Ageing truck fleet rekindles commercial vehicle makers' revival hopes

However, industry experts believe that FY26 could mark a turnaround, with mid-single-digit growth expected in the MHCV segment as replacement demand begins to pick up

After several sluggish years, India’s truck market remains in a challenging phase, with the average fleet age now at a historic high of 9 – 9.5 years — up from the earlier 7–7.5 years. This rise reflects a broader concern — weakening cyclical demand that has delayed fleet renewal across the industry.

 

However, a turnaround may be on the horizon. Industry experts predict mid-single-digit growth in the Medium and Heavy Commercial Vehicle (MHCV) segment in FY26, driven by an expected uptick in replacement demand. 

Tempering optimism, truck owners, however, strike a note of caution. The transition from BS IV to