After cars, now truck sales hit a speed bump; decline 60% in August

India's economy grew by 5 per cent in the June quarter, the slowest in over six years. The manufacturing sector fared worse, growing at an abysmal 0.6 per cent. Listen to this podcast to know more

Post-GST, over 20 states have done away with the check post which has reportedly reduced transit time of transportation by 30-40 per cent. But industry fears the e-way bill system could undo reduction in commodity prices

1 min read Last Updated : Jan 03 2020 | 7:17 AM IST

Sales and job losses have hit companies in Pimpri-Chinchwad, an automobile hub bordering Pune.

Sales of medium- and heavy-duty commercial vehicles (M&HCVs), excluding buses, considered a barometer of economic activity, more than halved in August.

The overall volume at India’s top four M&HCV makers — Tata Motors, Ashok Leyland, Volvo Eicher, and Mahindra & Mahindra — fell 59.5 per cent to 31,067 units during the month, compared with the year-ago period.

Companies are now hinging their hopes on the festive season and a pre-buying ahead of the implementation of BSVI emission norms, which take effect on April 1, 2020. Listen to this podcast to know more

Also Read

Truck sales crash 60%; Ashok Leyland sees decline of 70% in August

First Published: Sep 04 2019 | 1:20 PM IST

After cars, now truck sales hit a speed bump; decline 60% in August

India's economy grew by 5 per cent in the June quarter, the slowest in over six years. The manufacturing sector fared worse, growing at an abysmal 0.6 per cent. Listen to this podcast to know more

Also Read

Truck sales crash 60%; Ashok Leyland sees decline of 70% in August

Amid falling freight rates, truck makers may not see demand picking up

Tata Motors expects ongoing financial year to be tough for truck market

Ashok Leyland truck sales drops 70% in Aug; total M&HCV sales slide 63%

Automobile R&D investments soar on new regulations, emerging technologies