New Delhi, June 25, 2025 (ANI): Speaking on Growth prospectus of Commercial vehicle, Ashok Leyland’s President Sanjeev Kumar said that India's commercial vehicle (CV) industry is poised for steady growth, driven not only by strong economic fundamentals but also by rapid infrastructure development.Sanjeev Kumar, further said, "The overall road infrastructure is improving significantly. New highways are being built, and travel times are being reduced by almost 50 per cent. This will play a crucial role in lowering India's overall logistics costs."Ashok Leyland, one of India's leading commercial vehicle (CV) manufacturers, remains optimistic about the growth prospects of the CV industry in the current financial year, backed by a strong economic outlook, infrastructure improvements, and changing industry trends.Speaking on the industry outlook, Sanjeev Kumar said, "The CV industry saw a growth of 3 per cent last year. For the current year, we expect the industry to continue on a positive trajectory with a single-digit growth of around 3 to 5 per cent. This will mark the fourth consecutive year of sustained growth for the CV sector."
00:00I think CV industry last year saw a degrowth of 3%. However, for current year, we are hopeful that CV industry is going to go through a single-digit growth, which could be 3 to 5%.
00:15And this is fourth year in running for the CV industry to maintain this kind of growth.
00:22So, generally, if you see in the past, after every second year, we have seen the downtrend. So, this is fourth year running and we are quite upbeat about CV industry, I would say.
00:34What is your expectation for the next coming 5 years?
00:38We expect, at least, we are sure about next year. We expect this growth to continue next year. And probably we will see a dip and then we can again see a cycle of growth.
00:49See, overall, fundamentals are strong. When you look at India, all of us are aware that India continues to be a bright spot in the overall world economy.
01:01And when GDP grows, the major fishery is always CV industry. You have more consumption. The core industry is doing well.
01:09And it really helps in the CV industry as we are the major players who are going to get benefited out of this growth.
01:15So, as cost of commercial vehicles is going to come down or so?
01:20I would say that with better Infra, industry is going through a transition where, you know, earlier we used to go for small tunnage trucks.
01:31Now, India is going through this transition where we are going for a higher tunnage trucks. We are going through prime movers because Infra can support that.
01:39So, it may not lead to reduction in the cost of the trucks, but it will definitely make the overall cost of running trucks competitive.
