TATA ACE EV

Commercial vehicle sales may grow in the
upcoming month
TATA ACE EV
Medium and heavy commercial vehicle registrations totalled 31,100 units in February, a
27 per cent increase year on year.
Commercial vehicles (CVs) may witness an increase in sales in February and upcoming
march because there will be a hike in prices in April 2023. The customers will try to
avoid price increases that may occur in April when the new emission standards go into
effect. As a result, sales are expected to increase..
Tractors are in high demand
Anything that affects rural income is bad for tractors, but for the time being, this auto
segment is flourishing.
The tractor industry in India contributes between USD 4 billion and USD 5 billion to the
country's automotive component sector. Tractor demand is mostly viewed as a
byproduct of the rural economy and farming.
As per the report by LPK securities, this category would climb 11 per cent year on year
in February, representing an 18 per cent increase above pre-pandemic levels.
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https://cmv360.com/news/commercial-vehicle-sales-may-grow-in-the-upcoming-mont