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COMMERCIAL VEHICLES (commercial vehicles register 43% growth in May 2004).
(From India Business Insight)
Commercial vehicles registered 43 percent growth in May 2004 due to infrastructure projects and low interest rates, among other reasons. M and H commercial vehicles grew 51 percent while LCVs grew by 31 percent. Tata Motors increased its marketshare in HCVs to 66.7 percent and in LCVs to 54.2 percent.
The growth rate of commercial vehicles is projected to be about 18 percent …
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