Tata Trucks
Commercial vehicle retail sales remained strong in July 2026, driven by healthy demand in rural markets and sustained momentum in the LCV segment
As per the latest retail sales data released by FADA, India’s commercial vehicle (CV) segment continued its growth momentum in July 2026. Total retail sales stood at 99,666 units, registering a 24.04% YoY increase over 80,348 unitssold in July 2025. Sales were also up 9.56% MoM, compared to 90,972 units retailed in June 2026.
During the April-July 2026 period, cumulative CV retail sales reached 3,84,254 units, up 17.44% from 3,27,205 unitssold during the same period last year. FADA noted that rural demand remained stronger than urban markets, with rural sales growing 29.37% YoY against 19.36% growth in urban regions.
CV Retail Sales July 2026 – Fuel wise
Segment Wise Performance
Light Commercial Vehicles (LCVs) remained the primary growth driver during the month. Retail sales increased to 61,634 units, reflecting 27.65% YoY growth, while also rising 3.50% MoM from 59,549 units in June. Medium Commercial Vehicles (MCVs) recorded sales of 9,925 units, registering 25% YoY growth. However, volumes declined 5.76% compared to June. Heavy Commercial Vehicles (HCVs) also posted healthy numbers with 28,070 units sold, representing 16.72% YoYgrowth and a 12% MoM increase.
Diesel Still Dominates, EV Share Continues To Rise
Diesel continued to dominate India’s commercial vehicle market with an 80.40% share, although its share has gradually declined from 81.94% in July 2025. CNG/LPG vehicles improved their market share to 12.75%, compared to 11.84% a year ago. Electric commercial vehicles continued to gain traction as well. EVs accounted for 3.57% of total CV retail sales in July 2026, marginally higher than 3.54% in June and significantly above 1.65% recorded in July 2025. Petrol/Ethanol vehicles accounted for 3.25%, while hybrid CVs remained a niche category with a 0.03% share.
CV Retail Sales July 2026 – YoY
OEM Wise Retail Sales
Tata Motors continued to lead the commercial vehicle segment with 34,733 units sold in July 2026. The company registered a strong 32.76% YoY growth and 12.07% MoM increase, commanding a 34.85% market share. Mahindra retained second position with 26,055 units, posting 22.35% YoY growth and 4.16% MoM improvement. The company accounted for 26.14% of the market.
Ashok Leyland remained third with 17,691 units, registering 16.19% YoY growth and an impressive 15.35% MoMincrease. VE Commercial Vehicles followed with 8,724 units, recording 15.21% YoY and 9.92% MoM growth. Maruti Suzuki retailed 4,460 commercial vehicles, up 22.73% YoY, while remaining largely flat sequentially with 0.54% MoM growth.
CV Retail Sales July 2026 – MoM
Among the smaller players, Force Motors posted the highest month-on-month growth among major OEMs at 28.83%, with sales increasing to 2,610 units. SML Mahindra was the only major manufacturer to report a monthly decline, with sales easing 3.30% to 1,845 units. Daimler India Commercial Vehicles retailed 1,667 units, while the ‘Others’ category contributed 1,881 units, up 87.35% YoY.
Overall, July 2026 was another positive month for the commercial vehicle industry. Strong infrastructure activity, healthy rural demand and improving freight movement continued to support retail volumes, while the gradual rise in electric CV adoption reflects the market’s ongoing transition towards cleaner mobility solutions.