Number of M&HCV passenger carriers sold in India FY 2017-2023
In fiscal year 2023, close to 38.5 thousand LCV passenger carriers were sold in India. It was a significant increase in comparison with the previous year. In 2021, in comparison with the previous financial year, there was a huge decrease in the volume of sales, due to the impact of the coronavirus pandemic. Ashok Leyland Limited held the leading market share in this segment.