Following a lengthy downturn, India’s light vehicle (LV) and heavy commercial vehicle (HCV) markets have begun to pick up. Indian LV demand in 2014 grew by 1% to 2.9 million units, following an almost 7% decline in 2013.
Speaking during a recent Automotive World webinar, India’s new vehicle market: Prospects to 2019, Jonathon Storey, Director, Automotive Reports addressed potential trends that could arise from India’s resurgent light vehicle market.
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