In FY18, Commercial Vehicles to Record Highest Ever Sales

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: https://goo.gl/BMpnCf