As per the data compiled by BigGaddi.com, Tata Motors reported 20% yoy decline in domestic CV volumes led by (1) 38% yoy decline in M&HCV truck sales, (2) 18% yoy decline in SCV cargo and pick-up trucks and (3) 2% yoy decline in I&LCV truck sales in May 2019. Domestic CV sales were weak mainly due to depressed freight rates and underutilization of trucks. The company also highlighted that slowing economy and s[...]
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