Commercial Vehicles in India

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Commercial Vehicles in India
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• A Commercial Vehicle (CV) is a type of vehicle
  that is used for commercial or business related
  purposes
• People who own private business use a large
  number of vehicles for commercial purposes
• Insuring commercial vehicles is a crucial
  precaution, and is unfortunately more expensive
  than purchasing personal auto insurance

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State of Commercial Vehicles in India

• The commercial vehicle industry has been found to
  be growing at a very fast rate
• The industry has shown potential for long-term
  growth, subject to the economy accelerating to
  78 GDP growth per annum
• Also the Government expediting policies that are
  in support with the growth of manufacturing and
  infrastructure development

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What does the future of Commercial Vehicle
Industry hold?

• The fundamental drivers of the industry have not
  changed their ways
• Seems that the key stakeholders will need to
  re-calibrate their strategies to be in more in
  tune with a market that has can be seen shifting
  into a lower gear
• After experiencing an appreciable amount of
  growth of over 30 during 2009-10 and 2010-11,
  the toughness of the domestic Commercial Vehicle
  industry can be seen to be diminishing

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Condition of Commercial Vehicle Industry in India

• The worlds third largest truck and bus market,
  India can be seen increasingly as an upcoming hot
  spot with growth opportunities for some of the
  biggest global commercial vehicles manufacturers
• The commercial vehicle segment in India has shown
  an amazing recovery even after withstanding what
  could be called as one of the biggest global
  economic crisis

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• With the economic revival and increasing private
  sector firms spending on infrastructure and
  facilities, the expected growth in the segment of
  commercial vehicles will continue

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