The truck industry is almost in a revival phase, according to Vinod Aggarwal, MD & CEO of Volvo Eicher Commercial Vehicles at Eicher Motors. The company expects replacement demand in the months to come.
Speaking in an interview to CNBC-TV18, he said, “Busses are still in distress but as far as trucks are concerned, the industry is almost in a revival phase and we will see more improvement.”
“All the old trucks are bound to be replaced. The replacement didn’t happen last year and this year to that extent, which means people, once they get the confidence in the economy, will come back for a replacement. People will also come for a replacement to realize better productivity,” he said.
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