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Indian Truck Market Sales declined at 8.74% in Q1 FY 2013-14

Indian truck market observed 8.74% decline in sales in the first quarter of the financial year 20123-14. A total of 141,701 trucks were sold in India during the Q1 FY 2013-14 as against 155,282 units sold during the same period of previous financial year.

M&HCV Segment

The M&HCV registered a 17.58% reduction in sales with 43,372 units sold during the Q1 of FY 2013-14. The segment had sold 52,623 units during Q1 FY 2012-13.

Among the manufacturers, Tata Motors witnessed 10.58% decline in sales while Ashok Leyland’s sales fell by 30.01%. SML Isuzu is the worst hit manufacturer in the segment where there sales has been shrunk by 42.63%. Mahindra Trucks and Buses are also slapped with a 35.02% reduction is sales.

Tata Motors remains the market leader in Indian M&HCV segment leaving behind their competitors by far after gaining a few points from 56.82% in Q1 FY 2012-13 to 61.64% in Q1FY 2013-14. Ashok Leyland’s market share has come down to 19.24% in Q1 FY2013-14 from 22.65% in Q1 FY 2012-13. VECV-Eicher the third largest manufacturer in this segment holds 13.04% market share at the end of Q1 FY 2013-134.

Top Losers

Rigid vs Tractor

The sales of Tractors had declined in the first quarter of financial year 2013-14.

LCV Segment

The light commercial vehicles had also witnessed a weakened demand during the period and is slapped with a 4.21% decline. Total of 98,333 LCVs were sold in Q1 FY 2013-14 as against 102,659 units sold in the same period of last financial year.

Mahindra and Mahindra had register a 10.89% growth in sales for Q1FY 2013-14 as against same period of last financial year.  Piaggio also registered a 25.57% growth where Tata and Ashok Leyland saw de-growth at 11.09 and 10.89 percentage respectively.

Top Performers

Top Losers

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.

One Comment

  1. Excellent Report….As Bharat Benz is increasing in sales volume month by month. Pls include it.

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