Post Tagged with: "ICRA"

Domestic CV Industry Volumes to Remain Muted in Q4 FY2024: ICRA

Domestic CV Industry Volumes to Remain Muted in Q4 FY2024: ICRA

The volumes for the domestic commercial vehicle (CV) industry are expected to remain muted through Q4 FY2024 as the base effect catches up in addition to a perceived pause in the infrastructural activities as the model code of conduct kicks in ahead of the General Elections. ICRA estimates the domestic CV industry volumes to register 2-5% YoY growth in volumes[Read More…]

by February 28, 2024 News

HCVs record most growth

The CV industry in India grew by 20 per cent in FY2017-18 according to a report by an analyst firm ICRA. Heavy Commercial Vehicles (HCVs) outperformed the industry with a growth of 28 per cent at 2.12 lakh unit in FY2017-18. Driven by healthy demand from end-user industries, especially automobiles, container traffic and bulk materials according to Subrata Ray, Sr.[Read More…]

by June 25, 2018 News