MUMBAI, Oct. 16 -- Mini-trucks, pickup vans and other light commercial vehicles (LCVs) are seeing a rebound in sales, driven by a robust e-commerce market and the need to transport fresh vegetables, fruits and fast-moving consumer goods (FMCG) quickly over short distances.
The uptick in demand means LCVs are now the prime category in the commercial vehicle segment, and it comes as a relief for manufacturers.
The demand for LCVs is mainly driven by the movement of agricultural produce, FMCG and dairy products-further consolidated by the last-mile delivery requirements of online retailers, senior executives at Mahindra & Mahindra Ltd (M&M), Tata Motors Ltd and Ashok Leyland Ltd said.
For M&M, the largest player in under-3.5-tonne LCVs, who...