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E-tail boosts medium trucks in FY20

CHENNAI: At a time when all of the commercial vehicle market is caught within the gradual lane, the only section that continues to turn some hope is the medium and intermediate truck class. This has grown in April-May, even as heavy obligation truck sales have been down 25%.

The sales sentiment within the growing section is being pushed via the buoyancy within the e-commerce market, say truck firms. As a outcome, they're launching new products with bells and whistles to faucet this call for. Tata Motors introduced Intra a couple of days ago, and Volvo Eicher Commercial Vehicles (VECV) introduced its Pro 2000 light-duty on Monday. Daimler India Commercial Vehicles (DICV), too, has indicated it's focusing consideration at the e-commerce market.

VECV MD & CEO Vinod Aggarwal stated, “The 5-11 tonne light-duty vans are being used by the e-commerce section for within-the-city and last-mile connectivity. The logistics necessities for this truck section continues to be much better since the change in axle load norms didn't have an effect on the medium and lightweight vans. That’s why the slowdown is far much less on this tonnage and in April-May it actually grew a bit of.”

Data from the Society of Indian Automobile Manufacturers (SIAM) displays heavy obligation truck sales dropped 25% year-on-year in This fall of 2019. In contrast, the sunshine and medium sales drop was once handiest nine% (see graphic).

DICV MD & CEO Satyakam Arya stated, “BharatBenz has several tailored medium and heavy obligation products effectively working in buyer fleets since 2018, and we're continuing to extend our answers for the e-commerce section.”

Tata Motors president (commercial automobiles business unit) Girish Wagh stated, “Intermediate and lightweight CVs have achieved well, though sales enlargement has dropped in yr’s 2d half due to the prime base effect. Small CVs are growing, however it's tapered down.”

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