From the base effect point of view, if one looks at year-to-date (YTD) data, it is encouraging for the industry, the 3.5 tonnes to 55 tonnes, which has grown over 60 percent.
Mahindra Trucks and Buses Ltd on June 14 said it will relook into its bus business strategy after a year or two once the company implements the ongoing Rs 700 crore project to rollout ICV (intermediate commercial vehicle) and more LCV products besides doubling marketshare in HCVs.