 "Ashok Leyland undertakes cost cutting measures to save Rs 500 crore")
The sales of commercial vehicles (CV) remained slow year-on-year in December 2019 as the automobile sector continued to reel under the pressure of an economic slowdown. However, the month-on-month sale witnessed a growth of 10-15 per cent owing to pre-buy and heavy discounts. Tata Motors, the country's largest CV manufacturer, reported a 13 per cent drop in domestic commercial vehicle sales at 31,469 units in the previous month from 36,180 units, a year ago.
"Retail was higher than offtake by around 13 per cent in December, with further stock reduction, as we move closer to BS-VI transition. Overall sales continued
