Commercial Vehicles: Strong Growth Forecast for FY24

21 Nov 2023 CW Team

In a promising development for the urban transportation sector, commercial vehicles are anticipated to experience substantial growth in both sales and revenue during the fiscal year 2024. This positive forecast, highlighted in recent reports, suggests a potential resurgence in economic activities and underscores the crucial role of the commercial vehicle segment in supporting diverse industries.

The anticipated surge in sales is particularly noteworthy for heavy-duty commercial vehicles, indicating increased demand in sectors reliant on efficient logistics and transportation. The optimism surrounding fiscal year 2024 is fueled by factors such as ongoing infrastructure development, the expanding footprint of e-commerce, and a broader uptick in industrial operations.

The projected rise in revenue reflects the resilience of the commercial vehicle industry and its ability to adapt to changing market dynamics. Technological advancements, coupled with a focus on operational efficiency and sustainability, are likely contributing to the positive outlook for manufacturers in this sector.

As commercial vehicles prepare for a robust fiscal year, the industry's performance will not only be a barometer of economic recovery but also a critical driver of growth. Stakeholders are closely monitoring these developments to gauge the sector's contribution to the broader economic landscape and its role in facilitating seamless logistics and transportation services.

Overall, the optimistic projections for commercial vehicles in FY24 signal positive momentum for the urban transportation sector, indicating potential opportunities for manufacturers, businesses, and the economy at large.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..