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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. ....

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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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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. ....

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