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Commercial Vehicles: Despite the trials and tribulations in the commercial transportation sector, hope emerges through technological interventions and collective efforts. From advanced tracking systems to supply chain optimization, the industry is poised to leverage technological innovation for safety and sustainability, speakers at the recent Economic Times CV and Logistics Conclave held in Mumbai. ....
CV Sales: November was a tepid month for commercial vehicle sales with just 2% growth compared to November 2022, and a 19% drop vs. October 2023. A few major trends have been driving sales in the CV industry this year. A combination of near-term challenges and opportunities will determine the growth of the industry in the last 4 months of the current financial year. while the short-term outlook may not be transparent, the long-term outlook for the CV segment looks strong. A combination of world class products, ongoing reforms, focus on infrastructure and the country’s growth will drive the CV segment to new highs in the next few years. ....