Gurugram: The Confederation of Indian Industry (CII) hosted the 4th edition of the Indian Commercial Vehicle Conclave (ICVC) 2025 on 25 July, in Gurugram. The conclave brought together senior leaders from OEMs, component manufacturers, policymakers, and technology providers to chart the way forward for India’s commercial vehicle (CV) sector.
The CV sector in India is witnessing a transformative shift driven by the push for electric mobility, alternative fuels, and long-term national goals around energy security and sustainability. As the industry evolves, it must align with cleaner, smarter, and more resilient mobility solutions aligned with the vision of Viksit Bharat@2047.
Delivering the keynote address, Mr Girish Wagh, Chairman, ICVC 2025 & Executive Director, Tata Motors Ltd, said, “The next phase of growth lies in embracing digital platforms, modernisation, standardisation, and customer trust.” He emphasised the need to respond to evolving customer expectations around in-cabin experience, vehicle safety, and overall ownership value through rapid innovation. Mr Wagh encouraged suppliers to capitalise on emerging opportunities, particularly in a landscape shaped by expanding infrastructure and rising demand. He also highlighted the importance of public-private collaboration under frameworks such as Gati Shakti, the Green Hydrogen Mission, Bharatmala, and Sagarmala. Calling for accelerated efforts in decarbonisation, design innovation, and technology integration, he reaffirmed the sector’s pivotal role in realising the vision of Viksit Bharat@2047.
Mr Nishant Arya, Past Chairman, CII Haryana & Vice Chairman & MD, JBM Group, stressed that legacy learnings would play a key role in preparing a future-ready roadmap as the CV industry, currently estimated at around USD 50 billion rise to a USD 70 billion industry by 2030. He also pointed to the rapid rise of electric mobility and the resulting demand for indigenous battery technologies and advanced BMS systems and highlighted the importance of building resilience and agility amid global uncertainty.
In his address, Mr Abhimanyu Sharaff, Chairman, CII Haryana & Managing Director, Sanden Vikas (India) Pvt Ltd, noted that India’s commercial vehicle industry is leading the way in redefining the future of mobility. He also highlighted the contribution of frugal innovation, engineering talent, and scalable solutions in driving the CV sector’s growth.
Concluding the inaugural session, Mr Saket Bhatia, Vice Chairman, CII Haryana & Managing Director, Bony Polymers Pvt Ltd, emphasised that infrastructure-led growth will remain a key driver, and the sector’s success will depend on effective collaboration and innovation, with sustainability at its core.
ICVC 2025 featured in-depth discussions on sectoral trends, regulatory expectations, emerging technologies, and advancements in design and engineering.
The event witnessed participation from leading companies including TCI, Valvoline, Lubrizol, DHL Express, Volvo, PMI, Vikas Group, Minda Corporation Ltd, and Switch Mobility, among others.