Increased truck sales, new models help Leyland claw back market share

Leyland's share rose to 34%, from 30.2% in the same quarter a year before

Among the top three commercial vehicle (CV) makers, only Ashok Leyland gained market share in the medium and heavy (M&HCV) segment during the December quarter. The other two, Tata Motors and Eicher, saw a dip.

Leyland's share rose to 34 per cent, from 30.2 per cent in the same quarter a year before. Tata Motors' dropped to 51.6 per cent, from 54 per cent a year before. Eicher's dropped to 10.2 per cent, from 11.6 per cent, according to Kotak Institutional Equities research, based on data from the Society of Indian Automobile Manufacturers.

Gopal Mahadevan, chief financial officer at Leyland, said the