Commercial vehicles (CVs) and two-wheelers, after clocking big growth in January 2018, have reported a decline of 14.04 per cent and 16.06 per cent, respectively, in the same month this year over the equivalent period in 2019.
CVs and two-wheelers reported 39 per cent and 33 per cent growth, respectively, in January 2018 over the same month in 2017.
The two segments continue to feel the pressure of slowdown in rural sales and changes in regulations, among other things.
Industry representatives have said from the second half of the year, they hope to see revival because the rural economy is looking up and