Tata Motors maintains CV leadership amidst intense competition
The CV market leader, with a 44.41% market share, still rules but Mahindra & Mahindra and Ashok Leyland are fast upping the ante.
15 Apr 2019
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The commercial vehicle (CV) market has had a good run in the recently ended fiscal year 2019. It was the sole segment to notch double-digit growth and crossed the million-unit sales milestone for the first time – 1,007,319 units (+17.55%).
As in the passenger vehicle market where Maruti Suzuki India has a 51 percent stranglehold, Tata Motors has maintained its leadership in the CV segment for several decades now. However, intense competition both from domestic players and global OEMs has seen it shed nearly 10 percentage points over the past 7-8 years. The company closed FY2019 with ...
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