Tata Motors reports highest PV sales in 9 years
Indian auto-manufacturers reported a mixed bag of sales in February as the slowing demand and supply chain constraints continued to keep two-wheeler sales under pressure.
Tata Motors reported a 54% year-on-year increase in total domestic sales led by strong demand for its passenger car and a revival of the commercial vehicle segment. The company said the car sales were the highest ever in at least 9 years.
The country’s largest carmaker Maruti Suzuki India reported a 11.8% increase in wholesales to 1.64 lakh units in February.
Although the company’s entry-level cars, Alto and S-Presso, declined by 12.9% compared to the same month last year — Sales of compact segment vehicles, including models Swift, Celerio, Ignis, Baleno and Dzire, increased by 15.3% year-on-year.
The Hinduja group flagship firm Ashok Leyland reported an increase of 19% in total vehicle sales in February as the commercial vehicles segment showed positive signs after recovering from the coronavirus slowdown.
The medium and heavy commercial vehicles (M&HCV) sales in the domestic market were up 5%, and the light commercial vehicle (LCV) sales in the domestic market were up 46%.
The Tractor sales continued marching in a positive trajectory, with M&M posting double-digit growth in February. The farm equipment segment recorded 19.8% growth leading to the overall growth of 3.3%.
TVS Motors reported 18% year-on-year growth in February-led by strong growth in the two-wheeler segment. The company which sells Apache and Jupiter saw its sales jump nearly 21% in the segment.
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