New Delhi, June 3 (IANS) Commercial vehicle industry growth is likely to moderate in the short to medium term due to elevated fuel and raw‑material prices, a report said on Wednesday.India’s original equipment manufacturers remain optimistic about long‑term structural drivers such as replacement demand and infrastructure spending, the report from PL Capital said.Auto dispatches in May 2026 showed sustained volume growth across most segments, though some sub‑segments moderated, the report s…
Latest MHCVs News & Updates
New Delhi, April 25 (IANS) India’s commercial vehicle (CV) industry is expected to touch record volume of roughly 12.4 lakh units in fiscal 2027, surpassing the previous peak of fiscal 2019, a report said on Saturday.The industry posted a strong 13 per cent rebound in fiscal 2026, and the high base will lead to moderation in growth to 5–6 per cent in FY27, the report from Crisil Ratings said.Domestic demand will remain supportive, buoyed by infrastructure-led activity, steady replacement dem…