Uptick in LCVs helps M&M grow CV market share in April-July 2017
With 47 percent of the LCV goods carrier market, Mahindra & Mahindra expands its overall CV share. However, its slow growth in M&HCV goods carriers prevents it from taking up cudgels with Tata Motors and Ashok Leyland.
14 Aug 2017
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Mahindra & Mahindra, the largest UV maker in India, has seen its market share decline in recent times due to intensifying competition in the fast-growing SUV segment. However, the scenario is very different in the commercial vehicle (CV) segment, where the company has gained new market share due to greater traction in the LCV business.
The LCV impact is so much that in the overall CV market, for the April-July 2017 period, M&M is the sole player to have increased market share. The company sold a total of 61,486 units for a market share of 29.16% in the overall ...
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