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Truck sales rise 13% in August
Having posted an 8 per cent growth in July after almost a year, truck sales (including multi-axletrailers) increased by 13 per cent to 17,549 units in August compared to the same period last year, according to the Indian Foundation of Transport Research and Training (IFTRT).
Truck sales were down 38.22 per cent, 55.02 per cent and 62.50 per cent during April-June 2009, January-March 2009 and October-December 2008 quarters.
According to IFTRT, for the first time since the crash in October, the heavy multi-axle vehicles segment (25.2-31 tonnes), the industry growth-engine in terms of both value and volume, posted a marginal growth in sales at 0.53 per cent. Sales of medium commercial vehicles (15-16.2 tonne) continue to be lower than last year.
The performance would have been better but for a sharp decline in sales of tipper trucks — used by the construction industry — in both MCV and HCV category. Compared to August 2008, sales of tipper trucks were down by 17 per cent in the HCV segment and 47 per cent in the MCV segment respectively.
“Drop in construction activity has led to a sharp decline in tipper truck sales,” Mr S. P. Singh, co-ordinator of IFTRT, told Business Line.
On the brighter side, sales of cargo trucks in both MCV and HCV segments remained on the growth path for the second consecutive month. Sales of MCV cargo trucks — used mostly in hilly areas — grew nearly 53 per cent from 1,661 units to 2,536 units in August. Sales of the 25.2-31-tonne heavy cargo truck — the country’s main cargo mover — increased by close to 6 per cent to 5,148 units last month.
According to Mr Singh, the turnaround of the heavy truck segment may benefit Tata Motors the most.
“The 25.2 Tata Turbo-charged truck has caught the fancy of truck operators due to its higher fuel efficiency of 4-4.5 km a litre. We expect Tata Motors to grow faster than the industry in this segment,” Mr Singh said. The company is also a clear leader in the LCV truck segment riding on ‘Ace’.
Meanwhile a clampdown on overloading by Rajasthan Government is fuelling sales growth of heavy multi-axle trailer trucks (30-49 tonne). Used in transporting high density cargo such as cement, marble and minerals, sales of these vehicles have increased by 91 per cent to 1,626 units in August.
Interestingly enough, Mr Singh feels that truck sales may post a decline this month due to higher base in September 2008. “In an effort to push their quarterly sales, automakers pushed record number of vehicles to dealers in September 2008. While this has boosted their numbers, the dealers were burdened with high inventory and hardly placed orders in October 2008,” he said.
Truck sales were down 38.22 per cent, 55.02 per cent and 62.50 per cent during April-June 2009, January-March 2009 and October-December 2008 quarters.
According to IFTRT, for the first time since the crash in October, the heavy multi-axle vehicles segment (25.2-31 tonnes), the industry growth-engine in terms of both value and volume, posted a marginal growth in sales at 0.53 per cent. Sales of medium commercial vehicles (15-16.2 tonne) continue to be lower than last year.
The performance would have been better but for a sharp decline in sales of tipper trucks — used by the construction industry — in both MCV and HCV category. Compared to August 2008, sales of tipper trucks were down by 17 per cent in the HCV segment and 47 per cent in the MCV segment respectively.
“Drop in construction activity has led to a sharp decline in tipper truck sales,” Mr S. P. Singh, co-ordinator of IFTRT, told Business Line.
On the brighter side, sales of cargo trucks in both MCV and HCV segments remained on the growth path for the second consecutive month. Sales of MCV cargo trucks — used mostly in hilly areas — grew nearly 53 per cent from 1,661 units to 2,536 units in August. Sales of the 25.2-31-tonne heavy cargo truck — the country’s main cargo mover — increased by close to 6 per cent to 5,148 units last month.
According to Mr Singh, the turnaround of the heavy truck segment may benefit Tata Motors the most.
“The 25.2 Tata Turbo-charged truck has caught the fancy of truck operators due to its higher fuel efficiency of 4-4.5 km a litre. We expect Tata Motors to grow faster than the industry in this segment,” Mr Singh said. The company is also a clear leader in the LCV truck segment riding on ‘Ace’.
Meanwhile a clampdown on overloading by Rajasthan Government is fuelling sales growth of heavy multi-axle trailer trucks (30-49 tonne). Used in transporting high density cargo such as cement, marble and minerals, sales of these vehicles have increased by 91 per cent to 1,626 units in August.
Interestingly enough, Mr Singh feels that truck sales may post a decline this month due to higher base in September 2008. “In an effort to push their quarterly sales, automakers pushed record number of vehicles to dealers in September 2008. While this has boosted their numbers, the dealers were burdened with high inventory and hardly placed orders in October 2008,” he said.
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