Commercial vehicles struggle for sales traction in July 2020
The CV segment, which had been the most adversely impacted in the past couple of years, needs a growth revival injection in the form of a scrappage policy.
04 Aug 2020
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Even as the green shoots of recovery are seen in the passenger vehicle and two-wheeler segments, they are missing in the segment that matters most – commercial vehicles – when it comes to overall recovery of India Auto Inc. Known to be the barometer of the economy, the CV industry’s current fortunes are mirroring that of India’s.
The Q1 FY2021 (April-June 2020) numbers were horrific to say the least. All segments and 13 sub-segments were in the red, with YoY sales declines are all between 68-95 percent. The CV sector is the worst hit with overall sales down ...
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