CV makers halt or cut production sharply amid slowing sales
Updated : July 16, 2019 06:55 AM IST
Sales of commercial vehicles dropped by 12.27 percent in June, and 9.53 percent in the April-June quarter of 2019-20 from a year earlier, according to industry group SIAM.
On Monday, a survey by market research firm IHS Markit said business sentiment in June was the lowest level since 2016.
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