Commercial vehicle sales reflect economic sentiments, says Vinod Aggarwal of VECV

In an interview with CNBC-TV18, Vinod Aggarwal, MD and CEO, Volvo Eicher Commercial Vehicles, shared his views on the slump. “Commercial vehicle (CV) sector is directly linked to the sentiments in the economy. If the economy is down, CV industry has to be down and right now the entire economy is down. Last month was in fact very bad for the industry, the sales of heavy duty trucks were dropped by more than 60 percent and light-medium trucks saw a sales fall of 40 percent. So overall drop has been very significant,” he pointed out.