FADA (Federation of Automobile Dealers Associations) stated the registration and sales report for June 2021 (retails sales). Statistics show YoY growth over each segment in the past month, the highest being in the CV (commercial vehicle) segment. The two and three-wheeler segments grew by 16.90% and 21.98% respectively YoY. The PV segment saw a 43.45% YoY growth.
Conversely, the CV segment saw YoY retail sales increase by 236.19%. Retail sales for June 2021 stood at 35700 units, as against 10619 units sold in June 2020. However, sales in both months were considerably lower than 65035 units sold in June 2019, the year before the pandemic hit the nation.
Further categorising into LCVs, MCVs and HCVs sales, LCV sales in June 2021 stood at 21650, up from 8428 units sold in June 2020, a 156.88% increase YoY. MCV sales were at 2091 units in the prior month, up from 78 units sold in June 2020, while HCV retails were at 9575 units, up from 346 units sold in June 2020.
Tata and Mahindra Hold First and Second Positions, Respectively
FADA announced that OEM wise CV retail sales have detailed Tata Motors at the first position for sales in the prior month stood at 13987 units, with a market share of 39.18% over 893 units sold in June 2020, when the market share was at 8.41%.
Mahindra was in the second position, with 9177 units sold in the past month. The company currently holds a 25.71% market share in the commercial vehicle segment. However, in June 2020, sales had been extremely lower at 5523 units while the market share was flying at 51.01%.
Next in order was Hinduja flagship commercial vehicle, major Ashok Leyland, with 4579 units sold in June 2021. Market share is currently at 12.83%. June 2020 sales had stood at 1153 units with a market share of 10.86%. The company assumes to see an across the commercial vehicle business by July 2021 and ramp up production and expand the number of shifts depending on this condition.
VE Commercial Vehicles Limited also reported an increase in retail sales. Total sales for June 2021 stood at 1957 units, holding a market share of 5.48%. It was a substantial YoY rise of over 194 units sold in June 2020 when the market share was at 1.83%.
Lower down the line, Maruti Suzuki CV sales rose YoY to 1764 units though market share dropped to 4.94%. It was as against 902 units retailed in June 2020 when the market share was at 8.49%. The company’s LCV Super Carry added to this increased YoY growth.
Force Motors sales rose to 760 units in June 2021, with a market share of 2.13%. It was substantial YoY growth over only 11 units retailed in June 2020, when market share held at 0.10%.
The Daimler sales rose to 735 units in June 2021, with a market share of 2.06%. And Isuzu sales rose to 294 units in June 2021, with a market share of 0.82%.