CV in­dus­try growth in 2017

The first of the two panel dis­cus­sions, as part of the Apollo-CV Awards 2017, fo­cused on the growth of CV in­dus­try in 2017.

Commercial Vehicle - - WHAT'S IN­SIDE -

Re­spond­ing to V G Ra­makr­ish­nan’s ques­tion on CV mar­ket hav­ing reached the 2011 level with 592,000 unit sales and good sup­port from bus seg­ments, Nalin Me­hta ex­pressed that com­mer­cial ve­hi­cle sales will grow as the (In­dian) econ­omy grows. “The big ticket growth in bus busi­ness,” he said, “came from STUs and trans­lated into a growth of 153 per cent this year, sta­tis­ti­cally speak­ing.” Me­hta em­pha­sised on three fac­tors – cap­i­tal­is­ing on JNNURM scheme, work­ing on agen­das us­ing PPP ap­proach, and get­ting in­de­pen­dent op­er­a­tors to ply, that led to growth fu­elled by STUs. Point­ing at a shift tak­ing place from LCVs to ICVs, he stated, “The de­lay or ex­ten­sion of bus body code im­ple­men­ta­tion cre­ated an el­e­ment of un­cer­tainty. Man­u­fac­tur­ers were not cer­tain of how quickly it would be im­ple­mented, and if they will be ready. Bus body builder, a for­mi­da­ble part of the busi­ness to­day, were be­hind it. The Min­istry of Road Trans­port & High­ways (MoRTH) has been work­ing to­wards a com­mon man­date. If there is no clear leg­is­la­tion about sleeper bus code or about long haul buses, the growth vol­ume is go­ing to be more or less flat.”

Mar­ket shift

Di­vert­ing at­ten­tion to trucks, A Sreerama Rao stated that the num­ber of trucks re­quired by customers has gone down

on the ba­sis of the on-road in­for­ma­tion his com­pany has gath­ered over the last seven years. Ex­press­ing that a new model was al­ways found to be more pro­duc­tive, Rao averred, “Trans­for­ma­tion is also tak­ing place in haulage trucks. A move­ment is tak­ing place from

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