CV OEMs bear brunt of Covid resurgence, April sales down 52% over March

As India witnesses the surging second wave of Covid-19 and many states like Maharashtra, Delhi, Karnataka and Jharkhand announce lockdowns, the automotive industry, like other segments, is feeling the heat.

For commercial vehicle manufacturers, the situation continues to be a challenging one with almost a year of low sales volumes, dealing with local lockdowns, tepid consumer sentiment, and excess capacity. In FY2021, the CV industry reported a sales declines for the second year in a row. Total sales were 568,559, down 20.77% (FY2020: 717,593).

As per the sales data gathered for April 2021, cumulative wholesales for April ...