Electric
Commercial Vehicle market is expected to progress with the substantial CAGR during the period, 2018 to 2023.
In the
commercial vehicle group, production surged 14 percent, 12 percent in light
commercial vehicles, heavy duty
commercial vehicles 46 percent respectively in the first two months this year over the same period last year.
(Hari) grew sales by nearly 10 percent in the first half on strong demand for light
commercial vehicles.
Hyundai's light
commercial vehicles and
commercial vehicles, meanwhile, garnered much interest.
Lawrence Good, Mercedes-Benz Oman CEO, said, 'We were delighted to host so many of our
commercial vehicle customers during this year's Ramadan iftars.
Accuride said the acquisition of Mefro Wheels will solidify Accuride's position for future growth as a supplier of wheel end solutions to the global
commercial vehicle industry, enabling us to better serve the needs of our global customers.
By doing so they help improve the operational efficiency and safety of
commercial vehicle fleets.
Accuride's products include
commercial vehicle wheels and wheel end components and assemblies.
New York, NY, October 28, 2016 --(PR.com)-- According to "Saudi Arabia
Commercial Vehicles Market Forecast & Opportunities, 2021," the market for
commercial vehicles in Saudi Arabia is projected to grow at a CAGR of over 9% during 2016 - 2021, on account of robust infrastructural developments coupled with growing logistics requirements arising from construction and MSME sectors.
Launching, Dr Wolfgang Bernhard, Daimler AG board of management member responsible for Daimler Trucks & Buses, stated: "Our new regional centre will focus entirely on the
commercial vehicle business, and allow us to respond even faster and better to the needs of our customers.
Mercedes-Benz
Commercial Vehicles is one of the dominant players in the
commercial vehicle market.