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Despite last year's low base, sales of heavy-duty trucks moderate in Oct

The sales have moderated from 25% last month to 15% this month

Shally Seth Mohile 

Representative image
Representative image

After expanding at a brisk pace for the past several months, (CV) sales are showing signs of cooling off.

Even as most saw a year-on-year growth in the October sales due to last year's weak base, sales have declined for quite a few firms on a sequential month-on-month basis, signaling a weakness in demand.

Cumulative sales of heavy-duty trucks of top four makers, including Tata Motors, Ashok Leyland, Volvo Trucks India, and M&M advanced at 11.5 per cent to 23,818 units from the year-ago period, according to monthly auto sales released by the

“The sales have moderated from 25 per cent last month to 15 per cent this month. This is despite last year’s low base,” said S P Singh, a senior fellow at Indian Foundation of Transport Research and Training .

First Published: Thu, November 01 2018. 22:42 IST