CV wholesales continue to grow in February, but demand sees slowdown

The wholesales of commercial vehicles have now started seeing slowdown, and while the overall numbers continue to be in green, the single-digit growth on month-on-month basis could be an indicator that the segment again may be facing challenges.  

In February, the overall commercial vehicle sales came at 72,434 units, a growth of 25 percent YoY (February 2021: 57,944 units), but just 3 percent higher compared to the previous month.

Tata Motors reported wholesales of 33,894 units, which was 9 percent higher compared to the same period last year. Except for the Intermediate & LCV segment the company saw an uptick ...