Retail Commercial Vehicle Sales May 2021 – Tata, Mahindra, Ashok Leyland
All commercial vehicle manufacturers in the country except Force Motors recorded a decrease in MoM, with dealers posting negligible revenues
Retail auto sales are at an all-time low. A decrease was reported in all sectors, whether 2-wheel (-53%), 3-wheel (-76%), passenger vehicles (-59%), utility vehicles (-66%) and tractors (-57%) segments. Speaking exclusively of the utility vehicle segment, the decrease in MoM is exactly 65.91%, from 51,436 units sold on April 21 to 17,534 units sold last month.
The utility vehicle segment is further subdivided into LCV, CUV, HCV and Construction Equipment and the decrease was also reported in each of these sub-divisions. Given this dismal performance with poor retail sales, dealers have posted negligible revenue, especially during the 30-45 day lockdowns that are still in place in several cities in southern India. The dealers have not been able to repay the loan installments payments, which will have a negative impact on the credit rating of the dealers according to the CIBIL rating.
Tata and Mahindra in the first 2 positions
Leading the way was Tata Motors with 7,359 units sold last month, up from 21,801 units sold on April 21. Market share also fell from 42.38% on April 21 to 41.97% last month. Tata Motors has just created a 100% subsidiary called TML CV Mobility Solutions.
This new company will offer end-to-end operation, repair and maintenance services, including annual maintenance contracts (AMC) and fleet management services (FMS) for various electric vehicles / electric mobility, electric buses, fuel cell buses and all types of utility vehicles.
Mahindra was at No. 2 in terms of CV retail sales with 3,366 units sold last month. This is a decrease month-on-month from 9,773 units sold on April 21, with market share growing marginally from 19% to 19.20% month-on-month. Mahindra has planned a series of new launches in both the PV and CV segments which include a new pickup truck based on Bolero and a trademark for the name “Xdreno” has been registered, which could be the name of the next lineup. of pickup trucks.
Ashok Leyland, VE, Maruti Suzuki
Ashok Leyland’s commercial vehicle retail sales stood at 2,785 units as of May 21, with a market share of 15.88%. That was up from 8,185 units sold on April 1 when the market share was slightly higher at 15.91 percent. In May 2021, given the current pandemic situation, Ashok Leyland implemented a Rs 1 lakh life and health insurance plan for COVID-19 treatment to its distribution partners, including around 15,000 to 20,000 people. should benefit from it.
VE Commercial Vehicles Limited reported a significant drop in retail sales last month with 923 units sold last month, compared to 3,409 units sold on April 21. Market share increased from 6.63% to 5.26% MoM. The company recently introduced the Eicher Skyline ambulance with improved driver and patient safety and equipped with highly advanced rescue facilities. Eicher recently donated two of these Skyline ambulances to the government of Madhya Pradesh to support the fight against the COVID pandemic.
Retail sales of Maruti Suzuki CV fell to 848 units on May 21, from 2,420 units sold on April 21, while market share fell from 4.70% to 4.84% month-on-month. Force Motors has also seen its sales and market share increase dramatically. Retail sales which stood at 541 units on April 21 with a 1.05% market share, increased to 639 units and 3.54% market share, making it the only CV manufacturer in India to show an increase in sales.
Daimler and SML Isuzu also noted a decrease in MoM to 445 units and 122 units respectively on May 21, from 1,247 units and 485 units retailed on April 21. 3,575 units and a market share of 6.95% as of April 21. As June has opened on a more positive note and with abundant and timely monsoons forecast, retail sales are expected to be more favorable in the coming weeks.