Why a recovery in commercial vehicle sales is still proving elusive
M&HCV production in November dived 45.6% year-on-year, while that of overall CVs fell 16.4%
Pause in capex and declining freight rates amid lower farm production impacted truck sales
The mood is far from upbeat in the commercial vehicle (CV) industry. Within this category, the truck segment (medium and heavy CVs or M&HCVs) is among the worst-hit by the economic slowdown.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started