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.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.