Commercial Vehicle Group Inc (NASDAQ: CVGI) is a commercial vehicle components company that designs and manufactures electrical wire harnesses, seating systems, and trim accessories for original equipment manufacturers. Revenue is transactional, generated by selling components directly to OEMs for incorporation into new commercial vehicles, with a secondary aftermarket channel selling replacement parts to service organizations, wholesalers, retailers, and installers. CVGI supplies two primary segments: Global Electrical Systems, which produces wire harness and wiring architecture products, and a seating and trim operation covering cab-related components. End markets span North American medium and heavy-duty commercial trucks, construction and agriculture equipment, military vehicles, specialty and off-road vehicles, and electric vehicles. The company operates manufacturing facilities across North America, Europe, Asia, and Australia, with a significant portion of its workforce in Mexico and Europe represented by unions as of December 31, 2025. CVGI closed $210 million in senior secured credit facilities on June 27, 2025, indicating a debt-funded capital structure.

Revenue model

Transactional sales of components to OEMs for use in new commercial and construction vehicles, plus aftermarket sales of replacement parts to service organizations, wholesalers, retailers, and installers.

Products and services

Wire harnesses and wiring systems (Global Electrical Systems segment); commercial vehicle seating; cab trim systems and components; mirrors, wipers, and wiper systems sold under the AdvancTEK, Moto Mirror, Sprague Devices, and RoadWatch brand names.

Customers and end markets

OEM customers in North American medium and heavy-duty commercial trucking, construction and agriculture equipment (cranes, dozers, excavators, tractors, loaders, graders), military vehicles, specialty and power sports vehicles, electric and alternative-fuel vehicles, bus, and municipal markets. Purchasers of commercial trucks include fleet operators, owner operators, governmental agencies, and industrial end users.

Value-chain role

Tier-1 component supplier to OEMs. Designs and manufactures electrical systems and cab interior components that are assembled directly into new commercial and construction vehicles.

Geographic exposure

North America (including significant manufacturing in Mexico), Europe, Asia, and Australia, as indicated by workforce disclosures as of December 31, 2025.

Source: SEC 10-K, filed 2026-03-10

Industry: Motor Vehicle Parts & Accessories Peers: IDEANOMICS, INC. Blue Bird Corp Caterpillar Inc Lightning eMotors, Inc. Manitex International, Inc. Miller Industries Inc Xos Inc Twin Disc Inc