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Indian commercial vehicles are enjoying a rising acceptance in the SAARC region, the Middle East and in the African continent.The Indian auto industry is one of the largest in the world with an annual production of 21.48 million vehicles in FY 2013-14.Sales of commercial vehicles in India grew 5.3 per cent to 52,481 units in January 2015 from a year ago .
To deal with this increase in demand, established OEMs are investing in plant expansions across India currently and new entrants are quickly developing their own plants to achieve their piece of the pie.The steady development in Commercial Vehicles Industry has lead to cutthroat rivalry among the various Commercial Vehicles Manufacturers in India. To survive in the competitive market every CV manufacturer is coming up with something new yet affordable to meet the Indian market requirement.
The 5th Annual India Commercial Vehicle Summit will bring together OEMs, Government Officials, Associations Auto Suppliers and Institutions to discuss the issues India is currently facing and to foster communications that will allow India to rightfully take its place as a major international automotive hub.