- FY2021 started on a somber note, the second wave of Covid-19 forced another round of lockdown measures and the market fell 65% as compared to the last quarter of FY2020.
- India's heavy-duty truck segment accounted for over 70% of all Medium & Heavy Commercial Vehicle sales in FY2021.
- In line with an optimistic economic, manufacturing, and construction outlook, we estimate India's Medium & Heavy Commercial Vehicles industry to show double digit growth in 2022.
For further details see:
Indian Medium And Heavy Commercial Vehicles: FY2021 In Hindsight, And Outlook Ahead