Commercial vehicle sales dropped steeply in March 2014.
Tata Motors' sales of commercial vehicles dropped 41 per cent, while Ashok Leyland reported a 27 per cent drop in commercial vehicle sales when compared to the same period in the previous year.
For both companies, the most affected segment was the light commercial vehicles (LCVs). Ashok Leyland reported a 41 per cent drop with sales of 2,563 LCVs, while Tata Motors dropped more steeply by 50 per cent to 20,938 LCVs.
For the full fiscal, Tata Motors sold 1,10,231 medium and heavy commercial vehicles and 2,68,117 light commercial vehicles. Sales were down by about 30 per cent for the full year.
During the same period, Ashok Leyland sold 60,437 medium and heavy commercial vehicles and 28,995 light commercial vehicles. Sales for the full fiscal were down 22 per cent.