Companies see Budget 2020 farm, infra push helping commercial vehicle sales

Tata Motors, Ashok Leyland, VECV Ltd report modest growth as economy slows and transporters are saddled with surplus capacity.

The Union Budget will perk up commercial vehicle (CV) sales held up by a slowing economy and transporters saddled with surplus capacity, said industry representatives as companies reported their latest figures.

Tata Motors' sales in domestic commercial vehicle sale dropped by 15 per cent in January 2020 to 31,348 from 37,089 in January 2019. The company’s Medium and Heavy Commercial Vehicles (M&HCV) saw a 41 per cent drop to 6,914 units from 11,694 units a year ago. Total domestic CV sales dropped by 26 per cent to 279,947 units from 378,664 units, a year ago. M&HCV sales dropped by 46 per