Annual CV sales to cross 1 million for the first time

TusharK · 18th September 2018, 17:00

Commercial vehicles (CV) sales in India are set to cross the 1 million mark for the first time. According to a media report, CV sales have grown by 52% to 4,57,524 units in the first 5 months of FY2018-19. Medium and heavy-duty CV production has grown by 72% to 1,78,688 units compared to the previous year, while LCVs registered a growth of 41% to 2,78,836 units.

Annual CV sales to cross 1 million for the first time-tata-truck.jpg

According to the Society of Indian Automobile Manufacturers (SIAM), as of August 2018, domestic demand for CVs has grown by more than 41%, while exports stand at 35%. At this pace, the annual growth of the CV sector is predicted to be 15%. In comparison, 8,94,551 units of CVs were produced in the last fiscal, registering a growth of 10.40%.

Passenger vehicles (PV) and 2-wheeler sales have already reached the 1 million sales milestone. In FY2017-18, 4 million PVs were sold, while 2-wheeler sales stood at 23 million.

Source: Business Standard

Link to Team-BHP News

Anwesh · 18th September 2018, 20:58

Is there any link to segment wise data for fy17/18 and the first five months of fy18/19?

TIA

GTO · 24th September 2018, 17:02

Who buys CVs? Businesses (or providers to businesses). And when do they buy CVs? When business is good & they expect demand to increase.

India is on a roll, guys. Hang on for the ride. We're already a no.4 car market globally, and the no.1 two-wheeler market.

Proud. Incredibly proud

. As I've said many times earlier, the next 20 years belong to India. There's a lot going for this great country. If you work, work hard. If you're running a business, build it hard. If you're investing, invest smart. Success is guaranteed.

V.Narayan · 24th September 2018, 21:01

^^^^^
GTO, thank you for your lovely post. From a business and economics point of view India is the place to be for the next quarter century. The vibrancy will be the envy of others. Don't expect the traffic to get better or we Indians to improve our civic sense. Think of China in the early 2000s - success, energy & chaos alive in one bonfire. The infra is and will improve. Of course a lot has to improve on several other fronts such as tolerance & poverty to name two. But so much has happened. Onwards & upwards.

18th September 2018, 17:00	#1
TusharK Senior - BHPian Join Date: Jul 2017 Location: Pune Posts: 6,262 Thanked: 55,784 Times	Annual CV sales to cross 1 million for the first time Commercial vehicles (CV) sales in India are set to cross the 1 million mark for the first time. According to a media report, CV sales have grown by 52% to 4,57,524 units in the first 5 months of FY2018-19. Medium and heavy-duty CV production has grown by 72% to 1,78,688 units compared to the previous year, while LCVs registered a growth of 41% to 2,78,836 units. According to the Society of Indian Automobile Manufacturers (SIAM), as of August 2018, domestic demand for CVs has grown by more than 41%, while exports stand at 35%. At this pace, the annual growth of the CV sector is predicted to be 15%. In comparison, 8,94,551 units of CVs were produced in the last fiscal, registering a growth of 10.40%. Passenger vehicles (PV) and 2-wheeler sales have already reached the 1 million sales milestone. In FY2017-18, 4 million PVs were sold, while 2-wheeler sales stood at 23 million. Source: Business Standard Link to Team-BHP News
	(6) Thanks

18th September 2018, 20:58	#2
Anwesh BHPian Join Date: Oct 2015 Location: Navi Mumbai Posts: 171 Thanked: 344 Times	Re: Annual CV sales to cross 1 million for the first time Is there any link to segment wise data for fy17/18 and the first five months of fy18/19? TIA
	() Thanks

24th September 2018, 17:02	#3
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,512 Thanked: 300,691 Times View My Garage	Re: Annual CV sales to cross 1 million for the first time Who buys CVs? Businesses (or providers to businesses). And when do they buy CVs? When business is good & they expect demand to increase. India is on a roll, guys. Hang on for the ride. We're already a no.4 car market globally, and the no.1 two-wheeler market. Proud. Incredibly proud . As I've said many times earlier, the next 20 years belong to India. There's a lot going for this great country. If you work, work hard. If you're running a business, build it hard. If you're investing, invest smart. Success is guaranteed. Last edited by GTO : 24th September 2018 at 17:03.
	(3) Thanks

24th September 2018, 21:01	#4
V.Narayan Distinguished - BHPian Join Date: Aug 2014 Location: Delhi-NCR Posts: 4,071 Thanked: 64,304 Times	Re: Annual CV sales to cross 1 million for the first time ^^^^^ GTO, thank you for your lovely post. From a business and economics point of view India is the place to be for the next quarter century. The vibrancy will be the envy of others. Don't expect the traffic to get better or we Indians to improve our civic sense. Think of China in the early 2000s - success, energy & chaos alive in one bonfire. The infra is and will improve. Of course a lot has to improve on several other fronts such as tolerance & poverty to name two. But so much has happened. Onwards & upwards.
	(2) Thanks