Ad

Ad

Ad

FADA Sales Report April 2024: CV experienced a modest growth of 2% YoY


By Priya SinghUpdated On: 08-May-2024 12:08 PM
noOfViews3,478 Views

Follow Us:follow-image
Shareshare-icon

ByPriya SinghPriya Singh |Updated On: 08-May-2024 12:08 PM
Share via:

Follow Us:follow-image
noOfViews3,478 Views

According to the latest FADA Sales Report, combined CV sales reached 90,707 units in April 2024 compared to 88,663 units sold in April 2023.
FADA Sales Report April 2024: CV experienced a modest growth of 2% YoY

Key Highlights:
• FADA reports a 2% YoY growth in commercial vehicle (CV) sales for April 2024.
• Total CV sales in April 2024 reached 90,707 units, showing a 2.31% increase YoY but a 0.64% decline MoM.
•  LCV segment saw a YoY growth of 4.02% but a MoM decline of -4.71%.
•  MCV segment experienced a 0.80% YoY growth and a 6.01% MoM growth.
•  Tata Motors led in market share with 35.49%, followed by Mahindra & Mahindra and Ashok Leyland.

FADA, the Federation of Automobile Dealers Association has shared the commercial vehicle sales data for April 2024. The CV segment experienced a modest growth of 2% YoY.

According to the latest FADA Sales Report, combined CV sales reached 90,707 units in April 2024 compared to 88,663 units sold in April 2023. This shows there is an increase of 2.31% in YOY sales. However, there is a decline of 0.64% in MoM sales. In March 2024, 91,289 units of commercial vehicles were sold.

Commercial Vehicle Segment-wise Sales in April’24

LCV Segment

The Light Commercial Vehicle (LCV) segment sold 47,009 units in April 2024 compared to 45,191 in April 2023. A total of 47,009 units were sold in April 2024, compared to 49,332 units in March 2024. There is a decline of -4.71% in MoM sales but a growth of 4.02% in YoY sales.

MCV Segment

The Medium Commercial Vehicle (MCV) category sold 6,704 units in April 2024 compared to 6,651 in April 2023. A total of 6,704 units were sold in April 2024, compared to 6,324 units in March 2024. There is a growth of 6.01% in MoM sales and 0.80% in YoY sales. 

HCV Segment

The Heavy Commercial Vehicle (HCV) category sold 32,191 units in April 2024 compared to 33,293 in April 2023. A total of 32,191 units were sold in April 2024, compared to 30,394 units in March 2024. There is a growth of 5.91% in MoM sales and a decline of 3.31% in YoY sales.

Others Segment

All remaining segments of the CV category sold 4,803 units in April 2024 compared to 3,528 in April 2023. A total of 4,803 units were sold in April 2024, compared to 5,239 units in March 2024. There is a decline of 8.32% in MoM sales and a growth of 36.14%in YoY sales.

OEM Wise CV Sales Report


TATA MOTORS LTD

The company sold 32,194 commercial vehicles in April 2024, account about 35.49% of the total market share. In April 2023, they sold 33,787 vehicles, which accounted for 38.11% of the market share.

MAHINDRA & MAHINDRA LIMITED

They sold 20,620 commercial vehicles in April 2024, holding a market share of approximately 22.73%. In April 2023, their sales were 17,000 vehicles, with 19.17% of the market share.

ASHOK LEYLAND LTD

This company sold 16,423 commercial vehicles in April 2024, holding about 18.11% of the market share. In April 2023, their sales were 16,777 vehicles, which accounted for 18.92% of the market share.

VE COMMERCIAL VEHICLES LTD

They sold 6,861 commercial vehicles in April 2024, holding a market share of around 7.56%. In April 2023, their sales were 7,509 vehicles, constituting 8.47% of the market share.

MARUTI SUZUKI INDIA LTD

This company sold 3,389 commercial vehicles in April 2024, representing about 3.74% of the market share. In April 2023, their sales were 3,576 vehicles, which accounted for 4.03% of the market share.

DAIMLER INDIA COMMERCIAL VEHICLES PVT. LTD

They sold 1,983 commercial vehicles in April 2024, holding a market share of approximately 2.19%. In April 2023, their sales were 1,901 vehicles, holding 2.14% of the market share.

FORCE MOTORS LIMITED

This company sold 1,834 commercial vehicles in April 2024, representing about 2.02% of the market share. In April 2023, their sales were 1,167 vehicles, which accounted for 1.32% of the market share.

SML ISUZU LTD

They sold 1,076 commercial vehicles in April 2024, holding a market share of around 1.19%. In April 2023, their sales were 1,182 vehicles, having 1.33% of the market share.

Others

This category includes all other commercial vehicle manufacturers not listed individually. In April 2024, they sold 6,327 vehicles, holding 6.98% of the market share. In April 2023, their sales were 5,764 vehicles, which accounted for 6.50% of the market share.

Overall, in April 2024, the total number of commercial vehicles sold was 90,707, with each company contributing a certain percentage of the market share. In April 2023, the total sales were 88,663, with similar contributions from each company.

Also Read: FADA Sales Report March 2024: Commercial Vehicle Segment Shows Mixed Performance

CMV360 Says

In April 2024, commercial vehicle sales saw a modest 2% rise from last year. Though there was a small decline from the prior month, things are generally looking up. Light trucks dipped slightly, but medium and heavy ones are doing well. 

Tata Motors leads in sales, followed closely by Mahindra & Mahindra and Ashok Leyland. It's a mixed bag, but there's optimism for growth in the industry.

News


Mahindra CEO Rajesh Jejurikar: E3W Price Increase Won't Dampen Demand

Mahindra CEO Rajesh Jejurikar: E3W Price Increase Won't Dampen Demand

Many electric three-wheeler manufacturers, including Mahindra & Mahindra, were compelled to raise prices after the Indian government halved subsidies for electric three-w...

17-May-24 06:35 AM

Read Full News
Altigreen's 5,000 EVs Cover 50 Million Kilometers, Cut 5,300 Tonnes of CO2

Altigreen's 5,000 EVs Cover 50 Million Kilometers, Cut 5,300 Tonnes of CO2

Altigreen’s vision is to make the world better for future generations by eliminating carbon from road transport....

16-May-24 12:16 PM

Read Full News
Mahindra & Mahindra Plans to Launch 7 New Light Commercial Vehicles

Mahindra & Mahindra Plans to Launch 7 New Light Commercial Vehicles

The company intends to debut around 23 all-new models, including 9 internal combustion engine-powered SUVs, 7 battery electric vehicle models, and 7 light commercial vehi...

16-May-24 11:15 AM

Read Full News
VECV partners with iTriangle Infotech for advanced fleet management solutions

VECV partners with iTriangle Infotech for advanced fleet management solutions

This new joint venture will focus on developing industry-leading telematics fleet management technologies. ...

16-May-24 10:00 AM

Read Full News
Planet Electric Unveils EV with Real-Time Weight Tracking

Planet Electric Unveils EV with Real-Time Weight Tracking

This built-in weight tracking technology has the potential to significantly improve logistical efficiency in the EV category....

15-May-24 01:19 PM

Read Full News
Tata Motors Anticipates Recovery in Small Commercial Vehicles Following Bottoming Out

Tata Motors Anticipates Recovery in Small Commercial Vehicles Following Bottoming Out

Tata Motors' top executives talked about the challenges in the small commercial vehicle market....

15-May-24 12:47 PM

Read Full News

Ad

Ad

web-imagesweb-images

Registered Office Address

Delente Technologies Pvt. Ltd.

M3M Cosmopolitan, 12th Cosmopolitan,

Golf Course Ext Rd, Sector 66, Gurugram, Haryana

pincode - 122002

Join CMV360

Receive pricing updates, buying tips & more!

Follow Us

facebook
youtube
instagram

COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360

CMV360 - is a leading commercial vehicle marketplace. We helps consumers to Buy, Finance, Insure and Service their commercial vehicles.

We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.