Weighed down by an economic slowdown and increase in axle load - 30% additional capacity - major CV companies are expected to report a decline of around 20% in sales volumes in October 2019
Industry cites tight liquidity, dealyed monsoon; dealer inventories brought down with some help from manufacturers
Domestic car sales were also down for the third consecutive month, declining 2.65 per cent to 179,389 units
The two-wheeler sales volume rose at a robust 17% rate
Sales of commercial vehicles increased 13.78 per cent to 59,000 units in July, SIAM said