CV makers record double-digit growth, cross million sales for the first time in FY2019

Despite FY2019 being an iffy fiscal year, full of ups and downs (with more of the latter), the commercial vehicle industry in India has come out with flying colours in the domestic market. That’s because CV OEMs have crossed the million-unit (10 lakh) sales milestone for the first time in a fiscal.

In FY2018, the CV industry sold a total of 856,453 units, which marked 19.94 percent year-on-year growth, and best-ever sales in a fiscal. Now, as per Autocar Professional’s analysis, and given the sales data released by 6 manufacturers, India’s CV industry has done even better to ...