Auto: CV Industry to be driven by multple drivers

LKP Research | Dec. 24, 2018, 11:21 a.m.

Post a lull observed afer the DeMon, BS IV and GST implementatons, CV industry took a U turn and bounced back with healthy growth rates close to 25-30%. By the end of FY 18, the CV industry grew at a growth rate of 19.4%, while by 7M YTD FY19, it has grown by 42%, and is expected to end the year with at least 15-20% growth. Despite the short term trend of slight weakening of CV sales on the back of liquidity crunch, rising interest rates and fuel costs, we believe the long term trend is intact. With infrastructure actvites gathering steam across India, especially in the metros and A cites, demand for trucks is expected to remain buoyant.

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