Amid Covid-19 crisis, commercial vehicle sales crash 89% in March
Tata Motors reported domestic sales of 5,336 units in March, down 89.52% from 50,917 units during the year-ago period
M&M reported its domestic CV volumes for March at 2,325 units, down over 90% y-o-y
Mumbai: The commercial vehicle (CV) segment, a major indicator of economic activities, has crashed 89% year-on-year in March as India comes to a screeching halt to deal with Covid-19 crisis. The segment took a deeper cut when compared to the passenger vehicles, which were down 52% in March.