CV sales drop 17% in November on slowdown, delay in infra projects

Companies expect recovery in second half of fiscal as BS VI approaches, claim banks and NBFCs showing greater interest in financing

Domestic commercial vehicle (CV) sales dropped by over 17 per cent in November 2019, going by individual company-announced despatches, to 57,510 units from 69,666 units a year ago.

While the numbers are better for major players month-on-month, demand continues to remain under pressure led by the slow pace of industrial activity, extended rain delaying infrastructure projects, and higher operating costs, among other factors. 

However companies expect a recovery in the second half of the financial year.

Domestic CV sales at the country’s largest commercial vehicle maker, Tata Motors, dropped nearly 17 per cent to 27,657 units in November 2019 from 33,488 units a