[wheelguy]

PRODUCTION
The October production figures remain muted with over 45% fall as compared to the same month last year. However, lower production month-on-month to beat the slowdown with partial plant shut-down, OEMs are successfully been able to rationalise the inventory across the distribution channel. This is a positive step for the industry to reduce the oversupply at the dealer's ends. The total commercial vehicle production in the month recorded 58,947 units. (October 2018: 1,08,135 units).

DOMESTIC SALE
Following the last few month's massive slump in sales, October commercial vehicle sales turned out to be no different as the industry continues to suffer from lower sales across the board. The depressing sentiments in the economy haven’t really seen any reversal, thus impacting the demand for trucks. In the domestic market, the overall CV sales remain negative with a double-digit fall of 23.3% in the month to 66,763 units. (October 2018: 87,067 units). The heavy truck segment recorded a sale of 12,797 units down by 54.9%, and the passenger carrier segment turned positive in the month to 2,527 units up by 7.5%. The LCV passenger and goods carrier segments posted sales of 2,417 units and 49,022 units in the month down by 10.2% and 8.5% respectively.

EXPORT
The total exports of commercial vehicles declined by 40.6% in the month to 4,752 units. All the OEMs exports look increasingly low as demand in the traditional overseas countries such as SAARC, Middle East, Africa, and Southeast Asian appears weak. Domestic market leader Tata Motors shipped a total of 1,939 units in the month (-55%), M&M exported 1,360 units (-19.3%), Ashok Leyland- 783 units (-3%), and VECV-372 units (-47%).

Source: TrucksDekho