Industry estimates put the proportion of FBVs sold by truck manufacturers at 20 per cent and this is set to grow to 40 per cent. Subrata Ray, senior group vice-president, ICRA, said with Tata Motors and Ashok Leyland focussing on this segment, the share of FBVs could rise to 40 per cent over the next few years.
FBVs are ready-to-use commercial vehicles customised for the type