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Poised for growth

With the mining segment getting government support in a big way, the truck and tipper segment will witness growing demand in the days to come.

Saraswat of Ashok Leyland: Tipper market will grow over next few years

Sanjay Saraswat, Head – MHCV, Ashok Leyland, on how the market is progressing for tipper trucks and dump trucks.

Tipper market is projected to grow at good pace over next few years”

The tipper market is projected to grow at a good pace over the next few years, owing to increasing number of infrastructure projects and availability of easy financing options offered by financial institutions.

Adaptability and agility are our core strengths

Gagandeep Singh Gandhok, Senior Vice President – HD Truck Business, VECV, shares his views on the market scenario and the company’s plans.

We expect to see a positive turn in volumes

Tata Motors has been at the forefront of constantly innovating and defining the market with new technologies and categories.

Gaining Momentum

Tipper market is expected to bounce back in the coming years with the demand picking up steadily in road construction and mining.

Riding on infra push

Pick-up in infrastructure spending and construction activities is expected to drive the demand for tipper trucks in the coming years.

We expect good growth in HD truck segment

The mining and construction segments account for around 30 per cent of total heavy-duty (HD) truck market in India. But the segments have been facing tough times for the last 2-3 years.

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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