Expecting Government To Focus More On Capital Expenditure Says Vinod Aggarwal

Vinod Aggarwal, MD & CEO of VECV, highlighted the challenges faced by the commercial vehicle industry in 2024. He noted a 2% decline in the sub-3.5 tonne segment, attributing the downturn in the truck industry to a slowdown in infrastructure development. However, the bus segment showed resilience with a 19% growth. Aggarwal expressed optimism that increased government allocation for capital expenditure could help revive the industry, especially in the trucking sector.