India CV OEMs maintain growth in August 2017, uptick in M&HCVs continues

There's good news on the commercial vehicle (CV) industry front. After a tepid Q1, the industry has seen growth continue for the second straight month.

All the key manufacturers have clocked sizeable growth in August sales. Tata Motors and Ashok Leyland have registered double -igit growth in  overall sales. Importantly, sales of the critical medium and heavy commercial vehicle (M&HCV) sector have maintained an upward trajectory in August.

The higher growth indicates that manufacturers have been able to address bottlenecks in the supply chain and streamline their BS IV production. It also appears that fleet operators are now gradually showing interest ...