Commercial vehicle volumes likely to grow by 3-5% this fiscal: Report

Icra forecasts a 3-5% year-on-year growth in commercial vehicle dispatches for FY2026, following a slight decline in FY2025. Medium and heavy commercial vehicles and light commercial vehicles are projected to grow modestly. The bus segment is expected to lead with an 8-10% increase, driven by replacement demand and institutional purchases.

from Auto-Industry-Economic Times https://ift.tt/19zCxK7