08 May 2024
Fada Commercial Vehicle Retail Sales Saw a 2.31% Rise in April 2024
The Federation of Automobile Dealers Association announced the sales figures for commercial vehicles for April. FORCE MOTORS LIMITED, an established Indian company owned by Firodia Enterprise, registered a 57.16% rise in sales compared to the previous year.
According to the FADA truck sales report, the figures for leading Indian commercial vehicle manufacturers were analysed against April 2023. FADA stated that truck sales increased to 90,707 units in April 2024, compared to 88,663 units, representing a 2.31% growth.
Official Statement of FADA
FADA President Mr Manish Raj Singhania commented on April 2024's auto retail performance, stating, “In April 2024, the Indian Auto Retail sector achieved a robust 27% YoY growth. The two-wheeler (2W), three wheeler (3W), passenger vehicle (PV), tractor (Trac) and commercial vehicle (CV) segments grew by 33%, 9%, 16%, 1%, and 2%, respectively. While some attribute this growth to the shift in Navratri to April instead of March last year, the overall increase was significant. Comparing combined March and April 2024 with the same period last year shows a 14% YoY growth for the entire industry.”
Brand-Wise Commercial Vehicles Sales Data
Here, we have segregated the section according to brand-wise sales.
Tata Motors
Tata Motors is India's largest commercial vehicle producer. In April 2024, the brand's sales declined by 4.71%. They sold 32,194 CVs, compared to 33,787 in April 2023.
Mahindra & Mahindra
Mahindra Trucks sold 20,620 commercial vehicles in April 2024. In comparison, the brand closed the same month last year with 17,000 units. As a result, the brand grew by 21.29% in April YOY sales.
Ashok Leyland
Ashok Leyland ended April 2024 with a sales loss of 2.11%. The brand sold 16,777 CVs in April last year, which decreased to 16,423 units this year.
VECV
VECV is a joint venture between Volvo Trucks India and Eicher Trucks. In April 2024, they sold 6,861 CV units, which closed at 7,509 units in April 2023, resulting in a sales loss of 8.63%.
Maruti Suzuki
Maruti Suzuki experienced a fall of 5.23% in April 2024. They sold 3,389 units in April 2024, while they closed with 3,576 in April 2023.
Daimler
Daimler India, or BharatBenz Trucks, sold 1,983 CV in April 2024, compared to 1,901 units in April 2023. As a result, it registered a gain of 4.31%.
Force Motors Limited
This is yet another popular commercial vehicle manufacturer in India. Force Motors closed in April 2024 with a maximum sales growth of 57.16%. It sold 1,834 units this April, compared to 1,167 last year.
SML Isuzu
SML Isuzu recorded a decrease of 8.97% in April 2024. The brand sold 1,076 units of CVs in April 2024, outnumbering the 1,182 units sold in April last year.
Others
All the other brands contributed 6,327 CV units in April this year, compared to 5,764 units in April 2023. This resulted in a sales gain of 9.77%.
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