Domestic CV wholesale volumes to grow 4-6 pc in FY27: ICRA

Domestic commercial vehicle wholesale volumes are projected for moderate growth this fiscal year. Medium and heavy vehicles should see slight increases, while light vehicles are expected to grow more. Bus volumes are also anticipated to experience a modest year-on-year expansion. Strong growth in the light commercial vehicle segment reflects healthy last-mile transportation activities. However, elevated ownership costs remain a significant challenge for the industry.