Commercial vehicle sales lag as coronavirus outbreak pulls down economy

Medium and Heavy Commercial Vehicles volumes dropped nearly 92 per cent YoY during the first quarter of Financial Year 2020-21 and Light Commercial Vehicles volumes plunged 87 per cent.

Commercial Vehicle (CVs) continue to do worst in overall auto sales as the coronavirus outbreak pulls down the economy and customers wait out to see the impact of new vehicular emission norms, said industry leaders.

Medium and Heavy Commercial Vehicles (M&HCV) volumes dropped nearly 92 per cent YoY during the first quarter of Financial Year 2020-21 and Light Commercial Vehicles (LCV) volumes plunged 87 per cent YoY.

Tata Motors, India’s largest CV maker, said domestic volume in the first quarter of the financial year dropped nearly 90 per cent to 9,274 units from 94,934 units during the same period last year. The