The analysts forecast global MHCV market to decline at a CAGR of 5.65% over the period 2014-2019.
Commercial vehicles include light, medium, and heavy commercial vehicles. Light commercial vehicles have a GVWR of below 14,000 lb; medium commercial vehicles, have a GVWR of between 14,001 and 26,000 lb; and heavy vehicles (comprising trucks,...
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