Pent-up demand, infra push drives M&HCV sales in February

The shortest month of the year February has turned out to be a positive month for commercial vehicle manufacturers in India with everyone except for Mahindra reporting sales in positive territory, albeit on a lower year-ago base.

The global automotive industry has been witnessing a major supply chain challenge as the shortage of semiconductors has hit disrupted manufacturing plans for OEMs alike. For the Indian automotive industry, looking at the overall domestic CV sales for the four major OEMs a feeling of optimism clearly is in the air what with pent-up demand and the country’s sustained spending on infrastructure ...