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India forecasts 3-5% growth in commercial vehicle sales for 2025-26, driven by construction and rural demand.
India's commercial vehicle sales are forecast to grow 3-5% in fiscal year 2025-26, up from a flat year in 2025, according to ICRA.
The growth will be driven by increased construction, steady rural demand, and the need to replace aging vehicle fleets.
Medium and heavy commercial vehicles are expected to see slight growth, while light commercial vehicles could see a modest increase.
Diesel vehicles still dominate, but electric vehicles are gaining market share.
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India prevé un crecimiento del 3-5% en las ventas de vehículos comerciales para 2025-26, impulsado por la construcción y la demanda rural.