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CEO s Take On 2024: CV industry to continue growth in 2024 with strong Indian economy, says Vinod Aggarwal, MD & CEO, VECV, ET Auto

With the rising middle class, consumption will get a boost. The overall GDP growth forecast of over 7%, continued policy support for infrastructure investments and electrification, a strong business case to replace old vehicles with vehicles conforming to BS-VI emission standards and designed for revised axle loads and focus on logistics efficiency are likely to drive the auto sector in 2024, Vinod Aggarwal, MD & CEO, VECV, told ETAuto .

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H1 FY24 CV sector analysis: High base drives marginal YoY growth, outlook stays positive, ET Auto

Commercial Vehicle Sales: The commercial vehicle industry in India recorded a 2% year-in-year growth to 4.65 lakh units during April-September 2023 period. This comes on a high base of the first half of last fiscal year when the segment recorded 40% growth owing to the post-pandemic recovery. Going forward, the sector is on a positive growth path as it is supported by economic activity and growth in the manufacturing and infrastructure sector. Among the top CV players in the market, Tata Motors and Mahindra together take up over half of the domestic sales.

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Credit Ratings Agency ICRA Expects E-Buses To Form 8 Per Cent-10 Per Cent Of Total Bus Sales In India By FY25: Report

Credit Ratings Agency ICRA Expects E-Buses To Form 8 Per Cent-10 Per Cent Of Total Bus Sales In India By FY25: Report
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