Indian Commercial Vehicles Market-Trends and Outlook, 2017

Indian Commercial Vehicles Market-Trends and Outlook, 2017

  • October 2017 •
  • 36 pages •
  • Report ID: 5208424 •
  • Format: PDF
Changing dynamics of the Indian commercial vehicle (CV) industry, better and newer products, entry of global players and implementation of emission norms and other regulations over the past few years have made India the 5th biggest CV market in the world. 

With India being the fastest-growing major economy in the world, the CV industry is expected to cross 1 million units in domestic sales by 2022 making India the 4th largest market. A big domestic market, better regulations and cost economics make India an ideal destination for a production hub.