In India’s growing CV market, OEMs protect their turf
The CV industry is expected to grow during FY2016-17 largely driven by replacement demand, increased infrastructure spend in the country and partial lifting of the ban on mining activities.
12620 Views
After posting double-digit growth in FY2015-16, overall commercial vehicle sales in the first two months of the ongoing fiscal year have maintained the growth curve. At 110,924 units, they are up 17.11% on April-May 2015’s 94,713 units.
All the players seem to be safeguarding their turf. In the overall CV segment, Tata Motors maintains its leadership with a market share of 44.67%; the company sold 49,554 units as against 42,446 units in April-May 2015.
Mahindra & Mahindra, which has a smaller presence in the heavy commercial vehicle segment, managed second position due to its strong hold in the ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
RELATED ARTICLES
TVS increases scooter market share to 24% with half-a-million units in April-August
Autocar Pro News Desk
17 Jan 2023
With 523,458 units, TVS Motor Co records best-ever scooter sales in the first 5 months of a fiscal and also substantiall...
Maruti Suzuki strengthens its grip on car exports in H1 FY2023
Autocar Pro News Desk
10 Jan 2023
Having shipped 131,070 units in April-September 2022, Maruti Suzuki India accounts for 41% of total made-in-India vehicl...
Tata Motors No. 1 CV OEM in H1 FY2023 but loses market share in 3 sub-segments
Ajit Dalvi
10 Jan 2023
India’s commercial vehicle market is back in growth mode. While M&HCVs are up 88%, LCV demand has grown by 59%. An in-de...
