Revival in economic activity, infra and rural demand pushes CV sales

Faster recovery seen with festive season ahead, though overall sales are likely to be lower, as Q1 was completely washed out

Commercial vehicle makers have started seeing uptick in sales following recovery in economic activity and revival of the infrastructure sector.

Tata Motors’ domestic commercial sales was flat on October 20 at 26,052 units as compared to 25,983 in October 2019 and 12 per cent up compared to September 2020 (23,245 units).

MHCV sales' grew by 9% to 5,033 units over September 2020 (4,606 units), and 3% over October 2019 (4,893 units), the first month registering growth over the previous year. CV exports in October 2020 were 45% higher than the previous month and 20% higher than October 2019.

Ashok Leyland's