06 Feb 2025
Commercial Vehicle Retail Sales Show 8.22% Growth in January 2025
The Federation of Automobile Dealers Associations (FADA) has released the commercial vehicle sales report for January 2025. The market witnessed an overall growth of 8.22%, with total sales reaching 99,425 units, up from 91,877 units in January 2024.
FADA's Insights on Market Performance
FADA President, Mr C S Vigneshwar, shared his perspective on the Auto Retail performance for January 2025:
“The Auto Retail sector kicked off 2025 on a promising note, aligning with FADA’s earlier survey projections that expected January to range from flat to moderately positive. Indeed, overall retail sales posted a robust 6.6% YoY growth, reinforcing the industry’s optimistic start. Our observations indicate that each vehicle category—2W, 3W, PV, Tractor and CV—witnessed positive momentum, pointing toward sustained consumer confidence and steady market recovery. Continuing from our last press release, where FADA’s dealer survey suggested a ‘flat to growth’ sentiment for January, the month closed with an overall growth of 6.6% on a YoY basis. All categories began the new calendar year on a solid footing, with 2W, 3W, PV, Tractor and CV growing by 4%, 6.8%, 15.5%, 5% and 8%, respectively on YoY basis.
Commercial Vehicle sales increased by 8.22% YoY and surged 38.04% MoM, with urban markets climbing from 50.1% to 51.2% share and outpacing rural growth (9.51% vs. 6.89%). While higher freight rates and passenger carrier demand provided a boost, many dealers cited low cash flow, strict financing policies and sluggish industries (like cement and coal) as major hurdles. Sentiments in rural regions remained notably subdued, compounded by limited new products. Overall, the sector shows cautious optimism but faces persistent headwinds.”
Brand-Wise Commercial Vehicle Sales Report for January 2025
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Tata Motors
Tata Motors, India’s largest commercial vehicle manufacturer, experienced a slight decline of 1.33% in sales. The company sold 31,393 units in January 2025, compared to 31,816 units in January 2024.
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Mahindra & Mahindra
Mahindra & Mahindra recorded 16.25% YoY growth, selling 27,523 units in January 2025 compared to 23,675 units in January 2024. The increase can be attributed to the rising demand for light and medium commercial vehicles.
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Ashok Leyland
Ashok Leyland saw a 6.66% increase in sales, with 15,748 units sold in January 2025, up from 14,764 units in January 2024. This growth is driven by higher demand for heavy-duty trucks and long-haul transport solutions.
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VE Commercial Vehicles
VE Commercial Vehicles (a joint venture between Volvo and Eicher Trucks) posted an impressive 20.81% growth. The company sold 7,274 units in January 2025, compared to 6,021 units in January 2024, reflecting strong fleet adoption and an expanding market presence.
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Maruti Suzuki
Maruti Suzuki commercial vehicle sales surged by 23.59%, reaching 5,224 units in January 2025 from 4,227 units in January 2024. The company's focus on fuel-efficient and compact commercial vehicles contributed to this growth.
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Daimler India (BharatBenz)
Daimler India (BharatBenz) saw a slight decline of 0.83%, selling 2,151 units in January 2025 compared to 2,169 units in January 2024. Despite the drop, BharatBenz remains a key player in the premium truck segment.
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Force Motors
Force Motors registered a 26.84% increase in sales, with 1,621 units sold in January 2025, up from 1,278 units in January 2024. The brand’s growth reflects increasing demand for its versatile commercial vehicle offerings.
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SML Isuzu
SML Isuzu posted a modest growth of 1.92%, selling 690 units in January 2025, up from 677 units in January 2024. The company continues to maintain a steady presence in the small commercial vehicle market.
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Others
The category "Others," which includes various brands and electric commercial vehicles, grew by 7.60%, with sales increasing to 7,801 units in January 2025 from 7,250 units in January 2024.
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