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Domestic commercial vehicle industry to see 4-7 pc dip in volumes next fiscal: Icra

Icra predicts a 4-7% decline in domestic CV volumes next fiscal. The industry is expected to see growth in FY24 followed by a decline in FY25. Long-term demand for CVs remains intact, driven by infrastructure, construction, defence, and manufacturing activities.

Group head kinjal shahDomestic commercial vehicleRatings vice presidentCo group head kinjal shahHcv industry

Domestic commercial vehicle industry to see 4-7% dip in volumes: ICRA | News

Domestic commercial vehicle industry to see 4-7% dip in volumes: ICRA | News
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Group head kinjal shahIndia new delhiRatings vice presidentCo group head kinjal shahLast updated

Domestic commercial vehicle industry volumes expected to grow by 7-10% in FY24: Icra

This is despite the 5 per cent year-on-year and 41 per cent sequential contraction in volumes in April 2023, it noted.

Co group head kinjal shahCommercial vehicleCorporate ratings vice presidentDomestic commercial vehicle industry volumes

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