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…]
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…]
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