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After a decline in
the past three years, the light commercial vehicle segment (LCV), consisting of
the sub 3.5 tone vehicles, has resumed its strong growth. The factors that
aided the demand for the segment were growth in replacement demand, improved
financing and recovery in rural demand.
Also, through increased thrust on
infrastructure and rural sectors in the recent Budget, potential implementation
of fleet modernization or Scrappage program and higher demand from
consumption-driven sectors, especially for LCVs and intermediate commercial
vehicles (ICVs), commercial vehicles have found their momentum back.
Further investments in e-commerce
segment are driving demand for last mile transportation requirements and
accordingly light commercial vehicles. These factors along with the favorable
monsoon and a better crop harvest have supported demand recovery from the rural
areas as well, which is a fairly sizeable market for small trucks. The SCV
segment is expected to grow in the range of 14-16 per cent in volume terms in
the current fiscal.
During April-October 2017 period,
total LCV sales grew by 19% at 218,602 units as compared to 183,611 units in April-October
2016. In the same, mini-trucks (Tata Ace segment) grew by 22% at 80,150 units
(65,700 units), while pick-ups (above 1-tonne payload vehicles) reported a
growth of 17% at 138,452 units (117,911 units).
Since ratio of used commercial
vehicles to that of the new commercial vehicles is 1:1. Shriram Automall IndiaLimited (SAMIL) the No.1 Used Vehicle and Equipment Provider in India is witnessing
a robust demand for used light commercial vehicle as well.
Company through its extensive
line up, serve every type of used vehicle and equipment demand in the country,
thereby is the leading service provider.
While providing deals for every
pocket, company anticipate its customers demand and serve them the best. So
what are you waiting for? With easy finance facility along with other customer
oriented services, acquire your dream light commercial vehicle now!
Simply click the link below to
register yourself or to download MySAMIL App:
Download MySAMIL App: https://goo.gl/BMpnCf
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