FADA CV Retail Sales Oct 2026: Sales Rise 2.29% YoY to 1.15 Lakh

Tata Motors Leads CV Retail Sales in October 2026

According to data released by the Federation of Automobile Dealers Associations (FADA), commercial vehicle (CV) retail sales stood at 1,15,140 units in October 2026. This marks 2.29% year-on-year (YoY) growth from 1,12,561 units in October 2025.

CV Sales Performance Across Key OEMs: October 2026

In October 2026, the market showed a mixed performance, with most major manufacturers recording positive YoY growth while Mahindra & Mahindra and Maruti Suzuki saw declines. Tata Motors led the market with 39,914 units, followed by Mahindra & Mahindra with 31,500 units and Ashok Leyland with 20,774 units.

Ashok Leyland, VE Commercial Vehicles, Force Motors, Daimler India Commercial Vehicles and SML Mahindra also reported YoY growth during the month. The Others category recorded the highest growth among the listed categories at 125.90% YoY.

Brand-Wise CV Sales Report: October 2026

1. Tata Motors Ltd

Tata Motors maintained its leadership in the CV market with 39,914 units, up 11.18% YoY from 35,901 units sold in October 2025.

2. Mahindra & Mahindra Limited

Mahindra & Mahindra recorded 31,500 units, reflecting an 18.40% YoY decline compared to 38,602 units in October 2025. The company’s CV retail sales were divided between Mahindra & Mahindra Limited and Mahindra Last Mile Mobility Ltd.

• Mahindra & Mahindra Limited: 29,254 units vs 35,890 units, down 18.49% YoY.
• Mahindra Last Mile Mobility Ltd: 2,246 units vs 2,712 units, down 17.18% YoY.

3. Ashok Leyland Ltd

Ashok Leyland reported 20,774 units, registering 16.73% YoY growth compared to 17,797 units sold in October 2025. The company’s sales included Ashok Leyland Ltd and Switch Mobility Automotive Ltd.

• Ashok Leyland Ltd: 20,538 units vs 17,645 units, up 16.40% YoY.
• Switch Mobility Automotive Ltd: 236 units vs 152 units, up 55.26% YoY.

4. VE Commercial Vehicles Ltd (VECV)

VE Commercial Vehicles reported 9,603 units, delivering 21.02% YoY growth compared to 7,935 units in October 2025. The VECV sales figure included the following two categories:

• VE Commercial Vehicles Ltd: 9,518 units vs 7,876 units, up 20.85% YoY.
• VE Commercial Vehicles Ltd (Volvo Buses Division): 85 units vs 59 units, up 44.07% YoY.

5. Maruti Suzuki India Ltd

Maruti Suzuki reported 5,041 units, posting a 17.99% YoY decline compared to 6,147 units in October 2025.

6. Force Motors Limited

Force Motors recorded 2,363 units, registering 14.49% YoY growth compared to 2,064 units in October 2025.

7. Daimler India Commercial Vehicles Pvt. Ltd

Daimler India Commercial Vehicles sold 2,205 units, recording 16.11% YoY growth compared to 1,899 units in October 2025.

8. SML Mahindra Ltd

SML Mahindra sold 1,054 units, registering 2.63% YoY growth compared to 1,027 units in October 2025.

9. Others

The Others category recorded 2,686 units, registering a significant 125.90% YoY growth from 1,189 units in October 2025.

Total CV Market Outlook

Overall, commercial vehicle retail sales stood at 1,15,140 units in October 2026, reflecting 2.29% YoY growth compared to 1,12,561 units in October 2025.

While Tata Motors, Ashok Leyland, VECV, Force Motors, Daimler India and SML Mahindra reported positive YoY growth, declines at Mahindra & Mahindra and Maruti Suzuki kept overall growth modest. Continued infrastructure activity, freight movement, logistics demand and last-mile transportation requirements could support CV sales in the coming months.

Disclaimer:

1. For the month of Oct’26, numbers for the CV category are not available for Telangana (TS).
2. Vehicle Retail Data has been collated as on 04.11.26 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,468 out of 1,469 RTOs.
3. Others include OEMs accounting less than 1% Market Share.

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