Narendra Modi's Washington test

Narendra Modi's Washington test

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Small banks or banks for ‘small’ people?

Small banks or banks for ‘small’ people?

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Dip in discounts, rise in rentals signal truck market turnaround

Apr 09 2014, 01:48 IST
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A calibration of production levels by the manufacturers could also be one of the reasons. Reuters A calibration of production levels by the manufacturers could also be one of the reasons. Reuters
SummaryAfter hitting rock-bottom in the last two years, truck sales may be troughing out, prompting manufacturers to cut discounts.

sales will take time to stabilise; so even if the CV market improves by about 10% in FY15, it could take two more years before it regains the peak of 8.09 lakh units that it touched in FY12. Total CV volumes(including LCVs) fell 2% in FY13 to 7.93 lakh units and slipped a further 20% in FY14 to 6.4 lakh units.

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