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February 2022 CV Sales Sees An Overall Positive Trend

TNI || New Delhi || 22nd March 2022

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In February 2022, commercial vehicle sales increased overall, with Tata Motors once again leading the pack in terms of volume.

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. When it comes to numbers, Tata Motors once again tops the sales table, selling 27,500 commercial vehicles in February 2022, up from 2,663 units sold in the same period last year, leading to a YoY sales increase of more than 10%.

Mahindra’s sales performance was even higher in terms of year-over-year increase, with a rate of more than 16%.

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However, it was not enough to secure the top spot, as the Pune-based automaker just managed 14,038 vehicles in February, up 1,996 units from the same month last year.

Ashok Leyland also fared exceptionally well in February 2022, retaining third place with 9,602 vehicles sold. In February last year, the Hosur-based commercial auto maker sold 8,855 units, representing an increase of 8% year over year.

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Volvo Eicher Commercial Vehicles (VECV) also reported positive YoY sales growth in February 2022, with the commercial vehicle partnership between Volvo and Eicher selling 3,812 units, a YoY increase of just over 5%.

Maruti maintained its position by selling 3,277 commercial vehicles, which was a good number. However, sales were down 0.1 percent year on year, since Maruti Suzuki sold four more commercial vehicles in February 2021.

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Though Daimler is still in sixth place in terms of sales, the business’s YoY performance is up by more than 24%, as the company sold 1,445 units in February 2022, which is 281 units higher than the previous year around the same time frame.

Isuzu commercial vehicle sales increased by one spot in February 2022 as it overtook Force Motors to reach the seventh rank with 523 units sold.

Furthermore, the company’s year-over-year increase is already above 12%, with only 466 units sold in February 2021.

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Force Motors saw a nearly 40% reduction in sales year over year, selling 398 units in February 2022 compared to 662 vehicles sold in February 2021.

In February 2022, the CV segment showed signs of expansion. The recent Russia-Ukraine situation, on the other hand, could have a detrimental impact on the market.