Medium, heavy duty trucks sales down 20% in Nov after months of brisk pace

Sales of medium and heavy commercial vehicles (MHCV) for most of the manufacturers fell sharply in November after advancing at a brisk pace for over a year, reflecting a sluggishness in overall economy. 

Combined sales at top four manufacturers — Tata Motors, Ashok Leyland, Volvo Eicher Commercial Vehicles, and Mahindra and Mahindra — dropped 20 per cent to 20,324 units in November, compared with the same period a year ago, shows monthly sales data released by auto companies. 

The drop in sales have come on the back of higher cost of borrowing, lesser load and reduced freights, which in turn