The overall bus sales including exports has declined by 6.13% as compared against last fiscal. During this fiscal year 2012-13, 105,293 units were sold as against 112,165 units for the previous fiscal. The overall economic slowdown, high interest rates & Diesel price instability are the main reasons contributing to this de-growth in this financial year.
Meanwhile in recent budget, excise duty has been reduced on Basic chassis benefiting local Bus body manufactures. From last couple of years all Bus OEMs have started to push full built vehicle. Some of them have already started to invest in their own bus body manufacturing units. In Union budget for 2013-14, Rs 14,873 crore has been allocated for the JNNURM scheme, with major portion of it for purchase of around 10,000 buses. Urban local body, Corporation, SRTUs are expected to take advantage of the scheme to add new fleet.
The M&HCV segment, overall sales has dropped by around 9% including export. 53,663 units has been sold in FY 2012-13 as against 59,091 units sold last for FY 2011-12.
Source: Autobei
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