Commercial vehicle sales moderate in October, M&HCV sales slow down

Of all the vehicle segments, the Indian commercial vehicle (CV) industry has been firing on all cylinders for quite some time now. After notching rapid growth of 38 percent in the first six months of FY2019, the sector has recorded lower double-digit growth of 21.63 percent in October 2018 (see detailed sales table below).

While it was known that the robust 38 percent growth was not sustainable for the full fiscal, it was estimated that the growth will moderate; however, October numbers indicate a higher-than-anticipated decline, albeit the growth is still on a higher plane than the other vehicle segments. ...