06 Mar 2025
Commercial Vehicle Retail Sales Show 8.6% Decline in February 2025
The Federation of Automobile Dealers Associations (FADA) has released the commercial vehicle sales report for February 2025. The market witnessed an overall decline of 8.6% YoY, with total sales reaching 82,763 units, down from 90,551 units in February 2024.
FADA's Insights on Market Performance
FADA President, Mr. C S Vigneshwar, shared his perspective on the Auto Retail performance for February 2025, "The CV segment faced challenges in February, recording a modest YTD decline of -0.5%, while retail sales dropped by -8.6% YoY. Dealers reported weak sales in the transportation sector, tightening finance norms, and pricing pressures that delayed customer decisions, particularly for bulk orders and institutional contracts. However, strong order bookings in the tipper segment, supported by increased government spending and steady supplies, provided some relief. Despite the prevailing negative sentiment, there is cautious optimism that the market will improve in March as dealers recalibrate their targets to align with demand."
Brand-Wise Commercial Vehicle Sales Report for February 2025
Tata Motors
Tata Motors, India’s leading CV manufacturer, experienced a significant decline of 17.29% in sales. The company sold 26,925 units in February 2025, compared to 32,555 units in February 2024. The drop can be attributed to weak demand in the transportation sector and tightening financial norms.
Mahindra & Mahindra
Mahindra recorded a marginal decline of 0.59% YoY, selling 21,149 units in February 2025 compared to 21,275 units in February 2024. The company managed to maintain stable sales due to steady demand for its light and medium commercial vehicles.
Ashok Leyland
Ashok Leyland saw a 6.59% decline in sales, with 14,393 units sold in February 2025, down from 15,408 units in February 2024. The brand faced challenges in institutional and fleet sales but remained a key player in the heavy-duty truck segment.
VE Commercial Vehicles
VE Commercial Vehicles (a joint venture between Volvo and Eicher Trucks) posted a modest 2.30% growth. The company sold 6,268 units in February 2025, compared to 6,127 units in February 2024, driven by consistent fleet adoption.
Maruti Suzuki
Maruti Suzuki commercial vehicle sales saw a 9.62% YoY increase, reaching 3,669 units in February 2025 from 3,347 units in February 2024. The company’s focus on compact, fuel-efficient commercial vehicles contributed to this growth.
Force Motors
Force Motors registered a 14.47% growth, with 1,762 units sold in February 2025, up from 2,060 units in February 2024. The brand benefitted from increased demand for small commercial vehicles.
Daimler India (BharatBenz)
Daimler India (BharatBenz) saw an 8.66% decline, selling 1,699 units in February 2025 compared to 1,860 units in February 2024. The brand continues to cater to premium truck buyers despite the slowdown.
SML Isuzu
SML Isuzu posted a 4.91% growth, selling 812 units in February 2025, up from 774 units in February 2024. The company maintains a steady presence in the small commercial vehicle market.
Others
The category "Others," which includes various brands and electric commercial vehicles, saw a decline of 14.82%, with sales decreasing to 6,086 units in February 2025 from 7,145 units in February 2024.
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