ICRA revises CV industry outlook; projects 0-3% growth in FY25 amid demand recovery and market dynamics, ET Auto
Among the CV industry’s various sub-segments, medium and heavy CVs (M&HCV) (trucks) volumes in FY2025 are expected to show a nominal growth of 0-3% Y-o-Y . ICRA has adjusted its forecast for the commercial vehicle (CV) industry’s domestic wholesale volumes, anticipating a slight Y-o-Y growth of 0-3% for FY25 instead of the previously expected decline…