Election code impacts commercial vehicle sales in post-festival period

When asked about this, a company executive of a leading CV player said that the figures for only one month were down due to some stock correction happening at the retail end

The election code, restricting the circulation of cash, has impacted commercial vehicle (CV) sales in the post-festival period, according to industry insiders. The limit on cash handling during elections is Rs 2 lakh.
 

Data from the Federation of Automobile Dealers Association (Fada) showed that CV sales were down by almost 2 per cent in November (the Diwali month) to 84,586 units, compared to 86,150 units during the same month in 2022. Compared to October, sales were down by 4.64 per cent.
 

 Fada numbers represent retail sales, or actual sales from the dealer to the customer.
 

Among companies, sales of industry