Pick up in economic activity bolsters CV sales in June

After the absolute bloodbath in May, commercial vehicle sales in June have shown signs of improvement. With economic activity slowly picking up following the easing of lockdowns and the second wave of Covid-19 showing  signs of flattening, CV sales are also signalling an upward trend. The number of enquiries as well as overall retail numbers are seeing improvement.

Overall, June sales are up 85 percent year-on-year at 39,809 units compared to 21,533 units in June 2020. CV sales in May 2021 were at a paltry 656 units as a result of lockdown in many regions across the country. On a ...