Despite last year's low base, sales of heavy-duty trucks moderate in Oct

The sales have moderated from 25% last month to 15% this month

After expanding at a brisk pace for the past several months, commercial vehicles (CV) sales are showing signs of cooling off. 

Even as most companies saw a year-on-year growth in the October sales due to last year's weak base, sales have declined for quite a few firms on a sequential month-on-month basis, signaling a weakness in demand. 

Cumulative sales of heavy-duty trucks of top four makers, including Tata Motors, Ashok Leyland, Volvo Trucks India, and M&M advanced at 11.5 per cent to 23,818 units from the year-ago period, according to monthly auto sales released by the companies. 

“The sales have moderated from 25