06 Jun 2025
Combined Commercial Vehicle and Three-Wheeler Sales Rise by 1.84% in May 2025
The Federation of Automobile Dealers Association (FADA) has released the retail sales data for May 2025. The report reflects a modest but positive overall performance in the commercial vehicle (CV) and three-wheeler segments. As per the report, combined CV and 3W sales stood at 1,80,063 units, marking a year-on-year (YoY) growth of 1.84% compared to 1,76,804 units sold in May 2024.
While the three-wheeler segment posted steady gains, the commercial vehicle segment witnessed a dip in overall sales, contributing to the mixed results for the month.
Combined Commercial Vehicle Sales in May 2025
FADA Retail Sales Report by Segment: Three-Wheelers
The three-wheeler category continued its growth trend in May 2025, driven by increasing demand in both passenger and goods segments, especially within the electric vehicle space. The segment saw a YoY growth of 6.28%, with 1,04,448 units sold, up from 98,274 units in May 2024.
E-RICKSHAW (P)
This segment saw a modest yet positive 2.87% growth, with 40,635 units sold in May 2025 compared to 39,500 units during the same month last year.
E-RICKSHAW WITH CART (G)
The goods e-rickshaw category registered a strong YoY growth of 44.08%, with 7,972 units sold this May, compared to 5,533 units in May 2024. This indicates a rising demand for electric goods transport solutions in last-mile delivery.
THREE-WHEELER (GOODS)
The three-wheeler goods segment also maintained a positive momentum, growing by 3.41% with 10,272 units sold in May 2025, up from 9,933 units in the previous year.
THREE-WHEELER (PASSENGER)
Demand remained consistent in this segment, which saw a 5.09% increase, reaching 45,429 units as against 43,230 units sold in May 2024.
THREE-WHEELER (PERSONAL)
Though small in volume, this niche segment recorded the highest YoY growth of 79.49%, selling 140 units compared to 78 units last year, reflecting growing interest in personal-use three-wheelers.
FADA Retail Sales Report by Segment: Commercial Vehicles (CV)
In contrast to the growth in the three-wheeler market, the commercial vehicle segment witnessed a decline of 3.71% in May 2025, with 75,615 units sold, down from 78,530 units in May 2024.
LCV (Light Commercial Vehicles)
The LCV segment saw a marginal YoY dip of 3.16%, with 44,419 units sold in May 2025 as compared to 45,870 units in the same month last year. This decline may reflect cautious fleet expansion amid fluctuating fuel and operating costs.
MCV (Medium Commercial Vehicles)
Contrary to the overall CV trend, MCVs recorded a healthy growth of 6.49%, with 6,772 units sold this May versus 6,359 units in May 2024. The segment continues to benefit from demand in regional logistics and infrastructure movement.
HCV (Heavy Commercial Vehicles)
The HCV segment reported a notable decline of 7.06%, with 24,382 units sold in May 2025, falling from 26,234 units sold during the same period last year. The slowdown in bulk freight and infrastructure spending could be contributing factors.
Others (Including Construction Equipment, Special Vehicles, etc.)
This category witnessed the sharpest decline of 37.31%, with 42 units sold in May 2025, down from 67 units in May 2024.
Despite a slight drop in the commercial vehicle segment, the positive performance of the three-wheeler market, especially in electric models, boosted the overall figures. The combined retail sales of CV and 3Ws grew by 1.84% YoY, reinforcing the sector’s gradual path toward recovery.
As electrification, last-mile delivery, and shared mobility continue to expand, three-wheelers are emerging as key contributors to India's mobility ecosystem. Meanwhile, the commercial vehicle industry may require targeted policy support to regain strong momentum in the coming months.
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