BWI: RNCOS Studies: Growth in LCVs Driving Indian Commercial Vehicle Market

Press release from Business Wire India
Source: RNCOS
Tuesday, February 21, 2012 05:12 PM IST (11:42 AM GMT)
Editors: General: Consumer interest; Business: Automotives, Business services, Construction, Heavy industries; Automotive
--------------------------------------------------
RNCOS Studies: Growth in LCVs Driving Indian Commercial Vehicle Market


Noida, Uttar Pradesh, India, Tuesday, February 21, 2012 -- (Business Wire India) -- The commercial vehicles market is growing in India on account of strong economic growth, infrastructure development and easy availability of finance. According to a research, carried out by RNCOS recently, the emergence of hub-and-spoke model in transportation is driving the Indian commercial vehicle industry, wherein each market segment is likely to continue posting robust growth in the coming years. However, it is being expected that the growth in medium and heavy commercial vehicles will slow down, while light commercial vehicle segment will grow steadily to dominate the Indian CV industry after three-wheelers. The report anticipates that the LCV goods carriers will register a sales growth of around 20% during FY 2012-2015.

Research Analysis & Highlights

The report, "India Commercial Vehicle Market Analysis" is spread over 75 pages and provides an in-depth research and rational analysis of the commercial vehicle industry in India. The study facilitates detailed information on production, sales, exports and key players for each segment. It also covers emerging market trends, recent developments, and competitive landscape to help clients understand the market structure, its dynamics and progress in the coming years. The technological developments have been studied specifically and carefully in the comprehensive research to portray the industry's clear picture to every investor or player who is looking to enter the market.

Some of the key findings of the report are:

- Infrastructure development is fueling growth in the commercial vehicle market.
- Fuel technology is changing the face of the market.
- SCVs' growing popularity will boost the industry.
- Growing demand for commercial vehicles is strengthening the Indian CV tyre industry.
- Growth in the industry will eventually extend to the used commercial vehicle market.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM259.htm

Some of our Related Reports are:

- Two-wheeler Market in India
- Used Car Market in India
- India CNG Vehicle Market Analysis
- Indian Tyre Industry Analysis
- Vietnam Automobile Forecast 2014

Check Related REPORTS on: http://www.rncos.com/Transportation.htm

A brief about us:

RNCOS is a business research and industry analysis company that publishes analytical market intelligence reports required to make fact-based strategic decisions. The reports enable customers in taking informed decisions on entering new markets, launching and enhancing products, making acquisitions or strategic investments, unseating competitors and more.


CONTACT DETAILS
Sara Mathews, RNCOS, +91 (20) 4224700, marketing@rncos.com

KEYWORDS
CONSUMER, AUTOMOTIVE, BUSINESS SERVICES, CONSTRUCTION, HEAVY INDUSTRIES, AUTOMOTIVE

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com