CV sales pick up pace in Feb on improved macro economic factors

Cumulative CV sales at top-four players up 25% YoY to 72,434 units

Commercial vehicles (CV) dispatches at most firms rose sharply in February as an improvement in fleet utilization levels improved operators’ profitability prompting them to purchase new vehicles.

Cumulative CV sales at the top four CV makers including Tata Motors, Ashok Leyland,  Volvo Eicher Commercial Vehicles (VECV) that report their monthly sales, rose 25 per cent year-on-year to 72,434 units.

A pick-up in construction, mining, and real estate activities, coupled with the improved freight availability, also helped. Additionally, the last year’s low base also propped up dispatches.  Auto firms in India count dealer dispatches as sales.

The overall CV sales were