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The commercial vehicle (CV) industry volumes is likely to grow by 7-10% in FY2024, helped by a host of factors including replacement demand as the scrappage policy, which was announced in March 2021, is being implemented from April 1, 2023, ...
The domestic commercial vehicle (CV) industry is estimated to see its volumes grow by 7-10% in FY24E, following a growth of 24-26% in FY23E, according to rating agency ICRA. The increase in volumes is on the back of Indian government’s ...