MHCVMedium and Heavy Commercial Vehicle
MHCVManifold Heat Control Valve (car part)
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Setco Automotive reported a sustained performance with sales at Rs 128 crore in Q1 FY20; marginally down by ~7 per cent YoY compared to 17.7 per cent decline in volumes in the MHCV industry, according to the SIAM data.
Presently, Light Commercial Vehicle segment is the most dominating commercial vehicle segment, accounting for majority of the overall commercial vehicles sold in Saudi Arabia, followed by Medium Heavy Commercial Vehicles (MHCVs) and Buses.
Healthy growth in sales volumes will enable Ashok Leyland to improve its domestic MHCV market share to between 27 and 30 per cent over the medium term from 23 per cent in 2009-10.
The auto industry excluding 2W fell 15.4% driven by drop of 18.4% in the Passenger Vehicle (PV) industry and the MHCV goods industry falling by 18.6%.
Post the axle load norms implementation, the freight carrying capacity of MHCV parc has increased by 20%, however, the freight growth has not been able to absorb this capacity resulting in lower demand of new trucks.
Refrigerated Transport Market by Commodity Type (Chilled & Frozen), Mode of Transportation (Road Sea, Rail, Air), Vehicle Type (LCV, MHCV, HCV), Technology (Vapour Compression Systems & Cryogenic systems), & by Region - Global Forecast to 2020
Technavio's analysts forecast the global MHCV market to decline at a CAGR of 5.65% over the period 2014-2019.
While weakness persisted across most segments, it was more prominent in the medium and heavy commercial vehicle ( MHCV), tractor, passenger car, and twowheeler segments.
Weak macroeconomic parameters, excise duty increases and poor availability of freight, resulted in pressure on volumes in the MHCV segment.
Focus on retail growth, cost reductions and cash Market shares gain in MHCV & ILCV over FY19 ( MHCV trucks+30 bps; ILCV trucks +80bps) Harrier & Nexon supported the UV market share gain (UV & Vans +40bps) Q1'20: Revenue 13.4 KCr (-19.9%); PAT Rs.