Domestic commercial vehicle (CV) sales in February grew in line with a pick-up in manufacturing and infrastructure activities. While the truck segment reported positive growth, the bus segment continues to be in red.
Tata Motors CV domestic sales rose by 22 per cent this February to 31,248 units from 25,572 units a year ago. Month-on-month, the growth was around two per cent, led by Medium and Heavy commercial vehicles (M&HCV), which grew 30 per cent year-on-year and I&LCV (68 per cent). However, passenger carriers reported a 63 per cent drop.
A Tata Motors Spokesperson said CV sales have picked up and are growing quarter on quarter. The firm, whose CV Sales grew by 82 per cent in Q3FY21 over Q2FY21, expects the growth to continue in Q4 as well.