LCV and M&HCV Bus segment showed double digit growth in Feb 2016. M&HCV Bus segment increased its segment share and LCV Bus segment lost its segment share.
LCV 12%, M&HCV 27% and total Bus market showed 19% growth.
Impressive performance by Eicher and Ashok Leyland by showing 92% and 70% growth.
Tata Motors gained around 14% market share, Ashok Leyland lost around 12% market share.
LCV Bus Segment:
Force Motors is the market leader in LCV Bus segment. Except SML Isuzu, all Bus players showed growth.
Source: ACG, SIAM, Company