Commercial vehicle sales down 84% in Q1, OEMs brace for difficult FY2021

The Indian commercial vehicle (CV) segment has been one of the worst affected segments in the domestic market. If Q1 FY2020 sales numbers are anything to go by, the segment which has been for long been considered the barometer of an economy, is now set to witness one of its worst periods ever.

Tata Motors, the country’s largest CV maker and the market leader, has reported sales of 9,274 units in Q1 FY2021, a significant drop of 92 percent compared to the same period last year. This includes sales of 2,117 M&HCVs (-92%), 928 I&LCVs (-92%), 325 passenger ...