The global brokerage firm said the commercial vehicle sector appears poised for an upcycle after several years of muted growth, with volumes expected to pick up over the next two to three years
A recovery in medium and heavy commercial vehicle (MHCV) from multi-year lows, along with sustained growth in light CV (LCV) categories, will help overall CV volume reach close to one million units by the financial year 2023-2024 (FY24) - the level of the last cyclical peak recorded in the f