FADA Reports 72,028 Commercial Vehicle Sales in December 2024

FADA Commercial Vehicle Retail Sales Witness a 5.24% Decline in December 2024

The Federation of Automobile Dealers Association (FADA) has released the commercial vehicle sales figures for December 2024. Force Motors Limited stood out with an impressive 23.44% growth in sales compared to last year, making it the top performer in YoY growth for the month.

According to FADA's truck sales report, the overall commercial vehicle market witnessed a decline in December 2024. Total truck sales dropped to 72,028 units, compared to 76,010 units in December 2023, reflecting a 5.24% YoY decrease.

Official Statement of FADA:

FADA President, Mr. C S Vigneshwar, shared his perspective on the auto retail performance for December 2024: 

“CV retails declined by -5.2% YoY and -12.1% MoM due to low market sentiment, delayed government fund releases, and slow financing approvals. Many customers postponed purchases, preferring 2025 models. While some segments, such as tippers, demonstrated resilience, ongoing LCV degrowth and unseasonal rains further dampened demand. Although year-end schemes and inquiries offered limited relief, overall sales remained under pressure.”
Looking ahead, Auto Dealer sentiment for January remains cautiously optimistic, with nearly half (48.09%) of surveyed dealers anticipating growth, 41.22% expecting stable demand, and only 10.69% foreseeing a decline.

Brand-Wise Commercial Vehicle Sales Data

Below is the brand-wise breakdown of commercial vehicle sales in December 2024:

Tata Motors

Tata Motors, India's largest commercial vehicle producer, experienced a sales decline of 9.57% in December 2024. The company sold 24,185 CV units, down from 26,743 units in December 2023.

Mahindra & Mahindra

Mahindra Trucks sold 18,895 units in December 2024, compared to 19,722 units in December 2023. This marks a slight decrease of 4.19% in YoY sales.

Ashok Leyland

Ashok Leyland recorded a 3.85% decline in sales in December 2024. The brand sold 11,566 units compared to 12,029 units in December 2023.

VE Commercial Vehicles

VE Commercial Vehicles (a joint venture between Volvo and Eicher Trucks) reported an 11.04% drop in sales. The company sold 4,504 units in December 2024, compared to 5,063 units in December 2023.

Maruti Suzuki

Maruti Suzuki's sales showed a positive growth of 10.55% in December 2024. The brand sold 3,543 units, compared to 3,205 units in December 2023.

Daimler India (BharatBenz)

Daimler India, known for its BharatBenz trucks, experienced a moderate growth of 2.00%. The company sold 1,579 units in December 2024, up from 1,548 units in December 2023.

Force Motors Limited

Force Motors displayed the highest YoY growth with a remarkable 23.44% increase in sales. The company sold 1,127 units in December 2024, compared to 913 units in December 2023.

SML Isuzu

SML Isuzu recorded a significant decline of 15.84% in sales. The company sold 526 units in December 2024, down from 625 units in December 2023.

Others

Sales from all other brands dropped by 0.96%, contributing 6,103 units in December 2024, compared to 6,162 units in December 2023.

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