by ongoing infrastructure projects however the growth was lower than expected owing to challenges arising out of supply constraints on key aggregates the ilcv segment saw a strong growth of 55 percent over last year aided by increased thrust in agriculture based fmcg and ecommerce sectors the scv cargo and pickup segment witnessed a promising growth of 75 percent over last year on the back of new product introductions and an uptick in buying sentiments especially with ecommerce sector and governmentmunicipal applications the secondlargest cv manufacturer ashok leyland registered sales of 18101 units 14872 units up 22 percent lcvs registered a steeper rise of 58 percent with sales of 4458 units 2816 units while mhcvs grew 13 percent selling 13643 units 12056 units ve commercial vehicles on the other hand sold 6801 units in january 2018 compared to 4515 units in january 2017 growing 506 percent this includes 6712 units of the eicher brand and 89 units of the volvo brand on the exports front eicher branded trucks and buses notched sales of 702 units in january 2018 653 units up 75 percent volvo trucks stood at 89 units compared to 66 units in january 2017 a step up of 348 percent mm sold 21002 units in the domestic market for the month under review up 51 percent overall exports across vehicle segments for january 2018 stood at 2616 vehicles an uptick of 15 percent the growth in the mhcv segment lends credence to the positive momentum in the economy which can be seen even in the growth numbers of our scv portfolio we believe this momentum will continue in our q4 fy2018 numbers said rajan wadhera president automotive sector mm in the light commercial vehicle segment where maruti suzuki is a late entrant and is consolidating its position the super carry lcv has sold 1411 units up from the 166 units it sold in january 2017 posting a growth of 750 percent during the month overall it sold 7369 units during this fiscal commercial vehicles from the bajaj auto stable posted their highestever sales at 64211 units up 113 per cent against 30093 units in the corresponding month last year according to the company statement domestic cv sales rose 154 per cent to 39082 units compared to 15385 units in january last year threewheelers a leg up with budget tvs motor company saw a step up of 816 percent to 8806 units in january 2018 of its threewheeler portfolio in the threewheeler market mm has made its place selling 4744 units 3058 units in the month under review up 55 percent it should get a further leg up with the new budget note this report has been prepared based on the sales results announcements by the companies till the time of publication we will keep updating when other companies post their results by shobha mathur published on feb 1 2018 at 0545 pm ist telegram facebook copy link be the first one to comment comment now comments comment now