Truck, bus sales show signs of economic recovery
The domestic sales of buses had increased by massive 13.7% in 2015-16 compared to only a 0.17% growth in 2014-15.
Commercial vehicle sales in India, trucks and buses, have grown by 9.2% in the last fiscal, Society of Indian Automobile Manufacturers (SIAM) data showed.
Total production of buses has increased by 11.16% in 2014-15 from 2013-14. Production grew by another 9.2% in the following year.
“Government whenever needed, interact with the Indian Automobile Industry for the promotion of Auto Sector. Department of Heavy Industry is working on the Automotive Mission Plan 2016-26 to help the industry grow and foster in the next ten years of the plan period,” said the Minister of State (MoS) in the Ministry of Heavy Industries and Public Enterprises Babul Supriyo in written reply to a question in the Lok Sabha.