FADA Sales Report February 2025: CV sales decreased by 8.60% YoY

Key Highlights:

• The commercial vehicle market experienced an 8.60% YoY decline.
• Sales in the CV segment for February 2025 totaled 82,763 units.
• TATA Motors maintained its lead with 32.53% market share.
• Mahindra & Mahindra saw a slight improvement in February sales.
• Dealers noted a tough commercial environment, with weak sales in the transportation sector.

FADA, the Federation of Automobile Dealers Association, has shared the commercial vehicle sales data for February 2025. The commercial vehicle (CV) segment saw a decline of 8.60% year-on-year and 16.76% month-on-month sales.

FADA President, Mr. C S Vigneshwar, shared his views on the Auto Retail performance for February 2025. He said, "February saw a general downturn across all vehicle categories, which we had expected based on our earlier survey predicting a 'Flat to De-growth' trend. The overall market had a 7% YoY decline, with two-wheelers (2W), three-wheelers (3W), passenger vehicles (PV), tractors, and commercial vehicles (CV) dropping by 6%, 2%, 10%, 14.5%, and 8.6% respectively. Dealers also raised concerns about inventory being forced upon them without their consent. While this may serve business goals, it’s important to match wholesale allocations with actual demand to keep dealer operations viable and manage inventory well. In the CV segment, which had a small YTD decline of  0.5%, retail sales dropped by 8.6% YoY. Dealers noted a tough commercial environment, with weak sales in the transportation sector, stricter finance norms, and pricing pressures causing delays in customer decisions—especially for bulk orders and institutional contracts. Although strong bookings in the tipper segment, driven by government spending, brought some relief, the overall negative sentiment and market changes require a more flexible approach."

Commercial Vehicle Sales in February 2025: Category-Wise Breakdown

Here’s a breakdown of the commercial vehicle (CV) segment in February 2025:

CV (Commercial Vehicles): In February 2025, the overall Commercial Vehicle (CV) sales stood at 82,763 units, reflecting a decline of 16.76% compared to January 2025 and an 8.60% decrease year-on-year (YoY) from February 2024.

LCV (Light Commercial Vehicles): The LCV segment experienced a sales drop of 18.91% month-on-month (MoM), with 45,742 units sold in February 2025. Compared to February 2024, there was a decline of 7.35%.

MCV (Medium Commercial Vehicles): In the MCV segment, a total of 6,212 units were sold in February 2025, showing a decline of 10.94% M-O-M and a 5.32% Y-O-Y.

HCV (Heavy Commercial Vehicles): HCV sales stood at 26,094 units, marking a decline in M-O-M sales of 13.20% and an 11.49% YoY.

Others: Sales of commercial vehicles in others, totaled 4,715 units in February 2025, reflecting a 21.14% M-O-M and an 8.21% Y-O-Y drop.

OEM Wise CV Sales Report for February 2025

In February 2025, the commercial vehicle market saw notable changes in sales. Here is the OEM Wise CV Sales Report for February 2025:

TATA Motors Ltd: The company maintained its leadership in the commercial vehicle market, selling 26,925 units and capturing a market share of 32.53%. However, the company sold more units in February 2024, with 32,555 units.

Mahindra & Mahindra Ltd: The company saw a stable performance with 21,149 units sold, representing 25.55% of the market. This is a slight decrease in sales as compared to February 2024, 21,275 units

Ashok Leyland Ltd: Ashok Leyland sold 14,393 units, holding 17.39% of the market. However, sales were down from 15,408 units in February 2024.

VE Commercial Vehicles Ltd: VE Commercial Vehicles sold 6,268 units in February 2025, securing 7.57% of the market share. Compared to February 2024, sales were increased from 6,127 units.

Maruti Suzuki India Ltd: Maruti Suzuki's sales reach 3,669 units, holding 4.43% of the market share. Compared to February 2024, sales increased from 3,347 units.

Force Motors Ltd: Force Motors' sales decreased to 1,762 units in February 2025, compared to 2,060 units in February 2024.

Daimler India Commercial Vehicles Pvt. Ltd: In February 2025, Daimler India's sales were 1,699 units, a decrease from 1,860 units in February 2024.

SML Isuzu Ltd: SML Isuzu saw a minor increase in sales. In February 2025, the company sold 812 units, an increase from 774 units in February 2024.

Others: The total commercial vehicle sales in "Others" category for February 2025 were 6,086 units, a decrease from 7,145 units in February 2024.

Total Market: The total commercial vehicle sales for February 2025 were 82,763 units, a decrease from 90,551 units in February 2024.

Also Read: FADA Sales Report January 2025: CV sales increased by 8.22% YoY

CMV360 Says

The commercial vehicle market is facing some problems, with sales going down across different categories. Dealers are worried about getting more inventory than they can sell, which could lead to extra stock and financial issues. TATA Motors is still leading, but the overall drop in sales shows that the market needs to adjust to these changes. For more updates on sales, keep following CMV360 and stay tuned!