Commercial Vehicle - - WHAT'S INSIDE -

From the time of de­mon­eti­sa­tion in Novem­ber 2016, the CV in­dus­try faced tur­bu­lent times that spill over to 2017. De­mon­eti­sa­tion was closely fol­lowed by the roll-out of BS IV emis­sion norms and the Goods and Ser­vices Tax apart from the lull in the fes­tive pe­riod. The volatil­ity fi­nally gave way to growth in De­cem­ber 2017 with vol­umes com­ing back to the CV in­dus­try. With 2018 ex­pected to build upon the mo­men­tum, OEMs are hop­ing for an uptick in de­mand given the higher fleet util­i­sa­tion lev­els by op­er­a­tors. The Govern­ment’s con­tin­ued fo­cus on in­fra­struc­ture au­gurs well for the in­dus­try. Its only by way of a sus­tain­able de­mand that the coun­try can wit­ness a surge in de­mand for ad­vanced tech­nol­ogy and mod­ern trucks.

Harpreet Singh, Lud­hi­ana

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