FADA Releases May 2026 CV Retail Data; Sales Rise 5.29% YoY

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.

CV Sales Performance Across Key OEMs: May 2026

In May 2026, leading OEMs like Tata Motors, Mahindra & Mahindra, Maruti Suzuki, and Daimler India Commercial Vehicles reported positive growth. VE Commercial Vehicles also recorded marginal gains. However, Ashok Leyland, Force Motors, SML Mahindra, and the Others category reported declines during the month.

Brand-Wise CV Sales Report: May 2026

Tata Motors Ltd

Tata Commercial Vehicles maintained its leadership position in the CV market with 29,603 units, registering 9.59% YoY growth over 27,013 units sold in May 2025. Demand remained stable across medium and heavy commercial vehicle segments.

Mahindra & Mahindra Limited

Mahindra & Mahindra recorded 22,307 units, reflecting 9.75% YoY growth compared to 20,326 units in May 2025. Strong performance from pickup trucks and light commercial vehicles continued to support volumes.

Ashok Leyland Ltd

Ashok Leyland reported 14,812 units, marking a marginal 0.20% YoY decline compared to 14,842 units sold in May 2025. Retail demand remained largely stable despite the slight drop.

VE Commercial Vehicles Ltd (VECV)

VE Commercial Vehicles reported 7,227 units, delivering 0.67% YoY growth compared to 7,179 units in May 2025. The company maintained steady performance across its commercial vehicle portfolio.

Maruti Suzuki India Ltd

Maruti Suzuki reported 3,636 units, posting 13.80% YoY growth over 3,195 units in May 2025. Demand remained healthy in urban logistics and small business transportation.

Daimler India Commercial Vehicles Pvt. Ltd

Daimler India Commercial Vehicles sold 1,888 units, recording 2.61% YoY growth compared to 1,840 units last year. Growth was supported by demand for heavy-duty trucks.

Force Motors Ltd

Force Motors reported 1,651 units, registering a 28.71% YoY decline compared to 2,316 units in May 2025. The company witnessed one of the sharpest declines among major CV manufacturers during the month.

SML Mahindra Ltd

SML Mahindra sold 1,516 units, recording a 7.50% YoY decline compared to 1,639 units in May 2025.

Others

The 'Others' category stood at 1,183 units, registering a 6.41% YoY decline from 1,264 units in May 2025. This reflects softer retail performance among smaller CV manufacturers.

Total CV Market Outlook

Overall, commercial vehicle retail sales stood at 83,823 units, reflecting 5.29% YoY growth compared to 79,614 units in May 2025.

With ongoing infrastructure development, freight movement, and last-mile delivery requirements, the Indian commercial vehicle market is expected to maintain stable momentum in the coming months.

Disclaimer:

1- For the month of May’26 numbers for CV category are not available for Telangana (TS).

2- Vehicle Retail Data has been collated as on 05.06.26 in collaboration with Ministry of Road Transport & Highways, Government of India and has been gathered from 1,464 out of 1,467 RTOs.

3- 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