FADA Commercial Vehicle Sales Down By 1.82% in November 2023

FADA has released the commercial vehicle sales data for November 2023. A total of 84,586 units sold in the month and Tata dominates the CV sales market with a 35.11% market share.

FADA, the Federation of Automobile Dealers Association has released the commercial vehicle sales data for November 2023. Commercial vehicle (CV) sales experienced a slight YoY decline of -1.82% with the total sales reaching 84,586 units in India. In comparison, the CV sales numbers reached a total number of 86,150 units last year in November.

Additionally, a 4.64% MoM decline was noted compared to 88,699 units sold in October 2023.

Commenting on the commercial vehicle sales, President of FADA, Manish Raj Singhania said, “The CV category saw a challenging Nov’23, driven by poor market sentiment. Seasonal slumps, exacerbated by unseasonal rains damaging crops and impacting transport demand, coupled with liquidity issues and delayed deliveries, further strained the industry. States going into elections also added to the woes, overshadowing the brief uplift from festive sales and the slight increase in tourism that helped in sales of buses.”

Commercial Vehicle Sales Report for Different OEMs in India

Tata Motors Limited leads the Indian CV market with total sales of 29,700 units for the month which translates to a 35.11% market share for the brand. However, the automaker saw a drop of 7.88% when compared to 32,240 total units sold in 2022. The market share is also reduced a bit compared to the 37.42% share of last year.

Mahindra & Mahindra Ltd., second by the market share of 27.70% sold a total of 23,429 units. Compared to total sales of 21,616 units the brand has witnessed an 8.39% YoY growth.

Also Read- FADA Commercial Vehicle Sales Report for October 2023: a 10.26% growth at a total of 88,699 units

Ashok Leyland, sold a total of 12,946 at a -8.74% YoY change when compared to 14,186 units sold in 2022. The market share has also decreased from 16.47% in 2022 to 15.31% in 2023.

VE Commercial Vehicles held a 6.57% market share in India with total CV sales of 5,560 units in November.

Maruti Suzuki India Ltd is placed 5th in terms of CV sales in India with 3,714 units sold at a 4.39% market share.

Daimler India CV Pvt. Ltd. experienced a 14.58% YoY growth, at 2.15% market share, with sales reaching a total of 1,815 units in 2023 which were at 1,584 units last year.

Force Motors sold a total of 1,174 CV units and held a 1.39% market share.

Lastly, SML Isuzu Ltd sold 567 trucks and its market share stands at 0.67%.

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