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India CV industry jumps 27% (YoY) in January; GST cut drives volume surge: ICRA

India CV industry jumps 27% (YoY) in January; GST cut drives volume surge: ICRA

by AIP Online Bureau | Feb 24, 2026 | Data, Eco/Invest/Demography, Policy

For the first ten months of the FY 26 r, domestic CV wholesale volumes grew by 11.3 per cent YoY, while retail volumes registered an 8.5 per cent growth during the same period. Looking ahead, ICRA expects the domestic CV industry to register a moderate YoY growth of...

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