COMMERCIAL VEHICLES CONFERENCE 2024

The commercial vehicle industry is often considered the barometer of a nation’s economic growth. India is a rapidly growing economy with a booming CV market, having sold nearly 900,000 commercial vehicles in FY2024, with further growth expected. The country has been making rapid strides and is amongst the fastest-growing economies in the world. The focus is not just on developing infrastructure but also on sustainable development progress. This means that the commercial vehicle segment will not only need to keep up pace with the needs of today, but also tomorrow. In 2022, close to 20,000 trucks and buses were involved in road accidents in India. This accounted for more than 7,000 people losing their lives. In addition to the topic of safety, there are also numerous challenges and opportunities for the Indian CV industry to address, such as new technologies, driver shortage, alternative fuel, GST/toll tax, new business models, and the ever-increasing acquisition cost, among others. Motoring Trends, as part of its endevaour is hosting the maiden edition of ‘Moving India Forward’, a one-day conference focusing on the Commercial Vehicle segment. The event will bring all stakeholders – OEMs, fleet operators, component makers, suppliers, industry experts and plenty more - together to foster discussion, collaboration, and progress within the Indian commercial vehicle sector.