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Amid Covid-19 crisis, commercial vehicle sales crash 89% in March

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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. Sales reported by the leading CV manufacturers, including Tata Motors Ltd, Ashok Leyland Ltd, Mahindra & Mahindra Ltd (M&M), Volvo Eicher Commercial Vehicles Ltd (VECV) and Maruti Suzuki India Ltd (MSIL) added up to 11,683 units in March, which has declined 89% on an annual basis.

The five CV companies had together sold 107,119 units in March 2019. The segment leader Tata Motors Ltd (TML) on Wednesday reported domestic sales of 5,336 units in March,

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United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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