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Bus sales in India down by 4.68% in Q1 FY 2013-14

The Indian bus market had witnessed a 4.68% decline in sales for Q1 FY 2013-14 as against the Q1 FY 2012-13. A total of 26,628 buses were sold during the period as against 27,935 units sold during the same period of last financial year.


The M&HCV segment had witnessed 7.53% decline while LCV sales declined at 1.97%. The bus industry had also witnessed M&HCV segment losing 2% share to LCV.

M&HCV

The sales for M&HCV segment in Q1 FY 2013-14 stood at 12,573 units which is 7.53% less than sales in Q1 FY 2012-13, where 13,597 units were sold. Eicher ended the first quarter of FY 2013-14 on a positive note marking a 37.12% growth in sales as against Q1 FY 2012-13. Volvo on the other hand had seen their sales decade by 29.91% in Q1 Y 2013-14 as against same period of FY 2012-13.  Ashok Leyland suffered a 14.61% decline while Tata Motors sales decade at 10.41%.

Segment leader Ashok Leyland saw their market share in this segment reduced to 37% in Q1 FY 2013-14, while they had 40% market share during the Q1 FY 2012-13. Tata’s segment share is reduced to 36% while Eicher improved their share in the segment to 12% in Q1 FY 2013-14 from 8% during Q1 FY 2012-13.

LCV Segment

In the LCV Bus segment, Tata Motors’ sales declined by 10.58% while Mahindra underwent 12.28% decline in sales in Q1 FY 2013-14 as against Q1 FY 2012-14. Force Motors sales declined slightly by 1.43%. One of the positives during Q1 FY2013-14 in this segment is achieved by SML Isuzu where their range of buses registered an 83.61% increase in sales against Q1 FY 2012-13. Eicher also registered a 7.51% growth in the LCV Bus segment.

Segment leader Tata lost some share in Q1 FY 2013-14 and now poses 40% share in this segment. Force Motors share stays stable, while Eicher take their share to 13% in Q1 FY 2013-14 from 11% in Q1 FY 2012-13. SML is the best gainer in this segment who improved their share to 8% in Q1 FY 2013-14 against 4% in Q1 FY 2012-13.

Source – ACG, SIAM

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Autobei Consulting Group

‘Autobei Consulting Group (ACG) ’ is a management consulting group which has leveraged on its expertise and proprietary databases to provide "Customized Solutions" in areas such ‘Sales Analysis’, ‘Business Planning’, ‘Market assessment’ and ‘Project Feasibility’ on Global Automotive Industry. Autobei Consulting Group (ACG) make use of the expertise and vast experience to deliver Cutting Edge Research Solutions.

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