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08 Jul 2022

Commercial Vehicles Sales Recorded a Hike of 112% In June 2022

By News Date 08 Jul 2022

Commercial Vehicles Sales Recorded a Hike of 112% In June 2022

The combined sales of Commercial Vehicles and 3-Wheeler vehicles reached 1,78,174 units. 

Fada Commercial vehicle sales report has been disclosed, and the market is going ahead with an upward graph. The report contains the combined sales of commercial vehicles and 3-wheelers sectors. 

As shown in the report, the combined sales (Three Wheelers + Commercial Vehicle) in June closed at 1,78,174 units gaining 112% of 83965 units as of June'21. The growth of 3-wheelers has been phenomenal as it increased its size with 46,040 sold units; for the second time in a row, the sector witnessed the development of 200% or more.

The upward movement in sales results from fewer covid cases and restrictions in the country, and every business is getting their pace again. Therefore, everything is returning to normal, resulting in heavy sales of Commercial vehicles. 

The numbers of the report showcase that the industry is booming again, and this time it will grow its size more prominent than in the previous one. 

The Commercial vehicles, including LCV, MCV and HCV segment vehicles, recorded a total sales of 67,696 units with an 89.04% hike. Category-wise, LCV sold 40,349 units, increasing 85.69% from its 21,729 units in June last year, MCV sold 4,709 units, up by 124.24% compared to 2100 units of last year's sales, and HCV sold 19,380 units, increasing 102% of its sales of June 2021.  

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