M&HCV Industry to Grow 5–7% in FY27

The medium and heavy commercial vehicle (M&HCV) industry in India is expected to grow by 5–7% in the financial year 2027.

This growth is mainly due to the need to replace old vehicles, increased government spending on infrastructure, and more private investment.

A senior executive from Ashok Leyland, a major vehicle manufacturer, shared these insights during the launch of their new air suspension trucks.

These trucks are a bit more expensive but can carry heavier loads and make long trips more comfortable for drivers.

The market has been doing well recently, especially after some initial problems early in the year.

Exports, which had been affected by global issues, are also starting to get better.

Overall, the outlook for the industry is positive, supported by strong construction activity and government spending.