Motors’ Commercial Vehicles (CV) domestic sales in July 2019 at 22,453 units
registered a drop of 36% compared to 34,817 units sold last July. Retail sale
is estimated to be higher than wholesale by 38%, thereby reducing the dealer
company focused on system stock reduction, in light of significant contraction
in demand, and impending transition to BSVI towards the end of the year,
necessitating consumption of entire BSIV stock by year-end. We will continue to
focus on reducing the system stock, including dealer stock in interest of their
profitability and working capital reduction.
The M&HCV truck segment July 19 sales at 5,465 units has declined by 46%
over July 18.
I&LCV truck segment sales in July at 3,167 units dropped by 21% over last
The SCV and pickup segment registered sales at 10,937 units in July 2019, a
drop of 30% over last July.
The commercial passenger carrier segment July’19 sales at 2,884 units
registered a drop of 42% over July 2018. Leaving aside the small commercial
passenger segment, sales was at 2700 units in July 2019 a marginal growth of
2.7% over July 2018.
challenging current environment our overall progress for BSVI transition is on
track, in terms of product readiness and certification, as well as field
preparedness, the company noted.
company’s sales from exports (from CV and PV) in July 2019 was at 3,374 units,
lower by 32% over July 2018. The focus has been to correct the stocks in SAARC,
Middle East and key markets in Africa.
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