Commercial vehicle sales volumes may degrow by 3-6% in FY25: CARE Ratings
Following muted growth in FY24, Commercial Vehicle (CV) sales volumes are expected to register a degrowth by 3-6% in FY25 due to a slowdown in demand in both the Medium and Heavy Commercial Vehicle (MHCV)and Light Commercial Vehicle (LCV) segments, as well as high inventory levels with dealers, CARE Ratings has said.Demand is, however, likely … Read more
