While the domestic auto industry seems to be on the recovery path on paper, the entire industry, barring the motorcycle segment, is faced with an acute problem of over-capacity. Overall, personal vehicles seem to have done much better than commercial vehicles and tractors.
In terms of capacity utilisation, the only exception is the two-wheeler industry where the top companies have achieved a capacity utilisation of over 100 per cent during the April-July period.
In the commercial vehicle (CV) segment, both the leading domestic players
