 "Utility vehicle sales skid in Delhi")
Truck sales are expected to decline in 2017-18 on a slowdown in replacement demand, weak industrial activity, rising diesel prices and overcapacity, according to India Ratings.
The decline in medium and heavy commercial vehicle (MHCV) sales in April-December 2016 is 2 per cent, year on year. Sales in January rose 1 per cent in anticipation of the implementation of the BS-IV emission standard, which will increase vehicle costs by 9-10 per cent.
India Ratings said replacement demand, a key driver for truck sales in 2015-16 and 2014-15, had been depleted. Given continued industrial uncertainty, the agency said haulage
The decline in medium and heavy commercial vehicle (MHCV) sales in April-December 2016 is 2 per cent, year on year. Sales in January rose 1 per cent in anticipation of the implementation of the BS-IV emission standard, which will increase vehicle costs by 9-10 per cent.
India Ratings said replacement demand, a key driver for truck sales in 2015-16 and 2014-15, had been depleted. Given continued industrial uncertainty, the agency said haulage
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