Daimler India: Highest 51.47% growth in FADA May 2023 Report, selling 1,807 CV units.
FADA (FEDERATION OF AUTOMOBILE DEALERS ASSOCIATIONS) has released the sales data of commercial vehicle brands. The data showcases an overall growth of 7.58% in the Y-O-Y sales of May 2023. The total sales of this segment closed at 77,135 units in May 2023, up from 71,964 units in May 2022. Tata Motors stayed at the top of the table with sales of 26,419 units. On the other hand, Daimler registered a growth of 51.47% in FADA May 2023 sales.
Official Statement Of FADA:-
Commenting on May 2023 performance, FADA President Mr. Manish Raj Singhania stated, “The Commercial Vehicle segment experienced sustained growth, underpinned by the government’s focus on infrastructure development. The bus segment displayed a notable increase, driven by improved financing options and higher sales in academic institutions.”