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Commercial vehicle makers may incur Rs 6000 cr net loss this fiscal: Crisil

According to Crisil, the CV makers were already hit by new overloading norms and a slowing economy when the Covid-19 pandemic arrived

Covid-19 lockdown: Labour, stockpile make carmakers delay production
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Last time, in 2009-10, the total commercial vehicle sale in the country had clocked 5,33,000 units

Press Trust of India Mumbai
Commercial vehicle manufacturers are expected to incur a massive net loss of around 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 FY21, according to data, the total CV (commercial vehicle) sale in the country stood at 31,636 units, 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, with most of the trade and business activities coming to

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First Published: Aug 20 2020 | 8:46 PM IST

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