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).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
