehicle
- Auto ComponentPassenger vehicleTractorTwo WheelerTyre
- INR 40,000
- USD 700
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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Annual Review - Oct 2014
Data & Statistics
Updates
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Monthly Update December 14
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Monthly Update November 14
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Monthly Update October 2014
LCV sales decline while M&HCV sales grew on low base....
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Monthly Update September - 14
LCV sales decline while M&HCV sales grew on low base....
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Monthly Update August-14
CV demand continues to decline....
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Monthly Update July-14
Another disappointing month for CV, although M&HCV sales recovered marginally....
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Monthly Update June-14
CV sales continues to plunge....
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Monthly Update May -14
Economic slowdown continues to haunt....
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Monthly Update April-14
No respite in spite of duty cut....
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Monthly Update Mar-14
No respite for slowdown hit CV industry in February 2014....
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Monthly Update Feb-14
Government slashes excise rates to arrest CV demand slump....
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Monthly Update Jan-14
No respite for slowdown hit CV industry in December 2013....
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Monthly Update Dec-13
CV sales continue to slide in November 2013....
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Monthly Update Nov-13
Domestic sales continue to suffer while exports breathe sigh of relief during October 2013....
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Monthly Update Oct-13
Demand contraction continues in both domestic as well as exports markets....
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Monthly Update Sep-13
Continues to decline amid weak economic scenario....
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Monthly Update Aug-13
Continues to decline amid weak economic scenario....
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Monthly Update Jul-13
Pain continues, no respite yet....
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Monthly Update Jun-13
Demand slumped across all the CV segments....
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Monthly Update May-13
LCV continues to support sliding CV sales....
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Monthly Update Apr-13
LCV GC remained the lone performer, while MHCV sales continued to decline....
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Monthly Update Mar-13
Bumpy ride to continue......
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Monthly Update Feb-13
M&HCV continues to slide.......
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Monthly Update Jan-13
Staying afloat to remain challenging.......
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Monthly Update Dec-12
M&HCV GC continues to struggle due to tough macroeconomic environment....
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Impact Analysis
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LCVs to outweigh medium & heavy commercial vehicles in FY13
Slowing down economic growth and escalating inflationary pressure since the second half of the last fiscal has shrinked the average consumer spending .....
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CV sales plunge on continuing economic woes
Significant slowdown in investments in industrial and mining activities owing to policy bottlenecks combined with sluggish growth in agriculture activ.....
