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Demand reviving for trucks and buses: Daimler India -N Anand

-The Hindu

Satyakam Arya, MD & CEO, Daimler India Commercial Vehicles (DICV) asserted that the sales of medium and heavy trucks and buses between January and August 2022 were seeing strong growth

The medium and heavy commercial vehicle (M&HCV) segment is likely to witness a 50% jump in sales volume during the calendar year 2022, following a revival in demand in the last couple of months, said Satyakam Arya, MD & CEO, Daimler India Commercial Vehicles (DICV).

“In the last eight months, the market is doing quite well. Thankfully, after a lull of three years, the market has started to grow and is also showing sustenance in growth,” he said.

Asserting that the sales of medium and heavy trucks and buses between January and August 2022 were seeing strong growth, he, however, said it was still short of the ‘peak’ sales of 2018.

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