Report Description

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.