According
to the Federation of Automobile Dealers Associations (FADA), on YoY basis, CV sales
were up by 19%. When compared with September’19, a pre-covid month, CV closed
in green by increasing 17%.
While
the CV segment grew by 19%, it is the HCV segment which showed a healthy growth
of 40% YoY. Reasons like better availability of vehicles, festivities, bulk
fleet purchase and Government’s continued push for infrastructure development
made this segment shine.
Tata
Motors continued to dominate the CV space with 28615 units, followed by
Mahindra & Mahindra with 17,483 units, Ashok Leyland with 11,284 units and
VE Commercial Vehicles at 4638 units.
|
Commercial Vehicle (CV)
|
|
Commercial Vehicle OEM
|
SEP'22
|
Market Share (%), SEP'22
|
SEP'21
|
Market Share (%), SEP'21
|
|
TATA MOTORS LTD
|
28,615
|
40.17%
|
24,822
|
41.42%
|
|
MAHINDRA & MAHINDRA LIMITED
|
17,483
|
24.54%
|
11,678
|
19.49%
|
|
ASHOK LEYLAND LTD
|
11,284
|
15.84%
|
8,476
|
14.14%
|
|
VE COMMERCIAL VEHICLES LTD
|
4,638
|
6.51%
|
3,808
|
6.35%
|
|
MARUTI SUZUKI INDIA LTD
|
3,036
|
4.26%
|
3,912
|
6.53%
|
|
DAIMLER INDIA COMMERCIAL VEHICLES PVT. LTD
|
1,162
|
1.63%
|
1,254
|
2.09%
|
|
FORCE MOTORS LIMITED, A FIRODIA ENTERPRISE
|
984
|
1.38%
|
861
|
1.44%
|
|
SML ISUZU LTD
|
725
|
1.02%
|
585
|
0.98%
|
|
Others
|
3,306
|
4.64%
|
4,531
|
7.56%
|
|
Total
|
71,233
|
100.00%
|
59,927
|
100.00%
|
Source: FADA Research
Disclaimer:
The above numbers do not have figures from MP, LD
& TS. Even though MP is now on Vahan, due to unavailability of previous
year’s figure, we have not taken them in our comparison for September’22.
Vehicle Retail Data has been collated as on 02.10.22
in collaboration with Ministry of Road Transport & Highways, Government of
India and has been gathered from 1,339 out of 1,411 RTOs.