The Indian commercial vehicle (CV) industry continued to report robust year-on-year (YoY) volume growth in January 2026, with domestic wholesale volumes rising 27 per cent to 99,544 units.
According to Kinjal Shah, Senior Vice President & Co-Group Head, ICRA, "ICRA expects the long-term growth drivers for the domestic CV industry to remain intact. The sustained push in infrastructure development (evidenced by the higher infrastructure capital outlay in the recent budget