Commercial vehicle makers bullish on fully built trucks, buses

Companies expected the share of FBVs to rise from 20% currently, to 40% in next few years

Ashok Leyland and Tata Motors expect demand for fully built vehicles (FBVs) to grow as legislation mandating manufacturers to build safer commercial vehicles, including safer cabins for drivers, is in the pipeline.
 
Industry estimates put the proportion of FBVs sold by truck manufacturers at 20 per cent and this is set to grow to 40 per cent. Subrata Ray, senior group vice-president, ICRA, said with Tata Motors and Ashok Leyland focussing on this segment, the share of FBVs could rise to 40 per cent over the next few years.
 
FBVs are ready-to-use commercial vehicles customised for the type