M&HCV (Truck) Industry to grow by 19-21% in FY16

#hashtags: #ICRA #HCV #Trucks #Gradual #ABS

ICRA expects the M&HCV (Trucks) industry to grow by 19-21 % in FY16 owing to improving viability for fleet operators, replacement-led demand (following two years of capacity deferral by fleet operators).  Gradual improvements in these factors, including pre-buying ahead of implementation of BS-IV emission norms and Anti-Lock Braking Systems (ABS), have reflected in 35.1% growth in M&HCV (Truck) segment in H1FY2016. ICRA’s channel check with a wide spectrum of fleet operators suggests...