Auto section : Which segment can lead the sales in future?
Answered here, make sure you drop a like too🤗
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Answered here, make sure you drop a like too🤗
#StockMarket #StockMarkets #Stocks #Autos
(1/5)
Following the great traction in passenger vehicles, next in line might be commercial vehicles (CVs) to lead the auto industry sales.
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Pandemic restricted cargo mobility but now, demand for Light commercial vehicles or LCVs (largest segment in auto segment) is picking up boosted by FMCG, e-commerce & logistics sectors.
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Currently, freight transport in India is mainly dominated by roadways. Pickup vehicles are highly suitable for bulk transport. India has a good room for growth in this segment due to boom in urbanisation, e-commerce, construction & infra sectors.
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Tata Motors leads the commercial vehicle OEM segment with 40.17% market share followed by M&M & Ashok Leyland with 24.54% & 15.84% share respectively.
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