印度的商用车辆部门呈现复苏迹象,需求不断增长,其驱动因素是盈利能力、税收降低和车队老化。 India's commercial vehicle sector shows recovery signs with rising demand, driven by profitability, lower taxes, and fleet aging.

印度的商业车辆部门正在出现周期性复苏的早期迹象,其驱动因素是运营者的盈利能力提高,GST税率降低,提高了可负担性,车队老化,平均年龄近10岁,造成强劲的更换需求。 India's commercial vehicle sector is showing early signs of a cyclical recovery, driven by improved operator profitability, lower GST rates boosting affordability, and an aging fleet averaging nearly 10 years in age, creating strong replacement demand. Nomura预测,2025-26年和2026-27年,中、重型车辆年同比增长8%-10%,加上运费上涨、即将出台的安全条例可能引发预购前、基础设施支出、新车辆发射以及恢复出口需求,这些都为2025-26年和2026-27年的中、重型车辆量增长提供了支持。 Nomura forecasts 8-10% year-on-year volume growth for medium- and heavy-duty vehicles in 2025-26 and 2026-27, supported by rising freight rates, upcoming safety regulations likely triggering pre-buying, infrastructure spending, new vehicle launches, and recovering export demand. 轻商业车辆需求在削减《全球货物限制条约》之后已经获得了势头,加强了该部门的积极前景。 Light commercial vehicle demand has already gained momentum post-GST cuts, reinforcing the sector’s positive outlook.