Dealers & Services
More
The Federation of Automobile Dealers Associations (FADA) has released the latest data on CV retail sales. The total number of sales stood at 10,60,906 units in FY 2026. This reflects an 11.75% year-on-year (YoY) growth compared to 9,49,406 units in FY 2025.
The growth trend aligns with the strong demand seen across recent months. It was supported by improving freight availability, infrastructure activity, and steady fleet utilisation.
Leading OEMs reported healthy growth during FY 2026, with Tata Motors, Mahindra Group, and Ashok Leyland maintaining their dominance in overall volumes. Meanwhile, Switch Mobility emerged as a high growth player, driven by electric CV adoption.
The ‘Others’ category also recorded strong growth, indicating increasing participation from smaller and emerging manufacturers in the CV segment.
In FY 2026, Tata Motors retained the top place with 3,62,428 unit sales. The OEM registered a 6.97% YoY growth over 3,38,798 units in FY 2025. Demand remained strong across heavy trucks and infrastructure-led applications.
Mahindra Group reported strong growth with 2,98,237 units in FY 2026, compared to 2,56,645 units in FY 2025, marking a 16.20% YoY increase.
Mahindra Last Mile Mobility Ltd sold 2,76,580 units, up from 2,37,626 units, registering 16.40% YoY growth, driven by last-mile and EV demand.
Mahindra & Mahindra Ltd recorded 21,657 units, compared to 19,019 units, marking a 13.87% YoY growth.
Ashok Leyland reported 1,89,567 units in FY 2026, compared to 1,68,489 units in FY 2025, reflecting a 12.51% YoY growth.
Ashok Leyland Limited contributed 1,87,312 units in FY 2026, up from 1,67,600 units, growing 11.76% YoY.
Switch Mobility Automotive Ltd posted 2,255 units, compared to 889 units, delivering a sharp 153.77% YoY growth, highlighting EV momentum.
VECV recorded 88,194 units in FY 2026, compared to 76,779 units in FY 2025, marking a 14.87% YoY growth.
VE Commercial Vehicles LTD contributed 87,501 units in FY 2026, up from 76,178 units.
VE Commercial Vehicles LTD (Trucks & Buses) sold 693 units in FY 2026, compared to 601 units.
Maruti Suzuki reported 49,538 units in FY 2026, compared to 45,496 units in FY 2025, registering an 8.88% YoY growth, supported by demand in the small CV and urban logistics segments.
Force Motors posted 25,066 units in FY 2026, compared to 22,253 units in FY 2025, reflecting a 12.64% YoY growth.
Daimler India recorded 22,133 units in FY 2026, compared to 20,872 units in FY 2025, growing 6.04% YoY, driven by heavy-duty truck demand.
SML Isuzu sold 14,451 units in FY 2026, compared to 13,580 units in FY 2025, marking a 6.41% YoY growth.
The ‘Others’ category rose to 11,292 units in FY 2026, compared to 6,494 units in FY 2025, delivering a strong 73.90% YoY growth, indicating rising competition and new market entrants.
India’s commercial vehicle market maintained a stable growth trajectory in FY 2026, supported by strong fundamentals such as infrastructure development, logistics expansion, and consistent freight movement. While traditional OEMs like Tata Motors and Mahindra continue to dominate volumes, the rapid growth of players like Switch Mobility signals a gradual shift towards electric commercial vehicles.
Disclaimer:
The above numbers do not include figures from TS.
Vehicle Retail Data has been collated as on 02.04.26 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,463 out of 1,466 RTOs.
Others include OEMs accounting less than 1% Market Share.
Follow us for the Latest Truck Industry Updates:
☞ Facebook: https://bit.ly/TruckFB
☞ Instagram: https://bit.ly/TruckInsta
☞ YouTube: https://bit.ly/TruckYT
