Commercial Vehicle Retail Sales Rise 14.45% To 90,769 In August: FADA

Commercial vehicle retail sales rose 14.45 percent year on year to 90,769 units in August 2026, according to FADA. The segment recorded its best-ever August, although volumes declined 8.93 percent from July's 99,666 units. August 2025 CV retail stood at 79,306 units.

Rural markets continued to grow faster than urban markets. Rural CV retail increased 16.33 percent YoY, compared with 12.79 percent growth in urban markets. Sequentially, however, rural CV retail fell 10.94 percent, while urban volumes declined 7.01 percent.

FADA attributed the August growth to factors including infrastructure execution, mining and e-commerce-linked logistics, along with financing availability. It also described the month-on-month decline as consistent with a seasonal freight lull.

LCVs Lead CV Growth In August

Light commercial vehicles recorded 55,972 units in August, up 15.32 percent from 48,536 units a year earlier. Medium commercial vehicle retail stood at 8,092 units, representing 10.38 percent YoY growth. Heavy commercial vehicles recorded 26,640 units, up 13.98 percent from August 2025.

LCVs therefore remained the largest sub-category within the commercial vehicle market during August, accounting for more than half of total CV retail. HCVs were the second-largest sub-category, followed by MCVs.

Electric CV Share Reaches 5.18%

Diesel remained the dominant commercial vehicle fuel in August, accounting for 78.77 percent of retail. CNG/LPG vehicles held a 12.87 percent share, while electric CVs accounted for 5.18 percent. Petrol/ethanol stood at 3.15 percent and hybrids at 0.04 percent.

Electric CV share increased from 2.06 percent in August 2025 and 3.57 percent in July 2026. FADA said electric CV volumes reached a fresh monthly record in August.

Tata Motors Leads Commercial Vehicle Retail

Tata Motors recorded 30,338 CV retail units in August, giving it a 33.42 percent market share. Its retail volume was up from 25,128 units in August 2025, when it held a 31.68 percent share.

The FADA table lists Mahindra & Mahindra with 23,998 units and a 26.44 percent share, while another Mahindra entry recorded 22,238 units and a 24.50 percent share. Ashok Leyland recorded 16,649 units and an 18.34 percent share.

VE Commercial Vehicles recorded 7,186 units and a 7.92 percent share. Maruti Suzuki India accounted for 4,435 units and a 4.89 percent share, followed by Force Motors at 2,273 units and 2.50 percent.

CV Retail Outlook

FADA expects commercial vehicle demand to firm up as post-monsoon freight, infrastructure activity and harvest movement resume. The broader September outlook remains dependent on festive demand, rainfall conditions and the impact of OEM price increases effective September 1.

The August CV data does not include Telangana, as registration data for the category from the state was unavailable. FADA said the overall vehicle retail data was compiled as of September 4 from 1,467 of 1,469 RTOs.