The Indian Commercial Vehicle (CV) Industry is all set for a cyclical revival in demand going forward. The green shoots are visible as the overall domestic CV volumes is likely to grow by 10% in FY15 as against de-growth of 20% and 2% during FY14 and FY13 respectively. The recovery further looks promising as the volumes of Medium & Heavy Commercial Vehicle (M&HCV;) one of the leading indicator grew by 13.9% in 9MFY15 as against a de-growth of more than 20% each in FY13 and FY14. Further the strong correlation between GDP and the growth in CV Industry emphasis that overall revival in the economy is bound to have a positive impact on the CV. The Government's policy actions like diesel deregulation, opening...