Commercial Vehicles (CVs), domestic
sales are set to create another milestone amid FY 2017-18. They will cross
their prior pinnacle of 809,499 units sold in FY 2011-12.
The FY18 is to beat this record by more than 20,000-30,000
units, as the 11-month (April-February 2017-18) period has officially
experienced sales of 747,774 units.
Amid the month of February 2018, sales
of aggregate CVs were witnessed to be at 87,777 units. According to the sales
trend, March being the last month of FY18 is to encounter the most astounding
sales amid the year.
Henceforth, the March sales of CVs are relied upon to be
more than 90,000 units that will empower add up to deals to cross the FY12 top
by a substantial edge.
Recovering economy and upcoming infrastructure projects have
supported sales of medium and heavy commercial vehicles (MHCV). Two back to
back years of monsoon and a steady premium administration have prompted bigger loan
requests for purchasing light commercial vehicles (LCV) in semi-urban and rural
markets.
This has driven the establishment for the larger no. of
sales amid March 2018.
Also, before the FY closes, purchasers tend to spend their
money on acquiring vehicles, which qualifies them to claim commercial venture
depreciation on the vehicles purchased during the full year to the tune of
30-40 per cent of the vehicle value. This boosts their income/ revenue.
In addition, many companies offer rebates amid the last month
of financial year so as to meet their yearly targets.
Below is the Commercial Vehicle's Sales Trend:
So March is expected to see a spurt in buying activity, post
which April will see a subdued market.
Since ratio of used commercial
vehicles to that of the new commercial vehicles is 1:1. Used commercial vehicle
segment is witnessing a robust demand as well. Shriram Automall India Limited(SAMIL) the No.1 Used Vehicle and Equipment Provider in India, through its
extensive line up is the leading service provider.
So, to acquire a used commercial
vehicle which will speak for your business, visit your nearby Automall today.
You can also click the link below and register yourself.
Link: www.samil.in
Download MySAMIL App:
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