Automobiles

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Heavy Commercial Vehicles

Heavy Commercial Vehicles are now seen as a place of new opportunities and this is due to the fact of advanced and boosted networks and infrastructure.
The export of Heavy Commercial Vehicles is in its highest whirl from Indian manufactures battling with International competitors. With the appealing budget, many foreign investors are focusing on the Indian Market. Since, a precise decision is to be taken while bringing up the something new in the market because Heavy Commercial Vehicles is a key player in the export budget in an Indian Economy. Since 1998, it has been observed that passenger vehicles get more recognition in comparison to the other Commercial vehicles and an increasing trend is been followed.
The total sales of medium and heavy commercial vehicles counted in 2000 were 15906 units as comparing with 12,949 units in 1998; light commercial vehicles with the raise from 6931 units in 1998 to 8642 units in 2000 and MUV with the increasing trend from 13400 units in 1998 to 17194 units in 2000. MNCs had started making contact with the Foreign Direct Investment in 2002 and thus, making India a happening land. According to the survey of Economics Department, Automobile sector has increased up to 15% with the Commercial Vehicles coming as 10%. The gain in profit is felt by Indian Manufacturers but they too did a hard work to bring such change in the economy.



Some of the models launched by the leading companies are:
  1. Ashok Leyland: Cargo 1614, Cargo 1512, Cargo 909, Hippo Tripper, Hippo Haulage, Taurus Tripper, Coal Carrier, Titan Double Decker, Cruiser Luxury Coach, Panther, Viking/ Cheetah, Viking Super CNG, Vestibule Bus and these HCVs gross weight ranges from 15000kg to 40000 kg.
  2. Tata Motors: LPT 1613, LPT 2213, LPT 4021TC, 2561TC, LP 1312TC/59, LP 1312TC, LP 1319/59 RE, LPO 1510, SK 1613 and SE 1613.
  3. Others: Eicher 10.90, Volvo FH12/420, Swaraj Mazda Super ZT 54



Some of the listed Heavy Commercial Vehicle Accessories are:
  • Seat Covers : They cover from dirt or unwanted material and scratches and marks and also serve as style statement.
  • Roof Racks : They are used for storage purposes.
  • Tool Boxes : They are used to store the important gadgets and instruments for the tiniest repairs.
  • Window Grilles : Various designs are available for HCVs.
  • Ladders : They are made up of steel or iron and aluminium.

Since, the demand of Heavy Commercial Vehicle is sky reaching, so is the demands of Loans and Financier Financiers. Banking organizations such as ICICI bank, HDFC bank, Standard Chartered bank and Kotak Mahindra Bank working under privates sector and Union Bank of India and State Bank of India in public sectors transpired as a Multi Utility Vehicle Financiers. Finances are generally drifted to 85% of the vehicle amount, but it can vary in some cases. 2.5% of a loan amount acts as a service charge and in case of prepayment, 4% of the principal gets balanced with the borrower.