Pre buy­ing im­pact on CV not sig­nif­i­cant?

Commercial Vehicle - - NEWS -

In March 2017, CV maker Ashok Ley­land and M&M (FES) re­ported bet­ter than ex­pected num­bers. The CV busi­ness of Tata Mo­tors posted a muted per­for­mance. The over­all CV pic­ture, ac­cord­ing to a re­port from Emkay Re­search, did not see a strong pre-buy­ing im­pact in the fourth quar­ter of FY201617. CV sales in­creased marginally Year-on-Year (YoY). CVs, the re­port men­tioned, saw a mod­er­ate in­crease in the M&HCV seg­ment sans any ma­jor pre-buy­ing in the last quar­ter of FY2016-17, and ahead of the im­ple­men­ta­tion of new emis­sion norms. As per the re­port, Tata Mo­tors’ to­tal CV sales de­clined (-) 6 per cent YoY to 35,876 units (M&HCV) (-)5 per cent; LCV (-)8 per cent. Ashok Ley­land and VECV re­ported 12 per cent and 9 per cent in­crease in sales re­spec­tively on a YoY ba­sis. Ashok Ley­land’s M&HCV sales in­creased 15 per cent YoY to 15,258 units whereas LCV sales de­clined (-) 1 per cent YoY to 3,424 units.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.