Excess truck fleet capacity to extend medium and heavy truck segment recovery cycle: India Ratings

The rating agency says while medium & heavy commercial vehicle (MHCV) sales are unlikely to recover before fourth quarter of next financial year, that of the light commercial vehicles (LCVs) have started to recover as they provide the last mile connectivity and because of increased e-commerce activities.

from Auto-Industry-Economic Times https://ift.tt/3ruxfgS