Fiscal year 2023 witnessed an increase in the sales of light commercial vehicles as well as heavy commercial vehicles, with 603 thousand units and 359 thousand units respectively. This sector was majorly comprised of trucks, with a minor share for buses.
Domestic sales of commercial vehicles in India from financial year 2011 to 2023, by segment
Characteristic
LCV
M&HCV
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India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.
Data from previous reports has also been used.
Light commercial vehicles (LCV) have gross vehicle weight below 7.5 metric tons. Medium and heavy commercial vehicles (M&HCV) ranged from over 7.5 metric tons up to 55 metric tons.
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Ashok Leyland. (June 27, 2023). Domestic sales of commercial vehicles in India from financial year 2011 to 2023, by segment [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/610381/commercial-vehicle-domestic-sales-volume-by-segment-india/
Ashok Leyland. "Domestic sales of commercial vehicles in India from financial year 2011 to 2023, by segment." Chart. June 27, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/610381/commercial-vehicle-domestic-sales-volume-by-segment-india/
Ashok Leyland. (2023). Domestic sales of commercial vehicles in India from financial year 2011 to 2023, by segment. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/610381/commercial-vehicle-domestic-sales-volume-by-segment-india/
Ashok Leyland. "Domestic Sales of Commercial Vehicles in India from Financial Year 2011 to 2023, by Segment." Statista, Statista Inc., 27 Jun 2023, https://www.statista.com/statistics/610381/commercial-vehicle-domestic-sales-volume-by-segment-india/
Ashok Leyland, Domestic sales of commercial vehicles in India from financial year 2011 to 2023, by segment Statista, https://www.statista.com/statistics/610381/commercial-vehicle-domestic-sales-volume-by-segment-india/ (last visited August 24, 2024)
Domestic sales of commercial vehicles in India from financial year 2011 to 2023, by segment [Graph], Ashok Leyland, June 27, 2023. [Online]. Available: https://www.statista.com/statistics/610381/commercial-vehicle-domestic-sales-volume-by-segment-india/