Commercial vehicle sales fall YoY, but grow MoM by 10-15% in Dec 2019

Ashok Leyland witnessed a rise in the sale of buses by 85 per cent to 2,560 units in December 2019 from 1,384 units, a year ago

The sales of commercial vehicles (CV) remained slow year-on-year in December 2019 as the automobile sector continued to reel under the pressure of an economic slowdown. However, the month-on-month sale witnessed a growth of 10-15 per cent owing to pre-buy and heavy discounts. Tata Motors, the country's largest CV manufacturer, reported a 13 per cent drop in domestic commercial vehicle sales at 31,469 units in the previous month from 36,180 units, a year ago.

"Retail was higher than offtake by around 13 per cent in December, with further stock reduction, as we move closer to BS-VI transition. Overall sales continued