India is a major automobile market - a force to reckon with not only in South Asia but globally. The Indian Medium and Heavy Commercial Vehicle industry showed promising growth and became the second largest production country after mainland China owing to a stable economy, government support and infrastructure boost. The short- to long-term outlook for the Indian MHCV industry remains optimistic exhibiting a growth trajectory both for production and sales volumes considering the positive economic conditions, e-commerce boom, and construction projects. The primary reasons behind this shift are India's clean environment and net carbon zero commitments at global platforms and moving away from its major dependence on crude import. Thus, due to government schemes and subsidies, electric buses have already become a reality while CNG-powered trucks also witnessed strong growth. Moreover, the change in market dynamics especially with the influx of electric buses has created avenues and opportunities for new players to venture out in the electrified bus space. The webcast, by and large, will focus on the challenges, key drivers, and major developments happening in the Indian medium and heavy commercial vehicle market, and the current trends in the production, sales, and powertrain space.

Speakers:

Tabish Md Jan
Research Analyst, Global Truck Research
S&P Global Mobility

Manat Bali
Research Analyst
S&P Global Mobility

Shubhankar Mengi
Research Analyst, Medium and Heavy commercial vehicle Production Forecasting
S&P Global Mobility