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After two muted years, CVs aim to hit 1 mn sales in FY26
Financial Express Kochi
|May 15, 2025
Improved Sentiment
COMMERCIAL VEHICLE (CV) volumes for the March quarter grew by 1.5% year-on-year — a modest performance that the manufacturers had been hoping for.
In FY25, the CV segment recorded its first annual fall in four years, effectively paving the way for an upcycle in demand for trucks and buses.
Auto makers have recorded an improvement in buyer sentiment for CVs stemming from better freight rates and pick up in mining and infrastructure activities in recent weeks. After ending FY25 at 0.95 million, the segment is expected to breach the 1 million volume milestone this year, as per Crisil Ratings.
This story is from the May 15, 2025 edition of Financial Express Kochi.
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