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flag India's truck industry sees rising demand due to aging fleets, higher freight rates, and improved profits, boosting sales forecasts.

flag The Indian medium and heavy commercial vehicle industry is entering a new upcycle, with Nomura forecasting 8% year-on-year growth in FY26 and 10% in FY27, driven by rising freight rates, improved operator profitability, GST cost efficiencies, and a high average truck age of about 10 years boosting replacement demand, particularly in FY27–28, while strong cash flows are increasing confidence in new purchases.

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