GREEN CVS FOR SUSTAINABLE MOBILITY

CV industry leaders and consultants spoke about addressing various structural and cyclical challenges against the growing propsect of green CVs for sustainable mobility.

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Pointing at developments like the new axle norms, the jump from BSIV to BSVI and the collapse of one of the biggest NBFC firms that lead to a liquidity crunch, Satish Sharma mentioned at the current slowdown in CV sales is on the back of a severe regulatory framework. Setting the tone for the panel discussion, he averred that the rising intensity of the slowdown has forced every stakeholder of the CV industry to bring the best to the table. Announcing that the CV industry is cyclical in nature, Girish Wagh averred that the CV industry is closely linked with the country’s GDP.

Experiencing a secular growth trend, Wagh said that every trough and crest the industry has experienced has got bigger and longer over the last thirty years. Stating that the industry has at times taken six to eight months or 24 to 30 months to bounce back, Girish explained that the current slowdown is made unique by the combination of cyclical and non-cyclical factors. The cyclical factors were the slowdown in consumption and the slowing down of the rural economy as well as the infrastructural spending after the election, he explained. The non-cyclical factors, averred Girish, were the liquidity crunch and the new axle norms.