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Auto March 2018 sales review – CV and tractors segment continues to zoom

Focus on rural economy in an election year and continued investment in infrastructure should boost CV and tractor segments going forward.

April 03, 2018 / 04:40 PM IST

Nitin AgrawalMoneycontrol Research

Auto players continued to clock strong growth in sales volume in the month of March 2018. Segment-wise performance continued to be robust for commercial vehicle (CV) and tractors on the back of good monsoon, improved rural sentiments and increased production of BS-IV compliant vehicles. Additionally, there has been a revival in three-wheeler sales following government’s decision to end Permit Raj, and a pick-up in exports on the back of improving global climate.

Focus on rural economy in an election year and continued investment in infrastructure should boost CV and tractor segments going forward. Stronger numbers from two-wheeler companies is an early trend and could get some additional support if the revival of rural economy gathers momentum in the coming months.


Commercial Vehicle (CV) – Strong showThe commercial sector has bounced back strongly after initial disruption from demonetisation and the BS-IV transition affected the transport industry last year.