Mahindra & Mahindra (M&M) has long been a number two player in the domestic commercial vehicle (CV) space. But its retail sales growth in June 2021 was higher than the number one CV player Tata Motors. 

According to the Federation of Automobile Dealers Association, in June, M&M's retail CV sales were 9,177 units, a 1.7X growth MoM. This was the highest MoM growth among listed CV makers. This helped M&M increase its market share in the CV market by 6.5 percentage points from the previous month. Tata Motors' retail CV sales stood at 14,000 units, a 90% growth in June. However, Tata Motors' CV market share dropped by 2.8 percentage points to 39.2% in June 2021.