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

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DRIVING TRUCK IN INDIA IS NOW COOL!!

ImageSource - http://in.tataprima.com/

Under motor vehicle act, Government amends it mandatory for manufacturers to fit AC’s in the driver’s cabin of all new trucks sold from 1 April 2017.

In India truck drivers spend long hours in long-distance hauling even in adverse environmental condition like extreme cold or extreme heat, which is quite a tiresome job. But with AC being mandatory in all the trucks, drivers can now take a sigh of some relief along. As “Air-conditioning in trucks is not a comfort or a luxury feature but a feature that can prevent many serious road accidents, while making drivers cover more kilometers with less or no driver fatigue & more comfort & attention on road.

Government is remarkably taking all the necessary steps for the betterment of Road Transport in India while keeping in mind the health & comfort of commercial vehicle drivers. It perhaps is one of those conscious efforts that govt. is taking to make India a developed country as soon as possible while making it possible to attain some degree of physical comfort for  people engaged in a punishing profession of carrying cargo year-round in often harsh weather and terrain.

With AC coming in all the Truck cabins, government is looking forward to remove the misconception that AC leads to additional fuel consumption, as fact is that Non-AC Automotives weather heavy or light are driven with open windows, which results in extra fuel consumption because of all the wind coming in and its drag.

According to the research and direct comparison this has been proven that efficient AC Trucks provide better mileage, thereby providing overall profitability for truck customers.

Under Motor Transport Workers Act, 1961, government also guarantees a minimum wage of Rs14, 500 per month (in Delhi) along with provident fund, gratuity and medical services, as Truck Drivers  affect the Indian National Economy directly and there health & working condition is the topic of major concern.

Sameer Malhotra (CEO, Shriram Automall) added “I am glad to see all the major steps government is taking for improving work condition of truck drivers in India, as these people work hard day in and day out to meet deadlines of importing & exporting goods. This move will also put truck manufacturers in a fix to produce Trucks only with built in AC & according to Bharat Stage IV emission norms”

If you are looking for a place to buy or sell used vehicle, you are on the right page as Shriram Automall India Limited (SAMIL), provides used vehicles & equipment of every make & model in its Automalls unfurled in every corner of the country. You can even go through their inventory at the comfort of your home by downloading “MY SAMILAPP” or by visiting your nearby Automall to experience their innovative bidding platforms & services in person, or simply click the link below to register yourself and you are all set to go.

https://goo.gl/TRchZK

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