Uptick in demand for M&HCVs brings cheer to OEMs in December

The year 2020 was replete with challenges but the dawn of 2021 brings the seeds of hope and optimism. For the Indian commercial vehicle segment, the automotive barometer of the economy, faced the brunt of the lockdowns and demand crunch amid the overall downturn. But December 2020 has brought some cheer to CV makers.

Cumulative commercial vehicle wholesales last month totalled 59,741 units, which is 4 percent lower compared to December 2019 but 2 percent higher compared to November 2020. A close look at company-wise sales reveals strong demand for medium and heavy commercial vehicles (M&HCVs) with the country’s ...