CV Sales

The commercial vehicles (CV) wholesale volume may witness year-on-year growth of up to 3 per cent in current fiscal year, rating agency Icra said in a report on Monday. Icra had earlier estimated 4-7 per cent decline in CV volume for FY25. The change in projection is due to better-than-expected volume growth in first four months of the current fiscal and expectations of a marginal uptick in demand in the second half of the year, Icra said in a statement. FY25 will be the second consecutive year of muted growth for the CV segment after a 1 per cent and 3 per cent year-on-year growth in wholesale and retail sales, respectively last fiscal, it added. The medium and heavy commercial vehicles (trucks) volume in FY25 is expected to grow 0-3 per cent YoY, given the high base effect and the impact of general elections on infrastructure activities in the first few months of the fiscal, Icra said. Domestic light commercial vehicles (trucks) wholesale volume is expected to show muted growth

Within the 2W segment, analysts believe, mass-market original equipment manufacturers (OEMs) such as Honda, Hero Moto Corp, Bajaj Auto, and TVS are anticipated to perform well.

May auto sales preview: Nomura analysts expect passenger vehicle (PV) wholesales to grow by 6 per cent on a year-on-year (Y-o-Y) basis to 355,000 units.

Adopting a cautious stance for the near-term outlook, FADA said that low rainfall may impact rural auto demand during the upcoming festive season

'New model introductions, festive promotions, seasonal factors couldn't markedly boost sales'

VE Commercial Vehicles Ltd on Monday reported a 17.3 per cent growth in total sales at 7,221 units in December 2022. The company, a joint venture of the Volvo Group and Eicher Motors, had sold 6,154 units in December 2021, VE Commercial Vehicles (VECV) said in a statement. December 2022 sales included 7,003 units of Eicher brand and 218 units of Volvo brand, it added. In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 6,671 units last month as compared to 5,192 units in December 2021, a growth of 28.5 per cent. Exports of Eicher branded trucks and buses, however, declined 59 per cent at 332 units, as compared to 810 units in December 2021, it added.

Domestic commercial-vehicle (CV) sales volume will witness significant growth over the next few years and the overall CV volume is likely to reach close to 1-million units by FY24, a report said on Wednesday. The report by credit ratings agency Fitch Ratings also expects growing demand and the resultant rise in operating leverage to boost the profitability of the domestic CV-focused original equipment manufacturers after FY22, despite elevated production costs. A recovery in medium and heavy CVs from multi-year lows, along with sustained growth in light CV categories, will help overall CV volume to reach close to 1-million units by FY24 the level of the last cyclical peak recorded in FY19, it said. According to Fitch, domestic CV sales volume are expected to grow in the mid-to high-teens over the next few years. Factors like rapid recovery in India's economic activity after the pandemic shock and the government's planned increase in infrastructure spending will help sustain an ...

Company betting on alternate fuels for growth in commercial vehicles sales, says senior executive

The companies have unveiled an electric three-wheeler that rapid charges from 0-100 per cent battery capacity within 15 minutes at Exponent's e-pump network

Senior executive says 'early signs of slowdown in global economy'

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

Had it not been for shortage of CNG kits and semiconductors, overall sales would have expanded more, say industry players

As lockdowns ease from the second quarter, freight demand and rates could normalise, aiding demand for CVs.

Unlike the first wave, which was largely limited to urban clusters, the second wave has seen deeper and wider penetration, including rural hinterlands

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 .

Cumulative dispatches at top four manufacturers including advanced 1.21 per cent year-on-year

Faster recovery seen with festive season ahead, though overall sales are likely to be lower, as Q1 was completely washed out

In a Q&A, Anuj Kathuria dwells on the segment shift towards intermediate commercial vehicles (ICVs) and tippers

Companies expect recovery in second half of fiscal as BS VI approaches, claim banks and NBFCs showing greater interest in financing

Weighed down by an economic slowdown and increase in axle load - 30% additional capacity - major CV companies are expected to report a decline of around 20% in sales volumes in October 2019