CV sales maintain strong momentum in May

India's commercial vehicle sector continues to maintain its strong momentum for the second month in a row in the current fiscal. Sales numbers announced by some OEMs for May 2018 indicate strong demand for trucks in the M&HCV segment.

The growth has come on the back of overall buoyancy in the economy, higher spending by the government in infrastructure development, road construction, increase in the number of irrigation facilities and housing projects across the country, thus resulting in strong demand for M&HCVs and tippers.

All the OEMs, including Tata Motors, Ashok Leyland, VE Commercial Vehicles and Mahindra & Mahindra have recorded strong ...