Indian Commercial Vehicle Industry Available through Bharatbook.com

Dec. 19, 2011 - PRLog -- Indian Commercial Vehicle Industry: Too many speed breakers to pull down the growth in this fiscal

The commercial vehicle (CV) industry has always been linked to the country’s industrial activities and the overall GDP. Post the economic downturn the CV industry posted impressive growth of 36 percent in FY10 and 32 per cent in FY11. The Goods Carrier (GC) segment continues to dominate the CV market with approximate share of 88 per cent in FY11. The domestic market forms 90 per cent of the total CV market and remaining is contributed by the exports where the share has been increasing every year. http://www.bharatbook.com/detail.asp?id=40608&rt=Indian-Commercial-Vehicle-Industry.html

The CV market is set to experience significant changes primarily with the use of hub and spoke model. By hub and spoke model, it is meant that the freight is generated from certain regional cluster which is then transported to various trucking centers or hubs spread across the country, where the goods segregated and transported across the various spokes and finally through these spokes the goods are delivered to the end consumers. It has been witnessed, though there has been a strong volume growth in the LCV segment, the tonnage growth has not been in the same line, depicting rising proportion of small commercial vehicles (SCV). While in case of HCV, it is other way round, where the growth in tonnage is higher than growth in volume terms indicating rising proportion of heavy commercial vehicles (HCVs).

The key concerns for the industry continues in the form of rise in interest rates and fuel prices coupled with expected slow down in the growth levels of industrial production would affect transport operator’s business and may curtail the current growth levels in CV demand in short term period. CARE Research believes healthy medium to long term macro-economic outlook coupled with increase in government focus towards development of transport infrastructure would fade away short term concerns.

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