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Production in Indian light commercial vehicle (LCV) segment witnessed a growth of more than 20%. At present, there are 7 manufacturers in Indian LCV segment. With increasing demand for load carriers, a few manufacturers are expanding their capacity and some of them are setting up new plants. Some of the manufactures are also in the process of launching new models of LCVs.
In India, Mahindra & Mahindra is the leader among LCV manufacturers with a production of 1.28 lakh LCVs during financial year 2005-06, followed by Tata Motors and Ashok Leyland.
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