CV OEMs see glimmer of hope in modest October sales

India’s beleaguered commercial vehicle industry is finally witnessing some early signs of revival, if it can be called that given the low year-ago base for the month of October 2020. Wholesales CV despatches last month totalled 59,350 units (-4.2 percent YoY), compared to 61,953 units in October 2019.  

Market leader Tata Motors despatched 26,052 CVs, compared to 25,983 units for in October 2019, which marks 12 percent YoY growth. In terms of segment-wise sales, Tata Motors’ passenger carrier model was the only segment to be in the red, while its overall M&HCV and SCV witnessed positive momentum.