Heavy Commercial Vehicles HCV Statistics

The automotive industry in India has been growing impressively in the last two decades. Due to the liberalization policies implemented by the government, the automotive industry has emerged as one of the fastest growing industries in the country. A number of global automobile companies have set up their marketing hubs in India following the trend of surging demand of vehicles in the nation. Its not only in the sector of passenger cars and auto components that the various firms have earned huge revenue but they have also substantially increased their profit margins in the sector of heavy commercial vehicles or HCVs.

With more roads being constructed and more industries being set up, the demand of the heavy commercial vehicles is supposed to grow at a very fast pace. At present, the automobile companies, like: Tata Motors, Ashok Leyland, Eicher Motors and Swaraj Mazda dominate the market of HCVs. Heavy commercial vehicle statistics suggests that the production of these vehicles in India is witnessing a decent growth.
Production trend of heavy commercial vehicles in India from 2005 to 2008:

Rapid urbanization in the various cities of the country has even increased the demand of the heavy commercial vehicles. It is believed that the auto financiers have also played a commendable role in the surging growth of domestic sale of the HCVs. By going through the heavy commercial vehicle statistics you would get a better insight about the present status of domestic sales of these vehicles in India.

Domestic sales trend of heavy commercial vehicle in India , from 2005 to 2008:

Heavy commercial vehicle statistics suggest that the export of these vehicles have also grown considerably in the recent years. The various HCV manufacturers are now eying to tap the market in the overseas and thus enhance their business.

Export trend of heavy commercial vehicles in India , from 2005 to2008:

To know more about heavy commercial vehicles and matters related to automobile, browse through the pages of automobileindia.com.