Change rate of commercial vehicle sales in India FY 2002-2023
In fiscal year 2023, the commercial vehicles witnessed an increase in the sales volume by almost 34 percent, in comparison to the preceding year. Financial year 2021 saw two years of decrease, some of the reasons for this were changes in axle load norms, allowing the vehicle owners to carry more load, changes in pollution norms, and a general slowdown of the economy.