Commercial Vehicle Retail Sales in September 2022

Commercial Vehicle Retail Sales in September 2022

All Indian top truck brands have published the monthly data of their heavy, medium, and light commercial vehicles for September 2022 with the Federation of Automobile Dealers Association (FADA) report.

Supreme CV manufacturers like Tata, Mahindra, and Ashok Leyland retained their status with their positive sales, with which we can also guess the successful sale of October.

Commenting on how September '22 performed, FADA President, Mr. Manish Raj Singhania said, "While the CV segment grew by 19%, it is the HCV segment which showed a healthy growth of 40% YoY. Reasons like better availability of vehicles, festivities, bulk fleet purchase, and the Government's continued push for infrastructure development made this segment shine."

Chart showing Vehicle Retail Data for September 2022

Disclaimer: 

1- The above numbers do not have figures from MP, LD & TS. Even though MP is now on Vahan, due to the unavailability of the previous year’s figure, we have not taken them in our comparison for September’22. 

2- Vehicle Retail Data has been collated as on 02.10.22 in collaboration with the Ministry of Road Transport & Highways, Government of India, and has been gathered from 1,339 out of 1,411 RTOs.

Let's peek at the number of top truck brands in September 2022.

Tata Motors

In the category of commercial vehicles, Tata Motors is a well-known name, which is top on the retail sales chart of September. According to FADA, the Tata company sold 28,615 units of trucks with a 3793 progress in September 2022 compared to last year.

Mahindra & Mahindra Trucks 

Mahindra truck has been considered the customers' first choice in buying heavy and light commercial vehicles. The Mahindra brand witnessed significant growth in September 2022, with 24.54%. This time the company sold 17,483 commercial vehicle units.

Ashok Leyland

Ashok Leyland, the second largest manufacturer of commercial vehicles in India, recorded a 15.84% increase in truck sales per the September 2022 FADA calculation.

Comparison of last year, the brand successfully sold 11,284 units this year.

Dost+, Bada Dost, and Partner are among its best-selling trucks.

Maruti Suzuki

Noticing the retail selling rate of September 2022, Maruti Suzuki experienced a decline of 4.26%. This time, the company sold only 3,036 units, which is 876 units less than in September 2021.

SML ISUZU

According to the September 2022's FADA commercial sales graph, the sales growth of SML Isuzu can be observed.

Company sales increased by 1.02% as it sold 725 units in September 2022. However, ISUZU sold 585 units in September 2021.

The total sales of Force Motors, Daimler Truck, and other commercial vehicle brands saw a decline of 4.64%. The companies sold 4,531 units, with a massive difference in September 2022 compared to September 2021.

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Also Read: Three-Wheeler Retail Sales Growth Rate: September 2022 (new blog link)