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ā¢ Sales of heavy duty trucks have grown by 15% in the first seven months of the year, driven by increased demand for costlier vehicles with higher payloads.
ā¢ The industry is expected to hit a new peak in FY24, with revenue rising about 30% from the pre-Covid year of FY19.
ā¢ The growth is attributed to record government spending on infrastructure and increased freight movement, as well as demand for more fuel-efficient and newer vehicles.