Industry Overview:
Even in times of current Slowdown, SCV segment is performing well for the last couple of years. Many domestic & Foreign OEMs are eyeing this segment where Tata Motors is the current market leader. Small commercial vehicle Industry can be broadly divided into two category:
- Four Wheeler
- Three Wheeler
Four Wheeler segment is continuously growing due to its stability, safety, low pollution, comfort, value for money etc. On the other hand three wheeler segment is continuously shrinking due to its instability, low comfort, less safety compare to 4 wheeler etc. Tata Magic, Mahindra Four wheeler passenger vehicle has proven to be a good replacement for three wheeler passenger vehicles.
Source: Autobei
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