India CV sales record sharp recovery in July 2017, uptick in M&HCV numbers

After reasonably tough Q1 (April-June 2017) when overall sales at 151,837 units were down 9.08 percent YoY, the commercial vehicle (CV) sector has recorded a sharp recovery in July driven by an uptick in the critical medium and heavy commercial vehicle (M&HCV) segment. After the steep declines in April (-22.93%) and May (-14.40%), CV manufacturers saw green shoots of recovery and entered growth lane (+1.44%).

For July, which opened the era of GST, all major CV manufacturers have registered higher growth across both the M&HCV and LCV segments. Market leader Tata Motors, which has seen a correction in its ...