New Delhi: The commercial vehicles industry is bearing the biggest brunt of the slowdown this fiscal but it is expected to grow next year despite increase in prices due to BS-VI emission norms implementation, according to a senior official of Mahindra & Mahindra. "Overall, the CV industry is facing the biggest brunt of the (current) slowdown. Some pre-buying of BS-IV (vehicles) ahead of BS-VI implementation will happen but the industry will end in the red. Medium and heavy commercial vehicles (M&HCV) segment declined by 35.79% in the same period at 1,22,521 units as compared to 1,90,801 units in the first half of last fiscal. As per industry estimates, BS-VI compliant commercial vehicles are likely to be costlier by at least 10% than the existing BS-IV models.

Source: Mint October 20, 2019 06:00 UTC