Indian automobile industry witnessed a growth of 32.86% in light commercial vehicles segment. Indian light commercial vehicles (LCVs) include a range of vehicles, such as cargo, tempo, mini trucks, buses, etc. A few of the passenger cars, such as vans, are now being treated as LCVs. Tata Motors, Mahindra & Mahindra, Ashok Leyland and Swaraj Mazda are the leading Indian manufacturers of LCVs.
Production
During financial year 2005-06, Indian LCV production showed a growth of 23.68% over the preceding year. LCVs have been showing an upward production trend. At present, there are more than 1 lakh LCVs (in units) being manufactured in Indian automobile sector.
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