• Sensex76913.5-582.86(-0.75%)
  • Nifty23997.55-180.1(-0.74%)
  • USDINR94.790.27(0.28%)
Online tarding Partner With Us
BSE Prices delayed by 5 minutes ! Prices as on   Apr 30, 2026   ABB India 7229.05 [ -0.49% ]ACC 1422.65 [ -0.97% ]Ambuja Cements 444.5 [ -2.28% ]Asian Paints 2444.6 [ -0.11% ]Axis Bank 1267.7 [ -2.14% ]Bajaj Auto 9997.75 [ 4.78% ]Bank of Baroda 263.5 [ -1.77% ]Bharti Airtel 1886.05 [ -0.10% ]Bharat Heavy 352.4 [ 2.31% ]Bharat Petroleum 300.45 [ -1.15% ]Britannia Industries 5725.9 [ 0.28% ]Cipla 1309.9 [ -0.51% ]Coal India 481.35 [ 0.35% ]Colgate Palm 2096.75 [ -1.66% ]Dabur India 441.5 [ -3.18% ]DLF 587.15 [ -1.15% ]Dr. Reddy's Lab. 1322.95 [ -0.54% ]GAIL (India) 163.4 [ -1.39% ]Grasim Industries 2792.6 [ -0.34% ]HCL Technologies 1198.95 [ -0.06% ]HDFC Bank 771.2 [ -0.98% ]Hero MotoCorp 5100.45 [ -0.22% ]Hindustan Unilever 2250.6 [ -2.70% ]Hindalco Industries 1037.3 [ -2.82% ]ICICI Bank 1262.75 [ -1.39% ]Indian Hotels Co. 635.75 [ -1.32% ]IndusInd Bank 915.55 [ 0.21% ]Infosys 1181.5 [ 1.20% ]ITC 314.95 [ -0.40% ]Jindal Steel 1223.85 [ -0.40% ]Kotak Mahindra Bank 382.65 [ 0.28% ]L&T 4012.65 [ -2.03% ]Lupin 2303.7 [ -0.31% ]Mahi. & Mahi 3096.9 [ -1.71% ]Maruti Suzuki India 13312.85 [ 0.40% ]MTNL 31.18 [ -0.83% ]Nestle India 1457.8 [ -0.57% ]NIIT 69.82 [ -1.29% ]NMDC 90.33 [ -1.57% ]NTPC 399.15 [ -0.50% ]ONGC 299.35 [ -0.65% ]Punj. NationlBak 109.35 [ -1.62% ]Power Grid Corpn. 318.25 [ -0.66% ]Reliance Industries 1430.85 [ 0.33% ]SBI 1068 [ -1.69% ]Vedanta 271.6 [ -64.88% ]Shipping Corpn. 304.9 [ -0.93% ]Sun Pharmaceutical 1808.2 [ 1.64% ]Tata Chemicals 809.45 [ 1.14% ]Tata Consumer 1144.45 [ -2.02% ]Tata Motors Passenge 341.6 [ -3.05% ]Tata Steel 211.3 [ -2.13% ]Tata Power Co. 444.55 [ -1.60% ]Tata Consult. Serv. 2473.5 [ 0.01% ]Tech Mahindra 1474.05 [ 0.95% ]UltraTech Cement 11582.8 [ -2.08% ]United Spirits 1325.4 [ -2.72% ]Wipro 200.65 [ -0.02% ]Zee Entertainment 89.78 [ -0.75% ]
BSE

MARKETS

News Details

( As on 09/06/2010 00:00)

Commercial vehicle sales expected to rise 15-25%

The Commercial Vehicle (CV) segment in India is likely to surge around 15-25 % in the current financial year (2010-11).

The growth would be mainly driven by the increased focus on infrastructure growth and the forecast of normal monsoons in the current financial year.

This surge in the sales of CV would help ensure a new peak of more than 600,000 unit sales.

Besides, a considerable surge is expected in the Medium and Heavy CV (M&HCV) category (7.5 tonne and above), which is still to reach the earlier sales record of 2006-07, which was pegged at 275,556 units.

Mr. V G Ramakrishna, Senior Director of Frost & Sullivan has said that after a recovery registered in the last financial year, this year the CV industry is likely to increase at 25 % and would enter the stabilization phase, as finance continues to be readily available and the cost of funds is still relatively low vis-…-vis earlier levels.

As per the Society of Indian Automobile Manufacturers, in 2009-10, the M&HCV segment has recorded 33.5 % growth at 245,058 units, total CV sales went up by 38.3 % to 531,395 units. At an estimated 25 % growth, the M&HCV segment is expected at about 306,000 units, total CV sales would be about 664,000 units in 2010-11.

Mr. Vinod Aggarwal, CFO of VE Commercial Vehicles has said the exceedingly good growth in the manufacturing sector and a normal forecast for the monsoon will ensure the CV industry will cover all the lost ground and may end the current financial year at a new peak across all sub-segments.

During 2008-09 financial year, the CV sales declined by 21.7 % at 384,122 units. However, the Centre's intervention in last financial year through stimulus measures and enhanced spending on infrastructure helped the sector to renew.

However, if the overall economy continues to grow at a buoyant pace, the growth force of the current financial year is expected to sustain over the next 2 years.

Mr. R Seshasayee, MD of Ashok Leyland has said that the demand for CV is inter-related to the economy and since the economy is expected to grow at around 8 %, the country may achieve a minimum growth of 15 % in demand for CVs in this year and similar growths in the next 2-3 years.