Global 6Wresearch Market Reports

India Light Commercial Vehicle Market Overview India light commercial vehicle market witnessed market growth steadily in the period 2018-20 on account of rise in retail and warehousing industry driven by rising personal income coupled with rising population which led to an increase in overall consumption. The advent of delivery startups strengthened the logistic service industry's ecosystem due to which the demand for light commercial vehicle in the cargo segment increased during the period. During 2021, light commercial vehicle market experienced downfall specially in the passenger category owing to COVID-19 due to stringent lockdown which brought economic activities and travel to a standstill since, majority of the population remained indoors. Upon the upliftment of lockdown, risk of ctr However, in the coming years the market is expected to rise on account of economic development in the country which would drive the demand for light commercial vehicle across different domains. ...