Commercial Vehicles remain buoyant in June 2016

 

Talking about Tata Motors, the company has posted a decent growth of 14% in the month of June 2016 when compared to the same month last year. Another commercial vehicle giant after Tata which is Mahindra has posted 11% jump in sales when compared to last year.

While other players like Eicher & Volvo have posted double digit growth with 20.33% hike, Ashok Leyland, on the other hand registered 7 percent YoY growth with total 11,108 units sold in June 2016.

With good monsoon prediction this year should pave way for good CV sales, reasons like increasing diesel prices could dampen the growth, for a meanwhile only though. The cumulative sales in commercial vehicle segment in June 2016 stood at 78,292 units, higher by 10 percent than June 2015. The CV industry is expected to grow at a rate of 10-12 percent for FY 2016-17 and with the current sales, it looks achievable.

Meanwhile if you are looking to buy pre-owned commercial vehicles of all make and models that paying a visit to Shriram Automall will certainly help you out as the company offers widest line up of used commercial vehicles under one roof at optimal price.