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Commercial vehicle (CV) sales, contrary to expectations of a downturn, have fared reasonably well in the first quarter (Q1) of 2024-25 (FY25), especially in the medium and heavy commercial vehicle (M&HCV) and bus segments.
The top four players-Tata Motors, Mahindra & Mahindra, Ashok Leyland, and Volvo Eicher Commercial Vehicles (VECV) together sold over 150,454 units of medium to heavy trucks and buses between April and June 2024, registering a 7.2 per cent growth.
Girish Wagh, executive director at Tata Motors, said, "Tata Motors' CV domestic sales at 87,615 units in Q1FY25 were around 7 per cent higher than Q1 of 2023-24 (FY24) sales. Additionally, sales in June 2024 were 3 per cent higher compared to May 2024."
This story is from the July 11, 2024 edition of Business Standard.
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This story is from the July 11, 2024 edition of Business Standard.
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