It also estimates exports to reach 160,000 vehicles by 2019-20. Commercial vehicle exports grew 7 per cent in the 11 months of 2016-17 on expansion of market coverage by automobile companies and healthy demand from key markets. Commercial vehicle makers are planning to expand their market coverage in Asia, Africa and the Middle East.
Historically, they have maintained a strong grip in Sri Lanka, Bangladesh and Nepal, but have now widened their focus to the Middle East and Africa.
New vehicles and upgraded technology have allowed them to enter the relatively advanced markets of south-east Asia.