Transforming Freight and People Mobility

At the 16th Apollo CV Awards 2025, Markets and Markets co-presented a whitepaper with Commercial Vehicle Magazine and Apollo Tyres. Ashish Bhatia summarises the growth opportunities and future trajectory of India, along with the commercial vehicle industry.

- Ashish Bhatia

For the second edition in a row, Markets and Markets co-presented a whitepaper with Commercial Vehicle Magazine and Apollo Tyres at the 16Th Apollo CV Awards 2025. India’s Commercial Vehicle (CV) sector is undergoing a significant transformation, driven by rapid urbanisation, evolving regulatory frameworks, and technological advancements. The future of India’s mobility landscape hinges on how efficiently freight and people mobility systems adapt to these changes. This whitepaper was presented by Keynote speaker Sarwant Singh, President & Chief Commercial Officer - EMEA, Markets and Markets. He explored the growth opportunities and future trajectory of CVs in India, highlighting key trends, challenges, and opportunities across various segments.

The Current State of India’s Commercial Vehicle Market

India’s commercial vehicle industry is the backbone of its logistics and transportation network, supporting freight movement and public mobility. As per the whitepaper data, the CV market witnessed a steady rise in demand, especially in the Medium and Heavy Commercial Vehicle (M&HCV) and Light Commercial Vehicle (LCV) segments. This growth is driven by infrastructure expansion, e-commerce proliferation, and the need for efficient last-mile delivery solutions.

Key Market Trends

The surge in freight demand, fueled by the expanding e-commerce sector and growing rural connectivity, is driving M&HCV sales. Increased urbanisation is propelling the need for efficient public transport solutions, boosting the Bus and People Mover segments. Additionally, telematics, fleet management systems, and driver assistance technologies are becoming standard features in CVs, enhancing operational efficiency and safety.

A Pivotal Growth Driver