FADA CV Retail Sales August 2026: Commercial Vehicle Sales Rise 14.45% YoY to 90,769 Units; Tata Motors Leads with 33.42% Market Share
Add CMV360 on GoogleFADA reports 90,769 commercial vehicle retail sales in August 2026. Tata Motors leads with 33.42% market share, while LCVs dominate volumes despite an -9.19% month-on-month market decline.
By Sonal Verma
Key Highlights
Commercial vehicle retail sales reached 90,769 units in August 2026.
Overall CV sales grew 14.45% YoY.
LCVs remained the highest-selling segment with 55,972 units.
Tata Motors retained market leadership with a 33.42% market share.
Mahindra & Mahindra remained the second-largest OEM with 26.44% market share.
India's commercial vehicle (CV) retail market recorded sales of 90,769 units in August 2026, according to FADA Research. While the industry witnessed an -8.93% month-on-month decline compared to July 2026, it still managed to register a 14.45% year-on-year growth over August 2025.
The decline in monthly volumes was seen across all major vehicle categories, including LCVs, MCVs, and HCVs. However, the market continued to show resilience on a yearly basis, supported by demand from logistics, infrastructure, transportation, and last-mile delivery sectors.
Overall CV Market Performance - August 2026
The commercial vehicle market recorded 90,769 units in August 2026, compared to 99,666 units in July 2026 and 79,306 units in August 2025.
The healthy yearly growth indicates sustained demand across transportation, construction, e-commerce, and last-mile delivery sectors.
Category-Wise CV Sales Performance - August 2026
Category | Aug'26 | Jul'26 | Aug'25 | MoM % | YoY % |
Total CV | 90,769 | 99,666 | 79,306 | -8.93% | 14.45% |
LCV | 55,972 | 61,634 | 48,536 | -9.19% | 15.32% |
MCV | 8,092 | 9,925 | 7,331 | -18.47% | 10.38% |
HCV | 26,640 | 28,070 | 23,372 | -5.09% | 13.98% |
Others | 65 | 37 | 67 | 75.68% | -2.99% |
Segment-Wise Market Analysis
Light Commercial Vehicles (LCV)
The LCV segment remained the largest contributor to India's commercial vehicle market with 55,972 retail units in August 2026.
Sales increased from July 2026 with 61,634 units, showing a decline of -9.19% MoM compared to August 2026, while recording an impressive 15.32% YoY growth with over 48,536 units sold in August 2025 compared to August 2026.
Continued demand from e-commerce, urban logistics, and last-mile transportation supported the segment's yearly growth.
Medium Commercial Vehicles (MCV)
The MCV category recorded 8,092 units during August 2026.
Although the segment declined -18.47% MoM from 9,925 units in July, it registered a healthy 10.38% YoY growth compared to 7,331 units sold in August 2025.
Regional cargo movement, institutional demand, and fleet additions supported yearly growth.
Heavy Commercial Vehicles (HCV)
The HCV segment reported 26,640 retail units in August 2026.
Sales declined significantly compared to 28,070 units in July 2026, resulting in a -5.09% MoM decline. Compared to 23,372 units sold in August 2025, the segment grew 13.98% YoY.
The sales reflect stable demand from infrastructure projects, construction, mining, and long-haul freight operations.
Others
The Others category recorded 65 units during August 2026.
The segment registered growth in 75.68% MoM and declined in -2.99% YoY, continuing to account for only a small share of the overall commercial vehicle market.
OEM-Wise Market Share - July 2026
Commercial Vehicle OEM | Aug’26 | Market Share (%) Aug’26 | Aug’25 | Market Share (%) Aug’25 |
Tata Motors Ltd | 30,338 | 33.42% | 25,128 | 31.68% |
Mahindra & Mahindra Ltd | 23,998 | 26.44% | 22,319 | 28.14% |
└ Mahindra & Mahindra Ltd | 22,238 | 24.50% | 20,709 | 26.11% |
└ Mahindra Last Mile Mobility Ltd | 1,760 | 1.94% | 1,610 | 2.03% |
Ashok Leyland Ltd | 16,649 | 18.34% | 15,344 | 19.35% |
└ Ashok Leyland Ltd | 16,369 | 18.03% | 15,071 | 19.00% |
└ Switch Mobility Automotive Ltd | 280 | 0.31% | 273 | 0.34% |
VE Commercial Vehicles Ltd | 7,186 | 7.92% | 6,951 | 8.76% |
└ VE Commercial Vehicles Ltd | 7,112 | 7.84% | 6,904 | 8.71% |
└ VE Commercial Vehicles Ltd (Volvo Buses Division) | 74 | 0.08% | 47 | 0.06% |
Maruti Suzuki India Ltd | 4,435 | 4.89% | 3,861 | 4.87% |
Force Motors Ltd | 2,273 | 2.50% | 1,947 | 2.46% |
Daimler India Commercial Vehicles Pvt. Ltd | 1,763 | 1.94% | 1,523 | 1.92% |
SML Mahindra Ltd | 1,336 | 1.47% | 1,277 | 1.61% |
Others | 2,791 | 3.07% | 956 | 1.21% |
Total | 90,769 | 100.00% | 79,306 | 100.00% |
OEM Performance Overview
Tata Motors Ltd
Tata Motors retained its position as India's leading commercial vehicle OEM by selling 30,338 units in August 2026.
The company increased its market share to 33.42%, up from 31.68% in August 2025, reflecting strong demand across both light and heavy commercial vehicle categories.
Mahindra & Mahindra Ltd
Mahindra & Mahindra remained the second-largest player with 23,998 units and a 26.44% market share.
While retail volumes increased significantly from last year, its market share was marginally lower than the 28.14% recorded in August 2025.
Ashok Leyland Ltd
Ashok Leyland registered 16,649 retail units, accounting for 18.34% of the market.
The company posted healthy volume growth over last year, although its market share declined slightly from 19.35%.
VE Commercial Vehicles Ltd
VE Commercial Vehicles reported retail sales of 7,186 units, capturing 7.92% market share.
Sales improved compared to August 2025, while market share eased slightly from 8.76%.
Maruti Suzuki India Ltd
Maruti Suzuki sold 4,435 commercial vehicles during August 2026 and secured a 4.89% market share.
The company recorded healthy volume growth over the previous year while maintaining its presence in the compact commercial vehicle segment.
Force Motors Ltd
Force Motors registered 2,273 retail units, improving sales compared to last year.
The company accounted for 2.50% of the market, slightly higher than 2.46%in August 2025.
Daimler India Commercial Vehicles Pvt. Ltd
Daimler India Commercial Vehicles recorded 1,763 retail units, with a 1.94% market share.
The company posted a modest increase in sales, although its market share also increased compared to 1.92% a year ago.
SML Mahindra Ltd
SML Mahindra recorded 1,336 retail units, with a 1.47% market share.
The company posted a modest increase in sales, although its market share declined compared to 1.61% a year ago.
Other OEMs
Other manufacturers together sold 2,791 units, accounting for 3.07% of the market, compared with 1.21% in August 2025.
Market Outlook
The August 2026 commercial vehicle retail data indicates a temporary slowdown in monthly demand after a stronger July performance. However, the market continued to register positive year-on-year growth, demonstrating underlying strength in logistics, transportation, infrastructure, and fleet replacement demand.
While LCVs remained the key growth driver, HCV demand moderated during the month. Leading OEMs such as Tata Motors, Mahindra & Mahindra, and Ashok Leyland continued to dominate the market, while smaller players and last-mile mobility-focused manufacturers maintained steady progress.
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CMV360 Says
India's commercial vehicle market recorded 90,769 retail units in August 2026, reflecting a mixed performance. Although monthly sales declined across major segments, the industry remained in positive territory on a year-on-year basis.
The LCV segment continued to lead overall volumes, while Tata Motors strengthened its leadership position with a 33.42% market share. Mahindra & Mahindra and Ashok Leyland remained strong contenders, reinforcing their presence in the country's CV market.
With continued investments in infrastructure, expanding logistics networks, and growing transportation requirements, the commercial vehicle industry is expected to maintain stable demand momentum in the coming months.
Hi, I’m Sonal Verma, an automobile content creator and writer with a passion for everything that keeps India m .....
