LCV volumes will probably grow between 4 and 6 percent this tax driven by deliveries led by e -commerce and warehouse expansion in cities of level 2/3 | Photo credit: Vivek Prakash
With an impulse in infrastructure and replacement demand, the volume of sales of national commercial vehicles will play 1 million units in fiscal year 26, according to Crisil.
The growth will be led by light commercial vehicles that have seen an increase in sales with a growing penetration of electronic commerce and storage and will contribute to 62 percent of the total volume. LCV volumes will probably grow between 4 and 6 percent this tax driven by deliveries led by electronic commerce and warehouse expansion in cities of level 2/3.
“The volume of domestic CV should grow 3-5 percent this prosecutor, bouncing from the deceleration of the last fiscal year and aligning with the long-term growth tendency of the sector. The recovery will be driven by a revival in the execution of the infrastructure, an anch of the central government in the last quarter of the prosecutors’ account and it is likely to maintain fifty of a central government increase in fifty of a fifty of a central government increase.
The increase in sales of national commercial vehicles, which will demand the pre-pandemic peak in fiscal year 2019, is also attributed to the support of the PM-Bus Sewa scheme.
Price walk
The prices of medium and heavy commercial vehicles are expected to see an UPICK or a minimum or ₹ 30,000 per unit with regulatory changes of mandatory cabins with air conditioning in applicable trucks as of October 2025. Commercial vehicle manufacturers have.
Directed by a higher infrastructure expense, the medium and heavy commercial vehicle segment is expected to grow from 2 to 4 percent this prosecutor with volume comprising 38 percent.
“With the increase in regulatory costs, CV manufacturers are likely to continue with selective price increases to protect the margins at 11-12 percent. Meanwhile, CAPEX will increase, with the main players that plan the expenses of 4.5 billion rupees, Valefety Platforms,” said Poonam Upadhyay, director of Crisil.
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Posted on April 16, 2025