Tata Motors, Ashok Leyland see uptick in sales in January

After December 2016’s sluggish sales, January 2017 numbers point to an optimistic scenario for most commercial vehicle manufacturers who had seen reduced offtake after demonetisation.

Tata Motors, the largest CV player in the country, registered higher growth in the construction segment of M&HCVs, its buses also seeing double-digit growth thanks to demand from STUs, corporates and schools. Ashok Leyland’s M&HCV sales saw single-digit growth as did Mahindra & Mahindra and VE Commercial Vehicles.

The upcoming BS IV emission norms from April this year, mandatory for the entire CV industry, are expected to accelerate sales in Q4 of fiscal ...