Truck sales register single-digit growth in March, raising hopes of market recovery

Commercial vehicle manufacturers have posted growth in truck sales for March 2025 after a phase of subdued performance. This positive growth hints at a revival in the sector, which has faced headwinds and uncertainties in recent months.

Despite reporting a decline in overall truck volumes for FY25 due to a challenging demand scenario, commercial vehicle makers achieved single-digit growth in sales volumes for March.

CV makers remain optimistic about continued demand growth going forward, helped by factors such as increased fleet utilisation, financial support from rate cuts, lower crude oil prices, and a renewed focus on large-scale infrastructure projects.