According to the company, improving fleet utilisations, pick-up in road construction projects and increase in cement consumption catalysed the demand recovery for medium and heavy commercial vehicles (MHCVs).
A recovery in medium and heavy commercial vehicle (MHCV) from multi-year lows, along with sustained growth in light CV (LCV) categories, will help overall CV volume reach close to one million units by the financial year 2023-2024 (FY24) - the level of the last cyclical peak recorded in the f
Mumbai (Maharashtra) [India], December 28 (ANI): The sales of domestic commercial vehicles (CVs) could take longer to recover than expected despite improving macro-economic indicators like the index of industrial production, the output of core industries and fuel consumption, India Ratings a
Mumbai (Maharashtra) [India] August 14 (ANI/NewsVoir): Setco Automotive Ltd, the largest manufacturer of clutches for Medium and Heavy Commercial Vehicles (MHCV) in India, announced its financial result for the first quarter (Q1 FY20) ended June 30, 2019.