Truck sales drop 9% in Jan: IFTRTBS Reporter / New Delhi February 06, 2008According to latest estimates released by the Indian Foundation of Transport Research and Training (IFTRT), truck sales have dropped 9.3% in January this year.Despite a sales spike in the October-December quarter, overall sales have slackened for the 10 month period between April '07 and January '08.While industry forecasts estimated growth in the light to heavy vehicle category for 2007-08 between 10- 15% as against the robust 20 - 25 % (CAGR) logged over the last 6 years, sales growth of trucks in all categories, barring intermediate vehicles, have halted this fiscal up to January 08 and is expected to remain so for the last 2 months of CY0708Industry veterans explain this slowdown to a host of reasons. Despite the country
