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On The Roll

The OTR tyre market is forecasted to reach 15 million units by 2023, growing at a CAGR of 9.05 per cent in volume terms.

Vehicle Modernisation Programme to boost CV sales

According to a CRISIL Research report, the Voluntary-Vehicle Modernisation Programme (V-VMP) announced by the Ministry of Road Transport & Highways can boost commercial vehicle (CV) sales volume by a cumulative 65 per cent (over sales in fiscal 2016) between fiscals 2018 and 2020.

Bauma is an important platform for the industry

Basis various industry reports, In FY16, the disbursement in the construction equipment financing (CEF) industry was Rs 243 billion, down about 5 per cent from Rs 255 billion in FY15. However, In FY17, the CEF industry is expected to have a turnaround and grow about +5 per cent (from -5 per cent in FY 16) and grow about 15 per cent in FY18.

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