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Ashok Leyland takes strong lead in bus sales, grows market share to 45%

Chennai-based CV maker sells 15,517 M&HCV passenger carriers in first 10 months of FY2020, notching strong 22% growth and that too in a difficult period. Tata Motors, SML Isuzu and VECV also make gains.

By Ajit Dalvi

23 Feb 2020

84821 Views

In the April 2019-January 2020 period, Ashok Leyland has sold a total of 15,517 M&HCV passenger carriers (buses), which marks 22% YoY growth and increased its market share to 44.86%.

Tata Motors is benefiting from State Transport Undertakings (STUs) orders. In December 2019, it bagged business for 2,300 buses from 7 STUs; deliveries are slated for completion by end-February 2020.

In July 2019, Eicher unveiled a new 20.15 R 12m bus chassis tailor-made for intercity applications.

In the ongoing difficult fiscal year that India Auto Inc is currently experiencing, all key vehicle segments are in negative sales territory. In the April 2019-Janaury 2020 period, overall industry sales are down 15.55% comprising passenger vehicles (-15.38%), commercial vehicles (-36.46%), three-wheelers (-1.25%) and two-wheelers (-15.83%). Attribute this to the hugely dampened consumer sentiment, the industry shift to BS VI emission norms and no revival-driven measures from the Government, albeit the much-delayed vehicle scrappage policy is set to be unveiled soon.

However, not all is doom and gloom. There are two vehicle sub-segments which are firing on all cylinders ...

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