Commercial vehicle (CV) retail sales stood at 99,339 units in April 2026, registering a 15.02% year-on-year increase and marking the highest-ever April performance for the segment, as per Federation of Automobile Dealers Associations (FADA) data.

Sequentially, CV sales declined 3.12% compared to March, reflecting typical seasonality after year-end demand.

Growth was led by medium commercial vehicles (MCVs), which expanded 27.07% YoY, followed by light commercial vehicles (LCVs) at 17.76% and heavy commercial vehicles (HCVs) at 8.25%. The data suggests a broad-based recovery across freight and logistics categories.

Rural markets recorded stronger growth at 20.25% YoY compared to 10.22% in urban markets, indicating increasing penetration of logistics and infrastructure activity beyond metropolitan regions.

Fuel-wise, diesel continued to dominate the segment with an 82.34% share, followed by CNG/LPG at 12.08%, petrol at 3.28% and EVs at 2.26%, indicating gradual electrification but continued reliance on conventional fuels.

Demand drivers included infrastructure spending, steady goods movement, school bus replacement demand and improving confidence among small fleet operators.

However, dealers flagged elongated financing turnaround times, sporadic supply constraints in specific variants and geopolitical uncertainties impacting fuel prices as factors to monitor in the near term.