Overall CV sales in India turn positive in October

Except for Tata Motors, the LCV segment has recorded strong growth for Ashok Leyland and Mahindra & Mahindra indicating recovery is underway in the segment albeit a slow one for the sector which has seen more than two years of slump.

Autocar Pro News Desk By Autocar Pro News Desk calendar 02 Nov 2015 Views icon3467 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Overall CV sales in India turn positive in October

In an upbeat sign, commercial vehicle sales in October 2015 indicate strong growth in the overall segment. In what is very good news for the industry, like the medium and commercial vehicles (M&HCV) segment, the LCV segment seems to have turned positive last month. 

Except for Tata Motors, the LCV segment has recorded strong growth for Ashok Leyland and Mahindra & Mahindra indicating recovery is underway in the segment albeit a slow one for the sector which has seen more than two years of slump.

As regards specific numbers, Tata Motors’ total sales of 26,119 units in the month were down 4 percent (October 2014: 27,249). M&HCVs continued double-digit growth of 20 % with sales of 12,504 units (October 2014: 10,352). The LCV sales remain a negative 19% YoY at 13,615 units (October 2014: 16,897).

Ashok Leyland’s total sales were up 17% at 9,804 units sold (October 2014: 8,402). M&HCV sales rose 22%, selling 7,177 units (October 2014: 5,865). Its LCV numbers were up a marginal 4% with sales of 2,627 units (October 2014: 2,537 units).

Like September, Mahindra M&HCV’s sales remain strong, up 169% selling 581 units (October 2014: 216 units). Bucking the industry trends largely due to the popular pick-up range, the less than 3.5 T GVW segment notched up 29% growth and sold 17,770 units (October 2014: 13,811 units). Similarly the above 3.5T GVW segment has increased by 27% growth selling 405 units (October 2014-318 units). 

VE Commercial Vehicles (VECV) saw double-digit growth in the month with sales of 3,466 units for growth of 39% (October 2014: 2,494). 

october-2015-cv

Also read:

- Festive consumer demand boosts Passenger Vehicle sales in October

M&HCV sales maintain healthy growth in September

RELATED ARTICLES
Uniproducts India targets 15% growth till FY2027, eyes new EV OEMs for NVH parts

auther Autocar Pro News Desk calendar25 Apr 2024

The Noida-headquartered company, which is a leading manufacturer of roof liners, floor carpets, sound insulation materia...

Ford to build more EV software capability at Chennai tech hub

auther Autocar Pro News Desk calendar24 Apr 2024

Ford Business Solutions India, which currently employs 12,000 personnel set to add 3,000 more; Ford, which is known to b...

ASK Automotive to set up JV with Aisin to sell aftermarket parts for cars

auther Autocar Pro News Desk calendar24 Apr 2024

Ask Automotive will have 51% of the equity of the joint venture to be set up with Aisin Asia (Thailand) Company and Aisi...