India’s CV Market to Cross Pre-Pandemic Peak by FY26

India’s commercial vehicle industry is set for strong growth. Tata Motors Managing Director and CEO Girish Wagh said CV volumes are likely to exceed the FY19 peak of 10,07,311 units by FY26. The company sees demand rising across freight, construction, and mining, supported by government-led projects and reforms.

Key Highlights:

• GST 2.0 expected to improve freight efficiency.
• Infrastructure projects in cement, mining, and construction boosting demand.
• Rising GDP and consumption driving transport needs.
• CV volumes projected to cross one million units in FY26.
• Replacement demand and fleet modernization to accelerate sales.
• Tata Motors aims to consolidate its leadership in the expanding market.

This outlook signals resilience in India’s CV industry and strong opportunities for manufacturers, suppliers, and logistics players.

Sources: ETAuto, Autocar Professional, SIAM data