CV Retail Sales December 2024 and 2024 – Tata, Mahindra, Ashok
Tata truck delivery Commercial vehicle sales will encounter some setbacks in 2024. According to the Federation of Automobile Dealers Associations (FADA), several factors have contributed to the drop in demand, including weak market sentiment, a sluggish economy, rising fuel costs and delays in government funding. Unseasonal rains have also hampered sales to a large extent, causing buyers to postpone sales until 2025, when new models are likely to be launched. The coming months may also bring some hope for the commercial vehicle segment, including improvements in infrastructure projects and credit approvals. CV retail sales in December 2024 compared with December 2023 In a previous report, we detailed automotive retail sales through 2024. This segment grew 5.1% year-over-year (the highest in history). We now report commercial vehicle (CV) sales, with December 2024 sales down 5.2% year-on-year (YoY) and month-on-month (MoM) sales also down 12.1% from November 2024. Although the LCV segment faces some constraints, since The field of truck unloading is…
Commercial vehicle retail sales in November 2024 – Tata, Mahindra, Ashok Leyland,
tata trucks Sales data for November 2024 shows that most OEMs and all segments experienced declining commercial vehicle (CV) demand The Federation of Automobile Dealers Associations (FADA) released retail sales data for November 2024. 2W sales increased by 15.8% year-on-year, and 3W and tractor sales increased by 4.23% and 29.88% respectively. Passenger car sales fell by 13.72% year-on-year, and commercial vehicle sales fell by 6.80%. As we assess commercial vehicle (CV) sales, dealers are facing lower demand due to a variety of factors. Commercial vehicle sales in November 2024 – Tata ranks first Total commercial vehicle sales in November 2024 were 81,867 units. Compared with sales of 87,272 units in November 2023, this represents a year-on-year decrease of 6.08%. The month-on-month sales volume also dropped 15.85% from the 97,411 units sold in October 2024. A breakdown of the commercial vehicle segment shows that overall sales have been suppressed. Light commercial vehicle sales fell 4.46% year-on-year and 15.15% month-on-month to 47,530…
CV Retail Sales October 2024 – Tata, Mahindra, Ashok Leyland,
Tata truck delivery In October 2024, commercial vehicle retail sales increased by 6.37% year-on-year and 31.06% month-on-month. The Federation of Automobile Dealers Associations (FADA) revealed that vehicle retail sales in October 2024 showed improvement across all segments. Sales were boosted by the festive season and other factors such as strong customer demand, favorable monsoon and improved rural buying. The 2W segment grew by 36% year-on-year, passenger vehicle sales increased by 32% year-on-year, and commercial vehicle sales increased by 6% year-on-year. Commercial vehicle retail sales in October 2024 – Tata Motors leads segment When we further break down commercial vehicle (CV) sales, we see improvements in LCV and MCV segments, while HCV sales declined slightly. LCV sales increased by 9.11% year-on-year, and MCV sales increased by 6.38% year-on-year. However, HCV sales fell by 1.15% year-on-year due to demand. CV retail sales in October 2024 – year-on-year comparison Commercial vehicle sales in October 2024 were 997,411 units. This represents a year-on-year increase…
CV Retail Sales September 2024 – Tata, Mahindra, Ashok Leyland,
tata trucks Commercial vehicle retail sales fell year-on-year in September 2024, with slight improvement in month-on-month sales, reflecting poor market sentiment across all segments Commercial vehicle retail sales fell sharply in September 2024. Overall demand fell due to delayed monsoon and adverse climatic conditions, while government spending on infrastructure projects also hampered growth to a large extent. The division expects better results in the coming months, particularly on the back of new product launches and improved sales in rural markets driven by improving agricultural conditions. Commercial vehicle retail sales in September 2024 – Tata Motors leads segment Retail sales in the commercial vehicle segment fell to 74,324 units, a slight month-on-month increase of 1.46% from 73,253 units in August 2024, while year-on-year sales fell 10.45% from 82,993 units in September 2023. The commercial vehicle segment also witnessed a decline with sales in the first half of 2024 falling by 0.65% to 4,77,381 units from 4,80,488 units sold in the first…
Commercial Vehicle Retail Sales July 2024 – Tata, Mahindra, Ashok Leyland,
Ashok Leyland TrucksCommercial vehicle retail sales in all segments achieved excellent growth in July 2024Commercial vehicle (CV) retail sales increased by 5.93% year-on-year and 10.05% month-on-month in July 2024. Several factors contributed to this positive impact, the most prominent of which was the outstanding growth in the construction and mining sectors.However, the sector also faced constraints such as unprecedented rainfall and financing restrictions, which was undoubtedly a challenge. The sector is now expecting more favorable sales conditions in the coming months with the upcoming season.Commercial vehicle retail sales in July 2024In July 2024, total commercial vehicle retail sales were 80,057 units. This was a 5.93% increase from the 75,573 units sold in July 2023, while monthly sales were up 10.05% from the 72,747 units sold in June 2024.Each segment recorded positive sales performance. The LCV segment (45,336 units) grew 2.04% YoY, the MCV segment (7,124 units) grew 9.45% YoY, and the HCV segment (24,066 units) grew 11.80% YoY. Other models…
Jason Bolton Tesla crash: Tesla and engineer Ashok Elluswamy
Wrongful death lawsuit claims Tesla Model 3 driver died due to defective Autopilot system. July 21, 2024 — Tesla and engineer Ashok Elluswamy are being sued by the wife and two daughters of Jason Bolton, a 49-year-old man who was killed in a Tesla Model 3 crash in Santa Clara County, California, in July 2023. The Jason Bolton wrongful death lawsuit was filed by his wife, Laura, and daughters, Rowan and Willow, who all claim that Mr. Bolton died due to a defect in the 2023 Tesla Model 3, specifically the Autopilot system. According to the lawsuit, Jason Bolton engaged Autopilot while driving a Model 3, which allegedly caused the vehicle to roll over, killing Mr. Bolton. His family complained that he was killed due to a malfunction in the Autopilot system, for which Tesla was allegedly responsible. Tesla allegedly put profits over safety by marketing its Autopilot system as capable of driving a vehicle instead of a human driver.…
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