Commercial vehicles continue to slip, top cos see decline in February sales

The commercial vehicles (CV) industry continues to be in doldrums, with sales falling for more than one and a half years. Top CV makers’ cumulative sales dropped by nearly 35 per cent in February 2020 compared to February 2019.

Industry representatives have said the situation is unlikely to improve soon as India’s economic activity is yet to pick up due to less business activity and consumer spending.

Sales of companies are under pressure due to axle load norms, liquidity crunch, goods and services tax (GST), BS-IV inventory correction and economic slowdown, among other factors.

Tata Motors reported 35 per cent