Business
Latest Report on Indian Commercial Vehicle Market Being Saturated
[ad_1]
New Delhi [India], November 28: If you look at the total number of commercial vehicle (CV) units sold in the last three years, you can see the industry growth has been stagnant.
- In FY 2022-23, 962,468 CVs were sold
- In FY 2023-24, 968,770 CVs were sold
- In FY 2024-25, 956,671 CVs were sold
And these numbers raise a serious question: has the CV or truck industry been saturated, and is there no future growth?
To counter these concerns, TruckOnWheels’ research team has some optimistic projections that the trucking industry in India still…
[ad_2]
Source link
Continue Reading