CV sales down 16% in August

The commercial vehicle industry, one of the worst affected segments in the Indian automotive industry, has released its sales numbers for August 2020 and the scenario still looks bleak.

This sector, which was the worst impacted in Q1 FY2020, will continue to feel the pressure of a slowed-down economy, what with the GDP also crashing to its lowest yet for the April-June 2020 period. If at all, then OEMs are pinning their hopes on the pent-up and replacement demand for some respite.

The combined sales of the three major OEMs – Ashok Leyland; Mahindra Trucks & Bus and ...