GST-led recovery sustains momentum; West Asia crisis may impact exports and margins India’s commercial vehicle (CV) industry is expected to reach a record volume of approximately 12.4 lakh units in fiscal 2027, surpassing the previous peak seen in fiscal 2019. This follows a strong rebound of 13% in fiscal 2026. However, on a higher base, […]
FY2025–26 turned out to be a year where momentum returned quietly—but strongly—to India’s commercial vehicle and farm equipment sectors. What began as a cautious recovery soon gathered pace, driven by infrastructure push, rural demand and sharper product strategies across companies. At the core is a clear shift is that demand is no longer patchy. It […]