Slowing M&HCV sales impact overall CV numbers in H1 FY2017, LCVs back in the black
Improved LCV sales numbers help save the blushes for the overall CV sector as M&HCVs face a slowdown in the first half of 2016-17.
6941 Views
If it weren’t for the slowing down of sales for the past few months that pulled down M&HCV numbers, then the overall sales picture in the commercial vehicle segment in India would have been far better.
During the April-September 2016 (H1 FY2016), combined M&HCV and LCV sales were 333,431 units, up 6% (April-September 2015: 314,595 units.
The medium and heavy commercial vehicle (M&HCV) segment, which is the largest contributor to the industry in value terms, saw a marginal sales decline. This can be attributed to tapering down of replacement demand, ambiguity on the final GST rate and hampered ...
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...
