Commercial Vehicle sales is indicating that cycle is turning now…
1. If one looks at the yearly sales of commercial vehicles, it can be interpreted that slowdown in commercial vehicles (CV) is a past story. CV sales actually bottomed out in CY14 itself, and CY15 can be understood as year of uptick.
2. In CY13, sales fell to 7.6 lakhs from the peak of 9 lakhs achieved in CY12. This fall continued in year CY14 as well with sales further reducing to 6.9 lakhs. In CY15, sales grew back to CY13 levels (7.5 lakhs).
3. Ashok Lelyand and Tata Motors are the 2 biggest player, with mkt share around 40% each.