CV sales rise 11% in November on low base, pickup in economic activity

Had it not been for shortage of CNG kits and semiconductors, overall sales would have expanded more, say industry players

A pick-up in the economic activities and low base of last year pushed up commercial vehicles sales in the domestic market in November year-on-year for most manufacturers.

Cumulative sales at the top CV makers rose 11 per cent to 59,872 units over the same period a year ago.

“Had it not been for the shortage of CNG kits and semiconductors, the overall sales would have expanded more,” said Vinod Aggarwal, managing director and chief executive at Eicher Motors. Half the demand in the 5-16 tonne segment has now shifted to CNG.  This caught the kit makers unaware, explained Aggarwal.

Commenting