India Light Commercial Vehicle Market is
anticipated to grow in the upcoming years due to increasing E-commerce industry and transition
towards zero emission vehicles.
India
Light Commercial Vehicle Market Overview
One of the key forces
behind economic growth is regarded to be the automotive sector. A commercial
transport vehicle with a gross vehicle weight of up to 7.5 metric tonnes is
referred to as a "light commercial vehicle" (LCV). Pickup trucks and vans are examples of
light commercial vehicles. India has one of the greatest car industries in the
world, with domestic sales of 3.79 million units (excluding two and three
wheelers) in 2022. However, because of the COVID pandemic and the nationwide
lockdown in India, there has been a constant fall in sales over the previous
two years. Additionally, with the newest BS6 engine models and electric
vehicles, the automotive sector is gradually accelerating its pace towards
development in sales. The India light commercial vehicle market is growing because
of increasing investments in technology developments in commercial vehicles.