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As per the latest data released by the Federation of Automobile Dealers Associations (FADA), commercial vehicle (CV) retail sales in India stood at 76,439 units in July 2025, registering a marginal 0.23% growth from 76,261 units sold in July 2024. On a month-on-month (MoM) basis, CV sales rose by 4.19% compared to June 2025, indicating a modest recovery driven by urban demand and institutional orders.
In July 2025, brands such as Mahindra, VE Commercial Vehicles (VECV), and SML Isuzu recorded notable year-on-year growth. At the same time, Tata Motors, the segment leader, and Daimler India saw declines. The overall market reflected mixed sentiments with urban growth offsetting rural softness.
Reflecting on the July 2025 Auto Retail results, FADA President Mr. C S Vigneshwar said, “CV posted a modest 0.23% YoY increase and a 4.19% MoM uptick, led by urban momentum. Dealers cited new model launches, aggressive marketing support, bulk institutional orders, and timely stock availability as key drivers, alongside targeted schemes that bolstered school-bus volumes. In contrast, rural haulage demand remained fragmented amid heavy rainfall, seasonal softness in cement, coal, and construction logistics, and slower financier disbursements, prompting many buyers to defer purchases to the post-monsoon period.”
Tata Motors retained its leadership in the CV segment with 25,244 units sold in July 2025. However, the company posted an 8.59% YoY decline compared to 27,617 units in July 2024. The drop could be attributed to weakened rural demand and moderated replacement buying.
Mahindra reported 20,442 units, achieving a solid 7.37% growth over 19,039 units in July last year. The brand continues to strengthen its presence in the LCV space with strong sales momentum in both goods and passenger segments.
Ashok Leyland clocked 14,174 units, showing a modest 1.39% YoY increase from 13,979 units in July 2024. The brand continues to perform steadily in the HCV and passenger vehicle categories.
VECV (a joint venture between Volvo and Eicher Trucks) recorded 7,125 units in July 2025, registering a 6.52% growth from 6,689 units in July 2024. The brand benefited from improved market traction in the mid and heavy-duty segments.
Maruti Suzuki reported 3,589 units, reflecting a slight 1.30% increase compared to 3,543 units sold in July 2024. The brand maintains a stable position in the mini-truck and cargo carrier space.
Force Motors sold 1,950 units, marking a 2.58% YoY growth from 1,901 units a year ago. Its steady performance is driven by demand for small passenger CVs, especially in semi-urban and rural belts.
Daimler India (BharatBenz) reported 1,436 units, witnessing a 9.71% decline compared to 1,581 units in July 2024. This drop may be due to reduced fleet buying in the premium HCV segment.
SML Isuzu registered 1,568 units, growing 9.57% from 1,431 units in July 2024. The company’s performance continues to be supported by its consistent offerings in the light and intermediate CV categories.
The 'Others' category recorded 911 units, posting a significant 89.40% increase from 481 units in July 2024. This growth indicates rising participation of smaller OEMs and localized players in niche markets.
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