The Medium and Heavy Commercial Vehicle (MHCV) market is a segment of the commercial vehicle industry that includes vehicles with a gross vehicle weight rating (GVWR) of more than 3.5 tons. These vehicles are used for a variety of purposes, including freight transportation, construction, and public transportation. MHCV vehicles are typically powered by diesel engines and are designed to carry large payloads. MHCV vehicles are typically more expensive than light commercial vehicles, but they offer greater payload capacity and durability. They are also more fuel-efficient than light commercial vehicles, making them a cost-effective option for businesses. The MHCV market is highly competitive, with a number of manufacturers offering a wide range of vehicles. Major players in the market include Daimler AG, Volvo Group, Volkswagen AG, and MAN SE. Other notable companies include Isuzu Motors, Tata Motors, and Ashok Leyland. Show Less Read more
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