CV sales remain flat in November, OEMs await India's economic recovery

The commercial vehicle industry has now again plunged back in red after witnessing a few months of growth. In November, overall wholesales comprised 58,062 units, a growth of 1 percent over the same period last year, but registered a 2 percent drop over October.

The extended festive period in November was expected to drive momentum for the beleaguered commercial vehicle industry, but weak economic activities coupled with financial constraints led to many customers deferring their purchase decision.

In terms of sales, Tata Motorshas regained its leadership with sales of 26,218 units in November, which is 5 percent ...