M&HCV sales in India fall after 23 months of growth

After as many as 23 months of consistent growth, the medium and heavy commercial vehicle (M&HCV) segment has seen its sales decline in July 2016. July 2016 saw total sales of 21,307 units, down 7.61% (July 2015: 23,061). In June 2016, M&HCV numbers grew marginally by 1.9%.

Interestingly though, the light commercial vehicle (LCV) sector, which saw a sales slowdown for over two years, is experiencing a growth momentumsince the past couple of months. In July, total LCV sales were up 6.31% with 51,583 units sold. Thanks to the LCV numbers, growth in the overall CV segment ...