Tata Motors as well as Mahindra & Mahindra rein the Light Commercial Vehicle (LCV) section in the Indian market.
Both the auto giants will have a fresh rival shortly and that too in the form of Maruti Suzuki India, the leading auto manufacturer in the domestic market.
Maruti Suzuki’s Omni Van did fulfill the needs as a cargo transporter but remained unsuccessful to make its essential mark in the section, owing to absence of a small diesel engine that the company has assured to build up.
As per reports, a 2 cylinder 800cubic centimeter diesel engine will shortly be witnessed on Maruti Suzuki’s new Light Commercial Vehicles that will probably make entry in the markets sometime between the years 2015 and 2017.
Maruti Suzuki India Limited (MSIL) refused to provide any info regarding the subject stating that they do not comment on their upcoming production proposals.
Meanwhile, Maruti Suzuki India Limited has declared a 12.45% growth in sales during the last month of this year.
After an optimistic festival period during the month of October, Maruti Suzuki India Limited sales in India as well as worldwide markets during the last month remained at 1,03,000 vehicle units whereas the firm sold 91,772 vehicle units during November last year.
Demand on the domestic front also intensified 9.67% to 90,882 vehicle units during November this year, as compared to 82,870 vehicle units during November last year.
Mr. Deepesh Rathore, Managing Director at IHS Automotive, stated that that the Light Commercial Vehicle section is one of the fastest budding sections, and it has the capability to fabricate the huge volumes, as there is not much know-how to be utilized.
“In spite of the entry of a lot of players in small truck section, Tata Motors carry on enjoying more than 50% of the market share and the others also are developing, that undoubtedly confirms that there is a room for extra players,” Mr. Deepesh also said.