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Commercial vehicle makers to incur Rs 6,000 cr net loss this fiscal: Report

CV makers were already hit by new overloading norms and a slowing economy when the Covid-19 pandemic arrived and sales volume had fallen 29% in the fiscal year ended March 2020

Used commercial vehicle sales see uptick amid auto sector slowdown

In the first quarter of this fiscal, volume plunged another 85 per cent because of the pandemic-driven lockdown

Press Trust of India Mumbai
Commercial vehicle manufacturers are expected to incur a net loss of Rs 6,000 crore in the current financial year, with the volume likely to touch its lowest point in a decade after two consecutive years of high de-growth, Ratings agency Crisil said on Thursday.
In the April-June period of financial year 2021, as per data, the total CV (commercial vehicle) sale in the country stood at 31,636, a decline of 85 per cent year-on-year as the country remained in the Coronavirus-induced lockdown for most part of the June quarter and, most of the trade and business activities coming to a temporary

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First Published: Aug 20 2020 | 7:51 PM IST

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