Commercial vehicle sales declined 23% in the first half of FY20: SIAM

SIAM said the slowdown in the commercial vehicle segment might continue in Q3FY20 owing to the implementation of various regulations

India's commercial vehicle (CV) sales in the domestic market declined 23 per cent on a year-on-year basis while production fell 27 per cent during the first half of the current financial year, in continuation with the demand slowdown that has dragged down the industry in several past months. 

The trend continued in September as the production of CVs slipped to 4,09,153 units from 5,59,514 units a year ago, data by the Society of Indian Automobile Manufacturers (SIAM) shows. Domestic sales declined to 3,75,480 units from 4,87,319 units in the same quarter last year. Exports declined by 41.58 per cent to 30,564