The entry of big automobile companies into the commercial vehicles segment, will help the industry to increase its growth in future
Noida,India -PRLog & Truck Driver in Trucks India/Linkedin – Jun 01, 2011 – The commercial vehicles segment of the Indian automobile industry is one of the most prosperous markets in the country with a potential to reach to new heights. Various infrastructural and industrial projects that have been emerging consistently for the past few years have boosted the requirements of commercial vehicles in the country, says new research report from RNCOS: “India Commercial Vehicle Market Analysis” (see free sample here)... The in-depth analysis of the prevailing and upcoming market trends suggests that, the industry is witnessing the foray of existing automobile majors into the commercial vehicles segment. For instance, General Motors India recently announced its plans of entering the domestic light commercial vehicle (LCVs) segment. The Company is planning to do so by launching mini vans and mini trucks during the next few years. Additionally, the industry is being supported by the Indian Government, which has announced new tax rebates and excise duty concessions in its latest budget. Backed by these factors, the passenger vehicles segment is expected to grow at a CAGR of around 15% during 2011-12 to 2014-15... (Picture: An India's truck stop)
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