From 2007 to 2011, the market in India for medium and heavy trucks increased by more than 17%. Heavy trucks were more heavily affected by the financial crisis than light commercial vehicles, with declines posted in 2008 and 2009. Since this decline, during which GDP growth fell to around six percent, India’s economy has rallied, with economic growth of about nine percent. Recovery in the construction sector has further increased the demand for heavy trucks.
Construction equipment, Materials, Finance, other expenses etc. are the main components of construction cost, only material (Majorly steel & cement) contribute around 50-60%. In port 18-20cum box body with 8X4 configuration became popular now. For Dams need product with shorter wheelbase and turning radius. For other application depends on type of the project.
Source: Autobei
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