Indian Commercial Vehicle Sector Sees 27% January Growth, GST Cut Fuels Surge: ICRA

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

India's CV Industry Soars 27% in January, GST Cut Fuels Volume Surge: ICRA

Representational image (Image: News18)

N

News18•24-02-2026, 11:15

India's CV Industry Soars 27% in January, GST Cut Fuels Volume Surge: ICRA

•Indian commercial vehicle (CV) industry saw a 27% YoY volume growth in January 2026, reaching 99,544 units.
•The surge is primarily attributed to the GST rate reduction from 28% to 18%, effective September 22, 2025, and increased freight activity.
•Medium and Heavy Commercial Vehicle (M&HCV) retail volumes grew 15.4% YoY in January 2026, with a 6.3% growth for 10M FY2026.
•Light Commercial Vehicle (LCV) segment recorded 14.9% YoY growth in retail volumes in January 2026, showing faster demand uptick post-GST cut.
•ICRA projects a moderate 7-9% YoY growth in wholesale volumes for the full FY2026, with 4-6% growth for FY2027.

Read Full Article on News18 in English

✦

More like this

✦

More like this

Representational image (Image: News18)

Indian Auto Industry to See Moderate 3-6% Volume Growth in 2026-27: ICRA

Vehicle sales rebound across categories in January; EV share slips despite wider market growth

India's Auto Retail Sales Soar 17.6% in January, Rural Demand Fuels Growth

The India–US trade deal
underscores how geographic revenue exposure will shape stock-specific outcomes in the auto and auto ancillary space. Companies with higher US dependence stand to benefit more from tariff relief, while diversified players gain stability. However, $8.3 billion of India’s exports to the US still face Section 232 tariffs, including automobiles ($3.9 billion), steel ($2.5 billion), aluminium ($800 million), timber ($370 million), copper ($547 million) and trucks & ships ($146 million), which remain subject to national security provisions—keeping risks in play despite broader tariff cuts.

Auto Sales Soar in Feb 2026: Tata, Hero, TVS Lead Double-Digit Growth

Representational image (Image: News18)

Maruti Suzuki Sales Surge 7.32% in February, Exports Jump Significantly

India's Vehicle Sales Soar in Jan: Two-Wheelers Up 21%, Cars 7%

India's Vehicle Sales Soar in Jan: Two-Wheelers Up 21%, Cars 7%

Representational image (Image: News18)

Maharashtra, UP Drive India's Q3 FY25-26 Vehicle Sales: SIAM Report