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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 Shah , Domestic Commercial Vehicle , Ratings Vice President , Co Group Head Kinjal Shah , Hcv Industry ,

Domestic commercial vehicle industry to see 4-7% dip in volumes next fiscal: Icra, ET Auto

Domestic Commercial Vehicle: 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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