CV sales in last 4 months slip, but industry hopeful of robust growth

The first half of 2019 is expected to be slow while the second half should see a push once pre-buying for BS-VI kicks in

For the last four months, commercial vehicle (CV) sales have seen a persistent fall but industry officials argue that the numbers are not comparable since the previous year’s base was high.

Despite all the hardships during the last two quarters — slowing economic activity, high interest rates, lag effect of implementation of revised axle load norms, slowing industrial output and declining IIP growth — the industry is hopeful that it will see a robust growth soon. For instance, it is hoping for a 15 per cent growth in the truck segment in fiscal year ending March.

Tata Motors’ M&HCV volumes declined sharply