Truck Sales in September: Report Card
Published On Oct 05, 2016
After a slowdown in the previous few months, sales in September slowly began to pick up, with many brands registering encouraging numbers. While Mahindra and VECV showed a rise in commercial vehicle sales, other prominent brands such as Tata, Ashok Leyland and SML Isuzu still experienced a decline. However, the ongoing festive season and a good monsoon are expected to boost the demand for commercial vehicles. Thus, the current month may finally turn the tables for the industry and improve the growth ladder for all segments. Lets have a look at how the big brands fared last month.
Tata Motors, the market leader in commercial vehicles, witnessed a two percent decline in sales in September 2016 at 28,360 units. Although sales of light commercial vehicles showed a healthy 19 percent growth, Tata’s medium and heavy commercial vehicles continued to depict a continued strain period due to low replacement demand.
Overall domestic sales from April to September this fiscal year stood at 1,54,464 units, showing a growth of three percent as compared to the same period last year.
Sales of year-till-date as well as the last month displayed pretty much the same numbers for Mahindra & Mahindra Ltd. While overall commercial vehicle sales in September this year witnessed a growth of 11 percent at 16,081 units (as compared to 14430 units last year), YTD growth of Mahindra’s CVs stood at 82,836 units as compared to 75,074 units the same period last year (higher by 10 percent).
Ashok Leyland, one of the leading commercial vehicle makers in India, witnessed a fall of 18 percent in sales last month. The CV maker sold 12,057 units in September 2016, depicting a decline of 2,726 units as compared to the same period last year.
VECV has registered a good growth in September. The commercial vehicle maker reported a 14 percent increase in total sales last month at 4,843 units as compared to September 2015 which registered 4,248 units in sales numbers.
Overall sales of Eicher branded commercial vehicles rose by 17 percent while, in the domestic front, sales of Eicher CVs portrayed 20 percent growth (4,148 units in September 2016 as compared to 3,452 units in the same period last year). Sales of Volvo trucks stood at 109 units last month depicting a drop as compared to the year-ago period which witnessed sales of 201 units.
Sales of SML Isuzu declined by 5.3 percent last month. The CV maker sold 977 units in September 2016 as compared to 1,032 units in the same period last year. However, total sales for this financial year till date grew by 21.4 percent, registering 8,320 units, which is 1,468 units more than September 2015.