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

Key Highlights:

• Commercial vehicle sales grew by 8.22% year-on-year and 38.04% month-on-month in January 2025.
• Urban markets accounted for 51.2% of total sales, growing faster than rural areas.
• The LCV segment saw a 41.76% increase in sales compared to December 2024.
• Tata Motors led the market with a 31.57% share and Mahindra & Mahindra showed strong growth.
• Challenges like slowdowns in infrastructure projects and financing issues are affecting rural CV sales.

FADA, the Federation of Automobile Dealers Association, has shared the commercial vehicle sales data for January 2025. The commercial vehicle (CV) segment saw an 8.22% growth year-on-year and a 38.04% increase month-on-month. Urban markets made up 51.2% of total CV sales, growing at a faster pace of 9.51%, compared to 6.89% growth in rural areas. 

Higher freight rates and strong demand for passenger carriers boosted the segment, but slowdowns in cement, coal, and infrastructure projects, along with strict financing policies, remain challenges. The rural CV market is still weak, with dealers noting low industrial demand and financing issues. While some backlog orders helped maintain growth, future momentum will depend on the overall economic recovery and government infrastructure investments.

Commercial Vehicle Sales in January 2025: Category-Wise Breakdown

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

Total CV Sales: Total 99,425 units sold, showing an increase of 38.04% compared to December 2024 and a growth of 8.22% year-on-year from January 2024.

LCV (Light Commercial Vehicles): In this segment, 56,410 units sold in January 2025, up by 41.76% month-on-month and by 10.05% year-on-year.

MCV (Medium Commercial Vehicles): In this segment, 6,975 units sold in January 2025, an increase of 49.61% compared to December 2024 and a rise of 24.87% compared to January 2024.

HCV (Heavy Commercial Vehicles): In this segment, 30,061 units sold in January 2025, up by 31.96% from December 2024, but a slight decrease of 0.53% compared to January 2024.

Others: 5,979 units sold in January 2025, an increase of 24.80% from December 2024 and 24.28% from January 2024.

OEM Wise CV Sales Data for January 2025

In January 2025, the commercial vehicle market saw notable changes in sales. Here is the brand wise sales performance:

Tata Motors maintained the top spot with 31.57% market share, selling 31,393 vehicles in January 2025, slightly down from 31,816 in January 2024.

Mahindra & Mahindra showed strong growth, with 27.68% market share. In January 2025, the company sold 27,523 units, up from 23,675 in January 2024.

Ashok Leyland also increased its sales, capturing 15.84% of the market share. In January 2025, the company sold 15,748 vehicles, compared to 14,764 in January 2024.

VE Commercial Vehicles had a market share of 7.32%. In January 2025, the company sold 7,274 units, up from 6,021 in January 2024.

Maruti Suzuki saw a rise in sales, with 5.25% market share. In January 2025, the company sold 5,224 units, compared to 4,227 in January 2024.

Daimler India had a minor decrease, with 2.16% market share. In January 2025, the company sold 2,151 units, compared to 2,169 in January 2024.

Force Motors sold 1,621 vehicles in January 2025, capturing 1.63% market share, up from 1,278 units in January 2024.

SML Isuzu sold 690 units in January 2025, holding 0.69% of the market, slightly up from 677 last year.

The "Others" category accounted for 7.85% of the market share, with 7,801 units sold in January 2025.

Also Read: FADA Sales Report December 2024: CV sales decreased by 5.24% YoY

CMV360 Says

The increase in commercial vehicle sales is good news, especially with strong growth from urban markets. However, rural areas are still struggling with low demand and financing problems. Companies like Tata Motors and Mahindra & Mahindra are doing well, but issues like slowdowns in key industries and tough financing rules might slow things down. 

The future of the commercial market will depend on the economy and government investment in infrastructure. For more updates on sales, keep following CMV360 and stay tuned!