Commercial vehicle segment set for growth with expanding economy: VECV MD
The domestic commercial vehicle industry is expected to reach its peak sales volume of 2018-19 this fiscal and grow briskly over the next few years, coinciding with the overall economy's growth. Heavy-duty truck sales have grown by 15% in the first seven months (April-October). The economy is expected to cross the USD 5 trillion mark, and new age customers like e-commerce companies seek better turnaround time, leading to the replacement of old trucks with new ones.
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