
Sales volume of M&HCV in India FY 2017-2022
Sales volume of medium and heavy commercial vehicles across India was around 241 thousand units at the end of fiscal year 2022. In fiscal year 2019, the Indian commercial vehicle industry recorded an all time high with a sales volume of over a million units. The decreased sale volume in 2020 and 2021 was contributed by the new emission standard and the impact of coronavirus (COVID-19) pandemic.