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
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