Continuing negative sales growth by domestic car makers such as Tata Engineering and Locomotive Co Ltd (BSE:TELC) [Telco] and Ashok Leyland Ltd (BSE:ASOK) in the medium and heavy segment pushed commercial vehicles sales down by 2.89 per cent between April and August.
A total of 53,459 commercial vehicles were sold during the first five months of the current fiscal against 55,054 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
Continuing negative sales growth by domestic car makers such as Tata Engineering and Locomotive Co Ltd (BSE:TELC) [Telco] and Ashok Leyland Ltd (BSE:ASOK) in the medium and heavy segment pushed commercial vehicles sales down by 2.89 per cent between April and August.
A total of 53,459 commercial vehicles were sold during the first five months of the current fiscal against 55,054 units a year earlier, according to data released by the Society of Indian Automobile Manufacturers (SIAM).
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