Sales of Maruti Suzuki fell by 29.00% in the Commercial Vehicles sales report in August 2022.
The commercial vehicle sales data has been released by FADA( Federation of Automobiles Dealers), which states growth of 24.12% of overall sales. The total sales of the CV segment touched 67,158 units this August 2022, whereas in August 2021 the brands sold a total of 54,107 units. Tata Motors remained at the top of the sales chart yet again, while SML Isuzu took a giant leap in its sales with an 81.85% rise.
Speaking on the commercial vehicles sales figure 2022 August, Mr Manish Raj Singhania said, "The CV segment continues to witness an upswing in economic activities post monsoon and saw a growth of 24% YoY. This along with the government's infrastructure push, new launches by OEMs and better conversion in fleet operations has kept the segment in the green. Apart from this, the Passenger Carrier segment is also showing good demand due to increased buying from Educational Institutions."
Brand-Wise Commercial Vehicles Sales Data
Most of the companies experienced remarkable growth in commercial vehicle sales in India in August 2022, while some could not touch the figures of the same month last year. So let's check out the brand-wise sales data of commercial vehicles.
The commercial vehicle unit of Tata Group, Tata Motors, has again stood at the top of the sales chart. The company sold 27,482 units of commercial vehicles in August, an increase of 30.92% compared to the 20,991 units of the same month last year.
Mahindra & Mahindra
The top performers of the SCV segment again experienced an excellent performance. Mahindra & Mahindra raised its sales by 24% in August 2022; according to FADA, with 16,625 units, the brand stayed in second place.
The flagship company of the Hinduja Group, Ashok Leyland, registered a growth of 41.60%. The company closed its sales with 10,183 sold units which were 7,191 units in August 2021.
The combined unit of Volvo and Eicher Motors, VECV, ended last month on a good note with 32.26% upward growth in its sales. FADA sales statistics of VECV show that the company sold 4,218 commercial vehicles, which were 3,189 units in the previous month.
The commercial vehicle sales of Maruti Suzuki decreased in August of 2022. The brand lost -29% of its sales as it sold 2,665 units in August 2022, which crossed 3000 units last year and closed at 3,754 units.
Force Motors created good sales in August this year. The brand sold 1,208 units in August 2022, an increase of 57.29% against the 768 units of August last year.
The Daimler group manufactures commercial vehicles in India as BharatBenz trucks. In August 2022, the company sold 999 units and increased the YoY sales by 15.22%, as the units sold last year were 867.
SML ISUZU created a significant giant increase in sales in August of 2022. The sales of this company increased by 81.85% as they sold 842 units in the FADA commercial sales report of August 2022. SML Isuzu sold 463 units last year in August.
The total sales of all the other brands experienced a decline of -15.55%, which was 3,477 units in August 2021, which was closed at 2,936 units this August.
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