The household Commercial Vehicle industry saw a droop sought after in December 2018 for a large portion of the makers. Medium and Heavy Commercial Vehicles (MHCV) fragment has been affected the most by virtue of tight liquidity, unwinding of expanded GVW standards for existing trucks and a higher base impact of December 2017. Because of the administration's direction for blower/AC getting to be required in trucks beginning Jan 2018, the pre-purchasing had brought about a higher deals in Dec 2017.
Subsequently, Commercial Vehicle makers commanding the MHCV trucking like Tata Motors and Ashok Leyland, have been affected more than others. MHCV trucks of Tata Motors Commercial Vehicles have declined by 27% to 11506 units as against 15828 trucks sold in Dec 2017. Moreover, Ashok Leyland's MHCV truck deals seen soak decay of 29% from 15948 a year ago to 11295 units in Dec 2018.
Be that as it may, the Light Commercial Vehicles (LCV), Intermediate Commercial Vehicles (ICV) and Small Commercial Vehicles (SCV) fragment has to a great extent stayed level year on year due to developing E-business space alongside center and talked model of last mile conveyance. This is the motivation behind why LCV and ICV commanding CV producers like Volvo Eicher (VE Commercial Vehicles) and Mahindra have remained practically level.
Source: Commercial Vehicle Sales took a downturn in December 2018
