CV sector to take 1-2 yrs to get back to 2018-19 sales volume levels: Siam

The commercial vehicle industry, which is facing "challenging" times, is expected to take at least 1-2 years to get back to the 2018-19 sales volume level when the industry crossed the one million sales mark, a top industry official said on Friday.

Domestic CV manufacturers dispatched 10,07,319 units from their factories across the year ended March 31, 2019, as compared to 8,56,916 units in 2017-18, logging a growth of 17.6 per cent.

"If you look at the current volumes, we are down to 70 per cent of the last year's sales. In the fiscal year 2019-20 (til August), it was already 30