Domestic Commercial Vehicle Industry To See 4-7 Pc Dip In Volumes Next Fiscal: Icra : 262

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domestic commercial vehicle industry to see 47 pc dip in volumes next fiscal icra
Icra predicts a 4-7% decline in domestic CV volumes next fiscal. The industry is expected to see growth in FY24 followed by a decline in FY25. Long-term demand for CVs remains intact, driven by infrastructure, construction, defence, and manufacturing activities.