Domestic commercial vehicle wholesale volumes to grow 3-5% in FY26: ICRA

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Domestic commercial vehicle wholesale volumes to grow 3-5% in FY26: ICRA - Business Standard

Quick Summary:

"Resumption of construction and infrastructure activities, steady rural demand along with higher replacement sales stemming out of ageing fleets and government mandates are the likely driving factors to propel the said volume expansion towards the end of FY2025 and through FY2026," Icra Senior Vice President & Co-Group Head Kinjal Shah said.

The sustained push in infrastructure development, a steady increase in mining activities and the improvement in roads/highway connectivity are expected to support volumes going forward, she added.

Domestic commercial vehicle industry's wholesale volumes are expected to grow 3-5 per cent year-on-year in FY26, rating firm Icra said on Monday.