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
Domestic sales of passenger vehicles (PVs) grew 4.47 per cent to 2,92,030 units in March 2023, against 2,79,525 units in previous year's March, according to SIAM report.
The company said Tata Motors' commercial vehicle business registered a 15 per cent growth in sales over Q2 FY22. For India business, domestic wholesales were at 93,651 vehicles, a surge of 19 per cent year-on-year. However, exports were at 6,771 vehicles, lower by 22 per cent affected by fin