5 top largest CV makers in June 2022
Modified On Jul 07, 2022 12:53 PM
As per the FADA retail sale data, we rank top truck brands with the highest market share in the month.
The Federation of Automobile Dealers Associations released Vehicle Retail Data for the month of June’22. The data indicates a strong demand for commercial vehicles across all the segments of the market. The total retail sale of commercial vehicles stands at 67,696 units, up by a massive 89% (June’21:35,810). The break-up was LCV : 40,349, MCV:4,709 and HCV: 19,380 units, growing 86%, 124%, 102%, respectively.
According to FADA, on a year-on-year basis, total vehicle retail for the month of June’22 increased by 27%. All Categories including two-wheeler, three-wheeler, passenger vehicles, Tractors, and commercial vehicles were up by 20%, 212%, 40%, 10% and 89% respectively in the month pointing towards higher demand for vehicles across segments of the auto sector.
The 5-top commercial vehicles/Trucks brands recorded a strong growth across their portfolio registering a solid uptick in the overall number in the month.
Tata Motors continues to lead the pack with a total retail sale of 27,829 units, cornering a market share of 41%.
Mahindra ranked number second with a total sale of 15,950 units, taking 23.56% of the market share.
Chennai-based Ashok Leyland emerged as the third-largest player in the month by selling 10,105 units, taking 15 % of the market share.
Eicher commands a 7% share of the market with a sale of 4,509 units in the month.
Commenting on how June’22 performed, FADA President, Vinkesh Gulati said, “Auto Retail for the month of June’22 continued to show its positive run when compared YoY with June’21, a month which continued to face the brunt of covid. When compared to June’19, a pre-covid month, overall sales were down by -9%. Apart from PV and Tractors which were already above the pre-covid level for the last few months and grew by 27% and 40%, CV for the first time showed a growth of 4% thus indicating recovery slowly creeping in for this segment. While 3W narrowed its de-growth and was down by -6%, it’s the 2W segment that still remains the biggest cause of concern and is not picking as per expectation. The same was down by -16%.”
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