The inaugural edition of our Sustainability Report 2023-24 marks a significant milestone in our journey towards integrating environmental, social, and governance (ESG) principles into our core business operations.
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Tax advisory and advisory services in India by Grant Thornton aim to help businesses of all sizes to formulate and implement effective strategies to optimize...
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The India Investment Roadmap resource is designed to navigate the complexities of Indian tax and regulatory laws, providing seamless guidance and a comprehensive set of solutions to ensure a smooth process for investors aiming to establish or expand their presence in India.
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Grant Thornton Bharat ESG and Risk Consulting provides expert governance, IT security, and forensic services, ensuring robust processes and controls for...
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In today’s time, businesses have gone through large transformation initiatives such as adoption of digital technologies, transition to cloud, use of advanced technologies et al.
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Grant Thornton Bharat sustainability report 2023-24
Supporting you to grow your business profitably through our partner-led deals service.
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Grant Thornton Bharat offers tailored assurance and auditing services in India, ensuring NFRA compliance, sector expertise, and risk-based audits for credible...
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Quarterly GAAP Bulletin – January 2025
A summary of significant accounting, auditing and related updates
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We offer top-tier agriculture consulting services, tackling challenges and driving growth in India's agri-industry. Discover our expert solutions now.
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Thought leadership Co-lending in India: Expanding credit access for MSMEsIn today’s rapidly evolving financial landscape, co-lending has emerged as a key enabler of credit expansion in India, facilitating partnerships between banks and non-banking financial companies (NBFCs) to extend credit more efficiently to underserved segments. -
Article Why India’s financial inclusion journey needs to focus on equity and access to creditFinancial services have expanded over a decade, giving millions access to bank accounts and digital payments. But true empowerment needs to reach every corner of the country if growth is to be long-term and sustained -
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Article Economic Survey 2024-25: Deregulation, investment and innovation for a Viksit BharatIndia's economic growth remains for a steady trajectory with real GDP expected to grow at 6.4% in FY25 and in the range of 6.3%-6.8% in FY26, reflecting resilience despite global uncertainties.
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Unlock growth potential in India's booming telecom market with Grant Thornton Bharat strategic consulting services. Trusted partners across the value chain.
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The pandemic has resulted in a 20.77% y-o-y drop in CV sales during April 2020-March 2021
Contents
The commercial vehicle (CV) industry experienced the toughest periods in this decade due to cyclical and economic slowdown. In the last two years, regulatory changes in the axle-loading norms led to an increase in the freight carrying capacity of the sector, reducing incremental demand, especially in the medium and heavy commercial vehicle space.
Other challenges include:
- Decline in sales due to the COVID-19 pandemic
- The non-banking financial institution crisis
- Transition to Bharat Stage-VI
- Fall in demand as a result of the second wave of the pandemic
This edition of Auto Bytes features various challenges the industry is facing and ways to overcome these. Find out the top trends shaping the industry’s future in India.
