Demand Outlook for M&HCV in India by 2025; New Report Launched
After a prolonged period of lull, M&HCV manufacturers are cheering the revival in mojo on the demand front which promises to soon touch the peak production volumes of ~390,000 seen in 2011-12 breached in next 1-2 years. As indicated in the graph below, there is a very strong co-relation between GDP and M&HCV growth, as a result of which uptick in economic activity has led to strong revival in M&HCV industry. There is a huge tail wind that the sector...
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