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Global Commercial Vehicles Market (2021 to 2026) - by Product, End-use and Geography


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The Commercial Vehicles Market is predicted to grow at the rate of 6.7% CAGR by 2026. Commercial vehicles refer to those vehicles used for goods transport, transporting people, or providing a service. They have a major contribution to the overall country s economy. Commercial vehicles have various applications such as passenger transportation, logistics, industrial, mining, and many more.
Majorly, these vehicles are categorized into two types such as heavy and light, where heavy vehicles are used for heavy equipment, and light are used for passenger and goods transportation. Owing to the key factors such as rising digitization and the expanding infrastructure investments are anticipated to boost the commercial vehicles market growth in the coming years. The incorporation of telematics services, precisely the increasing demand from consumers for transport solutions, and the rising popularity ....

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Eicher Motors sells over 7000 CVs in March


VE Commercial Vehicles, an unlisted subsidiary of Eicher Motors, sold 7037 vehicles in March 2021 compared with 1499 vehicles sold in March 2020.
Total domestic sales were at 6054 units in March 2021 as against 1409 units sold in March 2020.
The company exported 816 vehicles during the month compared with 67 vehicles exported in the same period last year.
Total Volvo Trucks & Buses sales stood at 167 units in March 2021 as against 23 units in March 2020.
Eicher Motors is the listed parent of Royal Enfield, the global leader in middleweight motorcycles. In addition to motorcycles, Eicher has a joint venture with Sweden s AB Volvo - Volvo Eicher Commercial Vehicles which operates in India s commercial vehicle space. ....

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