Change rate of commercial vehicle sales in India FY 2002-2024

Published by
Shangliao Sun,
Sep 27, 2024

In fiscal year 2024, the commercial vehicles witnessed an increase in the sales volume by just 0.6 percent, in comparison to the preceding year. Two years of decrease in sales in 2020 and 2021 was driven by changes in axle load norms, allowing the vehicle owners to carry more load, changes in pollution norms, and a general slowdown of the economy.

Change rate of commercial vehicle sales in India from financial year 2002 to 2024

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Release date

June 2024

Region

India

Survey time period

FY 2002 to FY 2023

Supplementary notes

India's financial year starts in April and ends in March. For example, FY 2019 started in April 2018 and ended in March 2019.

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