About this document
CV Industry: Rising Replacement Demand by Kalpana Arora is a document available to read on EtoBox.
The Indian commercial vehicle (CV) industry is experiencing a significant replacement demand due to an ageing fleet, with average ages of medium and heavy commercial vehicles at approximately 9.9 years. Factors such as restrictions on older vehicles, the implementation of a scrappage policy, and the economic advantages of new truck models are driving this trend. ICRA predicts that the CV industry will grow by 18-20% in the current fiscal year, fueled by pent-up replacement demand and increased infrastructur
- Author
- Kalpana Arora
- Language
- EN