CV sales plunge by 41% in August, Tata Motors and Ashok Leyland see a new low 

The commercial vehicle sector, like the passenger vehicle industry, continues to be badly hit by the ongoing downturn. As per the initial numbers released by CV OEMs, it looks like the consolidated numbers in August 2019 will see a new low.    

Sales of medium and heavy commercial vehicles (M&HCV) have been the most impacted. Tata Motors and Ashok Leyland, the two largest players in the segment, have seen their M&HCV sales plunge by 58 and 70 percent respectively.

The overall slowdown in the economy means has there are fewer consignments and loads to be transported across the ...