Tata Motors and Ashok Leyland slug it out for M&HCV supremacy
Medium and heavy commercial vehicles, which are the mainstay of the CV market, are also the ones with the fatter margins. And that’s where the top two players are battling it out in the Indian market.
15 Sep 2017
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The Tata Prima range of premium HCVs is gradually seeing an uptick in demand; Ashok Leyland's Captain HCV range is also gaining traction across various applications.
The mood is good in the domestic commercial vehicle industry, in fact much better than it was six months ago. That’s because 65,310 CVs were sold in August 2017 (+23.22%) and 276,147 units in the April-August 2017 period (+1.58%). While 26,376 M&HCVs were sold in August (+28.43%), 38,934 LCVs were also bought (+19.93%). Going forward, things can only get better.
Even as the critical medium and heavy commercial vehicle (M&HCV) market sees a sustained month-on-month sales uptick in the domestic market, helping drive the overall CV sector back into the black, a good number of industry eyes are firmly ...
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