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CV industry shifts gear into growth mode in September

M&HCV sales benefit from growing spend in infrastructure and logistics, LCVs/SCVs from the humungous demand for last-mile delivery operations in town and country.

By Ajit Dalvi

10 Jan 2023

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Cumulative September 2022 wholesales are 77,269 units, which constitutes 44% YoY growth.

Higher spend on infrastructure development translating into demand for tippers even as M&HCV sales bounce back.

E-commerce boom and robust demand for last-mile deliveries across India driving SCV sales.

With Indian carmakers notching their best-ever monthly sales in September, logistics trucks will see much traction in the months to come.

CV industry shifts gear into growth mode in September

The tailwinds of positive change are blowing firmly behind the Indian commercial vehicle (CV) sector, mirroring the trend in the passenger vehicle industry. With the country back into work mode, macroeconomic improvement, increased government spend in infrastructure development and the massive boom in the e-commerce industry along with the hugely successful last-mile hub-and-spoke delivery model across the country, the CV sector is heading into good times.

Commercial vehicle customers are back into purchase mode as they go about replacing older vehicles and also invest in future business operations.