Sales volume of multi-axle vehicles is expected to recover in FY2015 from the slowdown it has seen in the last two years.
In FY2014, total domestic sales stood at units.
This number is expected to rise to units in FY2020, at a CAGR of %.
40T GCW tractor trailer segment is currently generating demand for hp– hp range which is expected to increase slightly by % to % in the next years.
GVW and GVW product offering are key configurations in rigid body carriers wherein horsepower utility is heavily concentrated to hp engine. This is expected to shift slightly by % in the next years.
About this report
The study provides a comprehensive analysis of the axles market in India—specifically, axles that find applications in multi-axle vehicles which have end usage in heavy goods transportation either as a rigid body or in tractor trailer applications. Increasing investments in the infrastructure segment and increasing industrialization has created a high demand for multi-axle heavy vehicles in India. The study provides a detailed analysis of axle manufacturers and suppliers in the Indian CV market space. The study will also discuss the end-user applications which have created the need for multi-axle vehicles in India.
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