Post coronavirus lockdown, likely surge in demand may be led by SCVs & LCVs

After the lockdown lull, used commercial vehicle (CV) sales are set to bounce back, led by small commercial vehicles (SCVs) and light commercial vehicles (LCVs), while medium and heavy commercial vehicles (M&HCVs) may take time to see traction.

This comes against the backdrop of the rural economy opening up and demand for movement of essential commodities increasing, which are pushing up freight rates. According to industry representatives, demand is set to come mainly from owner-cum-drivers.

The development comes amid the current crisis, which has been described as the worst in a century. Reports said over half of the 35 lakh drivers of