Commercial Vehicle Sales Up by 20.52% in Jan 2022 - 67,763 Units Sold

News Date 09 Feb 2022

Commercial Vehicle Sales Up by 20.52% in Jan 2022 - 67,763 Units Sold

We are back with the Commercial Vehicle Retails Sales report of January 2022. As always, Tata topped the list.   

Recently, the Federation of Automobile Dealers Association of India (FADA) has revealed Commercial vehicle retail sales. As per the report, commercial vehicles have seen double-digit growth across the LCV, HCV and MCV in January 2022. In January 2022, 67,763 units of commercial vehicles were sold, up 20.52% against 56,227 units retailed in January 2021. Once again, Tata Motors top the list, followed by Mahindra and Ashok Leyland brands. 

LCV, MCV and HCV have seen massive growth in the last month, especially HCV. HCV sales stood at 20,279 units in January 2022, up 41.12% against 14,370 units sold in January 2021. 

Commercial Vehicle Sales Report Of January 2022 (YoY Basis)

Again, Tata topped the list in the commercial vehicle segment with 30,079 units sold in January 2022, up from 21,965 units sold in January 2021. Also, the market share of Tata has increased from 39.06% to 44.39% based on YoY. 

Mahindra occupied the second position by selling 14,306 units in January 2022, up 4.10% over 13,742 units retailed in January 2021. The market share of Mahindra dipped from 24.44% to 21.11%. In Jan 2022, The company announced the "Get More Mileage or Give Truck Back" guarantee for its entire range of BS-VI trucks. Mahindra offers a wide range of 3.5 - 55 ton trucks consisting of HCV Blazo X, IVC Furio, and LCVs Furio 7 and Jayo range. 

After Mahindra, Ashok Leyland occupied the 3rd position with 9,921 units in January 2022, increasing 18.19% over 8,394 units retailed in January 2021. The market share of Ashok Leyland last month was 14.64%. 

VECV, Maruti and Daimler occupied 4th, 5th and 6th positions. In January 2022, VE sales stood at 4,358 units, rising from 3,214 units in January 2021 with a market share of 6.43%. Maruti Suzuki's retail sales grew from 3,789 units to 3,049 units, a growth of 24.27% with a market share of 5.59%. Daimler's retail sales rose to 1,149 units in January 2022 from 1,131 units sold in January 2021, while the market share increased 1.70%. 

Force company has seen a 50.14% growth in January 2022 by selling 518 units of commercial vehicles. The company sold 345 units of commercial vehicles in January 2021 with a market share of 0.76%. 

Others in the commercial vehicle segment contributed 3,113 units to total CV retails in January 2022, down from 3,977 units retailed in January 2021. 

Commercial Vehicle Sales Report Of January 2022 (MoM Basis)

Compared to December 2021, Tata and Mahindra registered growth by 15.56% and 17.35%, respectively, in January 2022. The leading Tata sold 30,079 units in Jan 2022, up from 26,030 units retailed in Dec 2021. Similarly, Mahindra sold 14,306 units in Jan 2022, which is a hike compared to 12,191 units in Dec 2021. Ashok Leyland has also seen a growth of 25.96%, a total of 9,921 units of commercial vehicles were sold on Jan 22, which increased compared to the 7,876 units on Dec 21.  

VECV, Maruti and Daimler have also seen a sales increase of 23.6%, 2.16% and 1.06%, respectively. While Isuzu and Force, unfortunately, have seen a decline by 5.19% and 8.48%. Other CV brands on this list also recorded a decrease of 4.19% in demand in Jan 2022, with 3,113 units retailed as against 3,249 units retailed in Dec 2021.

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