CV growth on track but diesel could play spoilsport

The commercial vehicle segment, often considered the barometer of a country’s economic health, is finally seeing some positive momentum. For FY2022, the overall wholesales numbers came at 664,009 units, which is 26 percent higher than 526,073 units sold in FY2021. While on the hand, there are definitive signs of revival in growth, the impact of the rise in diesel prices needs to be monitored closely.

 In March, the overall CV sales came in at 90,747 vehicles, which is a healthy 20 percent growth compared to last March and 57 percent higher than February 2022. Interestingly, the M&HCV segment saw an ...