Change rate of light commercial vehicle sales in India FY 2007-2023
In fiscal year 2023, the light commercial vehicles witnessed an increase in the sales volume by around 27 percent, in comparison to the previous year. In 2020 and 2021, significant decreases could be observed, some of the reasons for this change were changes in axle load norms, allowing the vehicle owners to carry more load, changes in pollution norms, and the impact of the coronavirus pandemic.