Demand for CVs, particularly medium and heavy CVs, is likely to also benefit from various government initiatives to help revive the economy
As per the latest data by SIAM, in the 2020-21 fiscal, passenger vehicle wholesales declined by 2.24% to 27,11,457 units as against 27,73,519 units in
ICRA estimates that the population of vehicles older than 15 years would be 1.1 million units by the financial year 2024, offering significant potenti