- Domestic CV industry growth has moderated from 11.5% in FY 2016 to 3.5% in 11m FY 2017
- M&HCV (Truck): Likely to witness 6-8% growth in FY 2018 vis-à-vis flat sales in FY 2017
- LCV (Trucks): Replacement cycle + consumption-driven sectors to drive 7-8% growth in FY 2018
- Buses: Stable demand from most segments will result in 5-7% growth in FY 2018 according to ICRA
- OPBDIT margins of CV OEMs to remain under pressure in FY 2018
Please find attached herewith the entire report: