Infrastructure, stricter implementation boost commercial vehicle sales

Sale of M&HCVs grew 42 per cent in the December quarter, up from 20 per cent in the September one

Recovery in the economy, greater infrastructure spending and stricter implementation of overloading norms have boosted sales, say makers of commercial vehicles (CVs).
 
After years of sluggish growth, there has been a steady uptick in these sales over recent months. At the aggregate level, sales grew 33.6 per cent in the December quarter of 2017-18, up from 21 per cent in the September quarter. In January alone, the segment grew a robust 39.7 per cent.
 
Both light CVs and the medium and heavy ones (M&HCVs) saw strong growth. Sale of M&HCVs grew 42 per cent in the December quarter,