Commercial vehicles swept away in May mayhem

May 2021 saw sales of commercial vehicles crash to 20,001 units,  47 percent lower than the preceding month.

With the second wave of Covid-19 spreading its reach in rural India, most states went in for lockdowns which brought economic activity to a screeching halt. The biggest casualty in the process was the CV segment.

In addition, availability of funds, low-capacity utilisation in M&HCVs and revised axle load norm continue to dog purchase decisions for  many customers. On the flip side, the growth in home deliveries is the best piece of news for pickups. This will also mean a fillip ...