Feb 23 Auto Sales Data: Why commercial vehicles performed better than estimates?

The Feb 2023 Auto Sales Data is out. In the commercial vehicle segment, Eicher Motors, M&M and Tata Motors have witnessed growth on a sequential basis. Tata Motors and Ashok Leylands have grown 12-18 per cent respectively. Analysts believe that the reason behind the growth in commercial vehicles category could be the planned implementation of real driving emission norms, which are slated to be imposed from April 1. It is speculated that the norms could push the prices of vehicles upwards.

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