Global Commercial Vehicle Outlook Projected to reach 3.5 million units by 2025
The global medium & heavy commercial vehicle sales were 3.3 million units in 2024 and are projected to reach 3.5 million units in 2025, witnessing a YoY growth of 4.4% from 2024 to 2025. Further, within the regional market Asia Pacific region accounted for almost half of the market share. While the Internal Combustion Engine (ICE) Vehicles held the major share, the Battery Electric Vehicles (BEV)...