Driven by economic growth, quality products CV sales to soar in the long term
November was a tepid month for commercial vehicle sales with just 2% growth compared to November 2022, and a 19% drop vs. October 2023. A few major trends have been driving sales in the CV industry this year. A combination of near-term challenges and opportunities will determine the growth of the industry in the last 4 months of the current financial year. while the short-term outlook may not be transparent, the long-term outlook for the CV segment looks strong. A combination of world class products, ongoing reforms, focus on infrastructure and the country’s growth will drive the CV segment to new highs in the next few years.
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