Page 4 - Commercial Vehicle Sales
M&M reports sale of 40,403 units in March, exports stand at 2,126 units
Mahindra & Mahindra (M&M) on Thursday said it has sold a total of 40,403 units in March. The company had dispatched 6,679 units in March 2020 amid sales disruptions due to COVID-19 pandemic. The Mumbai-based automaker sold 16,700 passenger vehicles last month in the domestic market. It had dispatched 3,383 units in March 2020. It sold 21,577 commercial vehicles in the domestic market last month. The company had dispatched just 2,742 units in March 2020 due to coronavirus-led lockdown. "At Mahindra we are witnessing very good momentum in demand and have a strong pipeline of bookings across our SUV range of Bolero, Scorpio, XUV300, All-New Thar and also the Bolero Pik-up," M&M Automotive Division CEO Veejay Nakra said in a statement. In fact Bolero volumes for March have been the highest in this financial year and despite supply constraints the company has been able to ramp up production of Bolero Pik-up significantly during the month, he added. "We expect supply challenges .
 "M&M reports sale of 40,403 units in March, exports stand at 2,126 units")
Tata Motors reports sale of 66,609 units in domestic market in March
Total passenger vehicle sales last month stood at 29,654 units. The company had sold 5,676 units in March 2020
 "Tata Motors reports sale of 66,609 units in domestic market in March")
Tata Motors expects its CV sales to grow by over 36-38% in FY22
New launches, economic recovery and government spending on infrastructure to drive growth, says Girish Wagh
 "Tata Motors expects its CV sales to grow by over 36-38% in FY22")
Ashok Leyland's M&HCV truck sales rise 44% in February, bus sales fall 84%
The company's light commercial vehicle sales rose by 46 per cent to 5,662 units from 3,867 units in the year ago period
 "Ashok Leyland's M&HCV truck sales rise 44% in February, bus sales fall 84%")
Shortage of semiconductors, price hikes pull January auto sales into red
Dec had seen sales grow for 1st time this FY, which dealers called a one-off
 "Shortage of semiconductors, price hikes pull January auto sales into red")
CV wholesales in December outperformed in both, M&HCV and LCV segments
Demand for M&HCV segment is coming close to the pre-Covid level of 2019 but is still far below the 2018 level
 "CV wholesales in December outperformed in both, M&HCV and LCV segments")
Ashok Leyland shares rise nearly 4% after commercial vehicle sales data
Shares of Ashok Leyland on Friday gained nearly 4 per cent after the firm reported a 14 per cent increase in its total commercial vehicle sales in December
 "Ashok Leyland shares rise nearly 4% after commercial vehicle sales data")
Passenger vehicle retail sales rise 4% in Nov aided by festive demand: FADA
Automobile dealers' body FADA said passenger vehicle retail sales in November witnessed a year-on-year increase of 4.17% to 291,001 units as Diwali-Dhanteras led to rise in vehicle registrations
 "Passenger vehicle retail sales rise 4% in Nov aided by festive demand: FADA")
CV sales pick up but analysts don't bet on manufacturers' optimism
The recovery in core industries and resultant manufacturing output have increased freight demand for transporters, which in turn has supported CV sales
 "CV sales pick up but analysts don't bet on manufacturers' optimism")
VECV registers a 11.9% increase in sales to 4,200 units in October
VE Commercial Vehicles, a Volvo Group and Eicher Motors joint venture reported an 11.9% rise in sales for October at 4,200 units
Ashok Leyland commercial vehicle sales rise 1% in October to 9,989 units
Hinduja flagship firm Ashok Leyland reported 1% increase in total commercial vehicle sales to 9,989 units in October
Ashok Leyland truck sales up by 13 per cent in October to 3,762 units
Total vehicle sales dropped by two per cent to 8,885 units in October 2020 from 9,079 units, last year
 "Ashok Leyland truck sales up by 13 per cent in October to 3,762 units")
Tata Motors consolidated net loss widens in Q2 on weak operational show
However, the quarter reflected strong sequential recovery with positive pre-tax profit and major positive free cash flows following restart of production and reopening of global retailer network
Recovery in US commercial vehicle sales to support Bharat Forge's revenues
Some of the gains could be offset by weak India business and the oil and gas vertical
 "Recovery in US commercial vehicle sales to support Bharat Forge's revenues")
Ashok Leyland's output at 75% of pre-Covid levels: COO Anuj Kathuria
In a Q&A, Anuj Kathuria dwells on the segment shift towards intermediate commercial vehicles (ICVs) and tippers
 "Ashok Leyland's output at 75% of pre-Covid levels: COO Anuj Kathuria")
Tata Motors Q2 total sales surge 5% led by festive season, pent-up demand
Total domestic sales were up 13 per cent to 106,888 units from 94,454 units in July-September period last year
Auto retail sales down by 26.8% in August, jump in tractor segment by 28.7%
Dealers said that the overall demand is still not back to pre-Covid levels as banks and NBFCs continue to have a cautious approach towards funding
 "Auto retail sales down by 26.8% in August, jump in tractor segment by 28.7%")
CV sector to take 1-2 yrs to get back to 2018-19 sales volume levels: Siam
Domestic CV manufacturers dispatched 10,07,319 units from their factories across the year ended March 31, 2019, as compared to 8,56,916 units in 2017-18, logging a growth of 17.6 per cent
 "CV sector to take 1-2 yrs to get back to 2018-19 sales volume levels: Siam")
CRISIL pegs loss for Commercial vehicle makers at Rs 6,000 cr this fiscal
It says a 30 per cent decline in sales volume, on an already weak base, would lead to a nearly six-fold increase in net loss this financial year
 "CRISIL pegs loss for Commercial vehicle makers at Rs 6,000 cr this fiscal")
Bajaj Auto July sales drop 33% to 2,55,832 units, CV sales plummet 71%
Domestic sales in July this year were at 1,58,976 units as against 2,05,470 units, down 23 per cent
 "Bajaj Auto July sales drop 33% to 2,55,832 units, CV sales plummet 71%")