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According to data released by the Federation of Automobile Dealers Associations (FADA), commercial vehicle (CV) retail sales stood at 99,666 units in July 2026. This marks a 24.04% year-on-year (YoY) growth compared to 80,348 units in July 2025.
The growth highlights continued demand from freight transport, infrastructure projects, and last-mile delivery operations. Ongoing investments in logistics, construction activities, and replacement demand supported the commercial vehicle segment during the month.
All major OEMs, including Tata Motors, Mahindra & Mahindra, Ashok Leyland, VE Commercial Vehicles, Maruti Suzuki, Force Motors, SML Mahindra, Daimler India Commercial Vehicles, and the Others category, reported positive year-on-year growth in July 2026. Tata Motors retained the top position, followed by Mahindra & Mahindra and Ashok Leyland.
Tata Motors maintained its leadership position in the CV market with 34,733 units, registering 32.76% YoY growth over 26,162 units sold in July 2025. The company continued to witness healthy demand across light, intermediate, and medium & heavy commercial vehicle segments.
Mahindra Group recorded 26,055 units, registering 22.35% YoY growth over 21,296 units sold in July 2025.
Mahindra & Mahindra Limited contributed 24,089 units, reflecting 21.71% YoY growth compared to 19,791 units in July 2025. Strong demand for pickup trucks and light commercial vehicles supported the company's retail performance.
Mahindra Last Mile Mobility Ltd retailed 1,966 units, registering 30.63% YoY growth over 1,505 units sold in July 2025. Demand for electric three-wheelers and last-mile mobility vehicles remained strong during the month.
Ashok Leyland Group reported 17,691 units, posting 16.19% YoY growth compared to 15,226 units in July 2025.
Ashok Leyland Ltd recorded 17,499 units, registering 15.66% YoY growth over 15,129 units sold in July 2025. Strong retail demand across truck segments supported the company's performance.
Switch Mobility Automotive Ltd sold 192 units, recording an impressive 97.94% YoY growth compared to 97 units in July 2025. The company continued to expand its presence in the electric commercial vehicle segment.
VE Commercial Vehicles (VECV) registered 8,724 units, reflecting 15.21% YoY growth over 7,572 units sold in July 2025.
VE Commercial Vehicles Ltd retailed 8,660 units, posting 15.60% YoY growth compared to 7,491 units in July 2025. The company maintained steady retail momentum across its truck portfolio.
The Volvo Buses Division sold 64 units in July 2026, compared to 81 units in July 2025, recording a 20.99% YoY decline.
Maruti Suzuki retailed 4,460 units, registering 22.73% YoY growth over 3,634 units in July 2025. Demand remained healthy in the mini truck and urban logistics segments.
Force Motors reported 2,610 units, registering 18.58% YoY growth compared to 2,201 units in July 2025. The company witnessed improved retail demand across its commercial vehicle portfolio.
SML Mahindra sold 1,845 units, recording 2.90% YoY growth over 1,793 units sold in July 2025.
Daimler India Commercial Vehicles retailed 1,667 units, registering 14.18% YoY growth compared to 1,460 units in July 2025. The company posted healthy growth in retail sales during the month.
The Others category stood at 1,881 units, registering a significant 87.35% YoY growth compared to 1,004 units in July 2025. Smaller commercial vehicle manufacturers continued to record strong retail gains.
Overall, commercial vehicle retail sales reached 99,666 units in July 2026, reflecting 24.04% YoY growth over 80,348 units sold in July 2025.
The strong performance was supported by robust freight movement, infrastructure development, replacement demand, and the continued expansion of logistics and last-mile delivery services. With sustained investments in road construction, e-commerce logistics, and industrial activity, India's commercial vehicle retail market is expected to maintain positive momentum in the coming months.
Disclaimer:
1- For the month of Jul’26 numbers for CV category are not available for Telangana (TS).
2- Vehicle Retail Data has been collated as on 05.08.26 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,465 out of 1,468 RTOs.
3- Others include OEMs accounting less than 1% Market Share.
