With the second largest road network in the world, road transportation has been the main way of commute for Indians. So much so that approximately one in every four Indians in the country owns a vehicle. At the end of fiscal year 2020, the country’s capital had around 278 thousand registered light commercial vehicles.
The growth in infrastructure projects combined with the BS VI standards release resulted in a pre-buying boost for the commercial vehicle sector. Due to the government’s payout to the contractors, the offtake in the commercial vehicle segment improved as well. The boost in the infrastructure projects over the coming months is likely to align well with the medium and heavy commercial vehicle segments.
Number of registered light commercial vehicles across India in financial year 2020, by major cities
(in 1,000s)
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Ministry of Road Transport and Highways (India). (July 16, 2023). Number of registered light commercial vehicles across India in financial year 2020, by major cities (in 1,000s) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/666668/registered-lcvs-by-major-city/
Ministry of Road Transport and Highways (India). "Number of registered light commercial vehicles across India in financial year 2020, by major cities (in 1,000s)." Chart. July 16, 2023. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/666668/registered-lcvs-by-major-city/
Ministry of Road Transport and Highways (India). (2023). Number of registered light commercial vehicles across India in financial year 2020, by major cities (in 1,000s). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/666668/registered-lcvs-by-major-city/
Ministry of Road Transport and Highways (India). "Number of Registered Light Commercial Vehicles across India in Financial Year 2020, by Major Cities (in 1,000s)." Statista, Statista Inc., 16 Jul 2023, https://www.statista.com/statistics/666668/registered-lcvs-by-major-city/
Ministry of Road Transport and Highways (India), Number of registered light commercial vehicles across India in financial year 2020, by major cities (in 1,000s) Statista, https://www.statista.com/statistics/666668/registered-lcvs-by-major-city/ (last visited October 30, 2024)
Number of registered light commercial vehicles across India in financial year 2020, by major cities (in 1,000s) [Graph], Ministry of Road Transport and Highways (India), July 16, 2023. [Online]. Available: https://www.statista.com/statistics/666668/registered-lcvs-by-major-city/