Tapping into the burgeoning BFSI market
See Overview
The Consumer & Retail sector is growing rapidly and is extremely dynamic. Due to constant disruption, managing business has become complicated and cumbersome.
See Overview
Our healthcare and life sciences advisory team brings together a combined experience of over 50 years to help businesses navigate through changes, new...
See Overview
At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our...
See Overview
M&E practice encompasses team of dynamic professionals with deep technical knowledge and extensive experience of working across segments say television, print,...
See Overview
Tailored service offerings to Not for Profit organisations and CSR compliance services for dynamic businesses
See Overview
At Grant Thornton, we assist dynamic Indian businesses in the Real Estate & Construction sector throughout their business life cycle by offering robust...
See Overview
The pandemic has resulted in a 20.77% y-o-y drop in CV sales during April 2020-March 2021
Contents
The commercial vehicle (CV) industry experienced the toughest periods in this decade due to cyclical and economic slowdown. In the last two years, regulatory changes in the axle-loading norms led to an increase in the freight carrying capacity of the sector, reducing incremental demand, especially in the medium and heavy commercial vehicle space.
Other challenges include:
- Decline in sales due to the COVID-19 pandemic
- The non-banking financial institution crisis
- Transition to Bharat Stage-VI
- Fall in demand as a result of the second wave of the pandemic
This edition of Auto Bytes features various challenges the industry is facing and ways to overcome these. Find out the top trends shaping the industry’s future in India.
Auto Bytes - May 2021
The pandemic has resulted in a 20.77% y-o-y drop in CV sales during April 2020-March 2021
