Commercial automobile is a form of vehicle used for the transportation of goods, materials, and people. It is used in transportation & logistics, mining & construction, production industries, agriculture, and plenty of others.

The general quantity of combined business automobiles bought in 2022 is 1,41,206 gadgets, with a boom of 41.75% in comparison to the 99,614 gadgets of October 2021.

ICRA Research confirmed that the call for mild business vehicles (LCVs) commenced choosing up in advance of M&HCV because of the wholesome call generated from e-commerce, agriculture and different allied sectors.

The transportation & logistics industry became valued with $375.four billion in 2021 and registering an increase at a CAGR of 4.3%.

Heavy truck demand became valued at $103.2 billion in 2021 and is projected to develop at a CAGR of 4.4% from 2022 to 2030.

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