According to an ICRA report, India's commercial vehicle (CV) sector experienced a strong sales trend in January, indicating a favourable beginning to the year. The report states that the sector is projected to expand by 7–9% in FY26, fueled by rising economic activity, higher infrastructure investment, and consistent demand from core sectors like construction, mining, and logistics. Strong sales in January were fueled by solid replacement demand, ongoing progress in infrastructure projects, and consistent freight availability. The report also highlighted that the demand for medium and heavy commercial vehicles (M&HCVs) is expected to stay robust, fueled by government-driven capital spending and expansion in infrastructure and industrial sectors. Light commercial vehicles (LCVs) are experiencing a slow recovery, propelled by the growth of e-commerce and the need for last-mile delivery. Moreover, advantageous financing conditions, consistent fuel prices, and enhanced fleet utilisation rates are bolstering overall industry expansion. The report emphasised that replacement demand is likely to continue being a major growth factor, especially because of the ageing vehicle fleet and regulatory shifts. Growth in the construction industry, heightened work on road and highway initiatives, and escalating industrial output are expected to enhance freight transport, consequently increasing the need for commercial vehicles. In spite of global uncertainties, the Indian CV industry is anticipated to stay robust, backed by solid fundamentals that will foster consistent growth in the upcoming years.