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CV industry: What’s in store?
Aug 25, 2005

The Indian commercial vehicles (CV) industry, after witnessing phenomenal growth during the period between FY02 and FY05, has failed to maintain steam during the first four months of the current fiscal. While the light commercial vehicle segment (LCV) managed to grow at a steady pace, the demand for medium and heavy commercial vehicles (M&HCV) actually registered a fall. In this article, we shall try to analyse the reasons for the same and what is in store for the industry going forward.

  Domestic Exports Total
Industry Apr-Jul04 Apr-Jul05 % change Apr-Jul04 Apr-Jul05 % change Apr-Jul04 Apr-Jul05 % change
Buses 7,135 5,855 -17.9% 1,326 1,086 -18.1% 8,461 6,941 -18.0%
Trucks 47,614 46,582 -2.2% 2,380 2,553 7.3% 49,994 49,135 -1.7%
M&HCV 54,749 52,437 -4.2% 3,706 3,639 -1.8% 58,455 56,076 -4.1%
Buses 7,101 7,725 8.8% 372 651 75.0% 7,473 8,376 12.1%
Trucks 27,716 31,129 12.3% 3,241 6,628 104.5% 30,957 37,757 22.0%
LCV 34,817 38,854 11.6% 3,613 7,279 101.5% 38,430 46,133 20.0%
Total 89,566 91,291 1.9% 7,319 10,918 49.2% 96,885 102,209 5.5%

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