Gradual demand recovery, infra projects drive M&HCV sales in September

The commercial vehicle industry is hopefully witnessing recovery, which is being led by the medium and heavy commercial vehicle (M&HCV) truck segment. In fact, a closer look at the major CV players in India’s wholesales for the month of September 2021 depicts an average of 67% growth in just the M&HCV segment.

For the month, overall sales are 53,739 units, a growth of 2 percent over the same period last year. In terms of Q2 FY2022 sales, the overall industry wholesales saw a growth of 43 percent at 206,715 units compared to 144,655 units last year.

Tata Motors, ...