The India Commercial Vehicles Market size is estimated at USD 48.27 billion in 2024, and is expected to reach USD 62.95 billion by 2029, growing at a CAGR of 5.45% during the forecast period (2024-2029).
The India Commercial Vehicles Market is fairly consolidated, with the top five companies occupying 132.45%. The major players in this market are Eicher Motors Limited, Ford Motor Company, Mahindra & Mahindra Limited, Tata Motors Limited and Volvo Group (sorted alphabetically).
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