GST turbocharges truck demand as CV makers double sales growth targets
By
, ET Bureau
Synopsis
Commercial vehicle sales growth projections have been sharply revised upwards by manufacturers. Demand in the first five months far outstripped early estimates, surprising industry executives. Several senior executives now expect sales to grow ten to fifteen percent this fiscal. This upgrade follows strong sales growth, with August seeing forty percent increases. Industry stakeholders expect momentum to sustain through the rest of the fiscal year.