Truck sales enter slow lane as replacement demand wears off3 min read 11 Jul 2016, 01:19 AM IST
Sales of medium and heavy commercial vehicles expanded 21.5% in April and May as compared with 30% in March and 22.4% in the December quarter
Mumbai: After expanding briskly for nearly two years, sales of medium and heavy-duty trucks are moderating as replacement demand, one of the key drivers of growth so far, starts to wear off. Weak freight rates and lower demand for cargo trucks too have dented volumes.
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