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MOTORINDIA
l September 2012
125
limited to the medium& heavy com-
mercial vehicles due to the company
focus on technologically advanced
product requirement. However,
BFL has started addressing the light
and small commercial vehicle seg-
ment which is witnessing a shift in
product requirement on the back of
change in emission norms.
India
The Indian automobile industry
witnessed a slowdown in growth,
with total four-wheel automobile
production, including passenger
cars and CVs growing by 7.8 per
cent. Slowdown was mainly in pas-
senger cars, which grew by only 4.7
per cent. The CV segment, which is
the company’s primary market, re-
corded a healthy growth of 19.8 per
cent. This was driven primarily by
light CVs (LCVs), which grew by
27.3 per cent, while medium and
heavy CVs (M&HCV’s) grew by
10.8 per cent.
USA
However, the revival witnessed
in CY2010 continued in CY2011.
Total four-wheeler production grew
by 10.8 per cent. Passenger car sales
remained robust with a growth of
Mr. Baba. N. Kalyani, Chairman, Bharat Forge
component zone