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Old 24th January 2021, 09:15   #1
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December 2020 Commercial Vehicle Sales

For Dec 2020, Tata has managed to maintain its lead over rivals in the segment in CV sales.

December 2020 Commercial Vehicle Sales-commercialvehiclesalesdec2020cvindia.jpg

Quote:
Tata Motors continues to be the largest CV manufacturer in the country. The company sold a total of 19,172 units in December 2020, which is YoY de-growth of -23.96%. Sales in December 2019 stood at 25,212 units. Tata Motor’s market share in December 2020 was 37.26%. In terms of MoM growth, sales are up by 9.03%. Sales in November 2020 were 17,584 units.

At number two is Mahindra with 15,128 units sold in December 2020. YoY growth is down -2.27%, as compared to 15,480 units sold in December 2019. The company’s market share in December 2020 was 29.40%. Mahindra’s MoM growth is also down by -10.36%, as compared to 16,876 units sold in November 2020.

Ashok Leyland is placed at third place with 6,583 units sold in December 2020. YoY de-growth is -18.43%, as compared to 8,070 units sold in the corresponding period in 2019. Market share stands at 12.79%. Ashok Leyland has registered positive MoM growth of 8.63%, as compared to 6,060 units sold in November 2020.

Next in the list is VECV with 2,637 units sold in December 2020. YoY de-growth is -2.26%, as compared to 2,698 units sold in December 2019. The company’s market share is 5.12%. MoM growth is up by 2.29%, as compared to 2,578 units sold in November 2020.

At number five is Maruti Suzuki with 2,430 units sold in December 2020. YoY sales are up 8.77%, as compared to 2,234 units sold in December 2019. Market share stands at 4.72%. Maruti’s MoM numbers are also up with 8.92% growth, as compared to 2,231 units sold in November 2020.

Other CV manufacturers in the list include Daimler (922 units), Isuzu (344), and Force Motors (329). All of these have negative YoY growth in December 2020. In terms of MoM sales, only Daimler has positive growth.
Source:Rushlane
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