Growth in LCVs Driving Indian Commercial Vehicle Market

Backed by robust economy and increased spending on infrastructure development, the Indian commercial vehicles market has been growing at an unprecedented rate, says RNCOS latest research report.

Noida, India (prHWY.com) February 20, 2012 - The commercial vehicles market is growing in India on account of strong economic growth, infrastructure development and easy availability of finance. According to a research, carried out by RNCOS recently, the emergence of hub-and-spoke model in transportation is driving the Indian commercial vehicle industry, wherein each market segment is likely to continue posting robust growth in the coming years. However, it is being expected that the growth in medium and heavy commercial vehicles will slow down, while light commercial vehicle segment will grow steadily to dominate the Indian CV industry after three-wheelers. The report anticipates that the LCV goods carriers will register a sales growth of around 20% during FY 2012-2015.

Research Analysis & Highlights

The report, "India Commercial Vehicle Market Analysis" is spread over 75 pages and provides an in-depth research and rational analysis of the commercial vehicle industry in India. The study facilitates detailed information on production, sales, exports and key players for each segment. It also covers emerging market trends, recent developments, and competitive landscape to help clients understand the market structure, its dynamics and progress in the coming years. The technological developments have been studied specifically and carefully in the comprehensive research to portray the industry's clear picture to every investor or player who is looking to enter the market.

Some of the key findings of the report are:

- Infrastructure development is fueling growth in the commercial vehicle market.
- Fuel technology is changing the face of the market.
- SCVs' growing popularity will boost the industry.
- Growing demand for commercial vehicles is strengthening the Indian CV tyre industry.
- Growth in the industry will eventually extend to the used commercial vehicle market.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM259.htm

Some of our Related Reports are:

- Two-wheeler Market in India (http://www.rncos.com/Report/IM364.htm)
- Used Car Market in India (http://www.rncos.com/Report/IM360.htm)
- India CNG Vehicle Market Analysis (http://www.rncos.com/Report/IM359.htm)
- Indian Tyre Industry Analysis (http://www.rncos.com/Report/IM267.htm)
- Vietnam Automobile Forecast 2014 (http://www.rncos.com/Report/IM348.htm)

Check Related REPORTS on: http://www.rncos.com/Transportation.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

###

Tag Words: ashok leyland

Categories: Automotive

Press Release Contact
B-129, Sector 6 Noida - 201301
91-120-4224-700
91-120-4224-707

Link To This Press Release:

URL HTML Code