A slow November for CV sales post the holiday season. While the SCV, I&LCV & Bus segments showed a slight growth, the M&HCV segment de-grew in November. The industry also saw a significant drop of 19% vs October 2023. This is significant, as we enter the last 4 months of the year where the industry …
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CV Sales August 2023
Commercial Vehicle (CV) sales in August 2023 rebounded in the I&LCV, Bus and M&HCV segments. SCV segment ended flat vs. the same month last year. Among manufacturers, VECV had a strong month with a growth of 30% for the month. The overall CV segment also showed a growth vs. July 2023 as we enter the Festival season.
Festive Truck Sales: Oct 2022
Festive truck sales in October continued to provide cheer to Commercial Vehicle sales. While overall CV sales was nearly 75K units for the top 5 manufacturers, the overall sales de-grew by (5%) vs. a strong September 2022. Consumption of FMCG and other products which grew steadily in single digits prior to Diwali fell by over …
CV Sales update May 2022
The CV industry had a strong showing in May 2022. The industry grew 253% vs. the same month last year (do note that May 2021 was impacted by Wave 2 of Covid). The performance is heartening and has helped the industry get off the blocks as quick as Usain Bolt.
CV Sales face unexpected speed bump in August 2021
CV Sales face unexpected speed bump in August 2021. The semi conductor shortage has had a significant impact on SCV sales which in turn has hit overall sales of CVs significantly. The SCV segment de-grew by (7%) vs August last year and (18%) vs July 2021. All other segments continued to be on a growth …
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CV Industry sales figures Q1 FY22
CV Industry sales figures for Q1 FY22 are shown in this post. A detailed summary of Q1 FY22 volumes in the CV industry by manufacturer and segment is added here. We summarise volumes on SCV, I&LCV, M&HCV and Bus segments below. To buy or sell used trucks and buses, please go to www.leaptrucks.in. Please leave …
Leading indicators from Q1 FY22 point to a steady recovery in Truck Sales
Leading indicators including truck utilisation, freight rates and the sales mix across segments indicate that recovery is around the corner for truck sales. Improving collection efficiency of CV financiers and the attractiveness of CNG trucks will help propel the industry to a steady growth starting Q2 FY22. For the full article, please go to ETAuto …
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6 Key CV industry trends (& Analysis of Feb 2021 sales)
We summarise 6 key CV industry trends and analyse the sales of Commercial Vehicles in February 2021. February was a challenging month for the industry with the top 5 manufacturers showing a modest de-growth of (1%) in Feb 2021 vs Feb 2020. Year to date, the industry is continues to be down by over (30%). …
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CV Clips – Bus Overview Nov ’20
CV Clips – Bus Overview Nov ’20. A brief overview of the performance of the Bus segment in the month of November 2020. We review some key trends, key market challenges and our observations on the passenger segment. Subscribe to our blog at www.leaptrucks.in/blog. You can also buy used trucks, buses and construction machines at …
CV Clips – SCV Overview Nov ’20
CV Clips – SCV Overview Nov ’20. A brief overview of the performance of the SCV segment in the month of November 2020. We review some key trends, market sectors performing well and our outlook for Q4 ’20-’21. Subscribe to our blog at www.leaptrucks.in/blog. #SCV, #Leaptrucks, #Mahindra, #TataMotors, #AshokLeyland, #Maruti