India’s CV industry records second straight year in the red

While the mojo is back in the passenger vehicle and two-wheeler segments in India, the critical commercial vehicle segment, the barometer of the economy, continues to weather the brunt of the slowed-down business environment. As per data collated from company sales numbers, it is apparent that FY2021 marks the second year of a sizeable sales decline for the CV industry.

While it did not help that FY2021 took the full brunt of the Covid-19 pandemic, the beleaguered CV sector took a hit due to dampened industry investment in new projects. For FY2021, the cumulative domestic CV sales of the ...