FADA Sales Report March 2025: CV sales increased by 2.68% YoY

Key Highlights:

• Commercial vehicle sales in March 2025 reached 94,764 units.
• Light, medium, and heavy commercial vehicles segments saw month-on-month growth.
• Tata Motors remained the top seller with 30,474 units.
• Brands like Force Motors and Maruti Suzuki showed strong year-on-year sales growth.
• FADA noted weak early March sales due to Kharmas, but festivals and year-end purchases boosted performance later.

FADA, the Federation of Automobile Dealers Association, has shared the commercial vehicle sales data for March 2025. The commercial vehicle (CV) segment saw a growth of 2.68% year-on-year and 14.50% month-on-month sales.

Commercial Vehicle Sales in March 2025: Category-Wise Breakdown

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

Commercial Vehicles (CV): In March 2025, the total commercial vehicle (CV) sales were 94,764 units. This was higher than the 82,763 units sold in February 2025 and the 92,292 units sold in March 2024. This means sales went up by 14.50% compared to last month and 2.68% compared to last year.

Light Commercial Vehicles (LCV) sold 52,380 units in March 2025. This is more than 45,742 units in February 2025 and 49,617 units in March 2024. So LCV sales grew 14.51% month-on-month and 5.57% year-on-year.

Medium Commercial Vehicles (MCV) had sales of 7,200 units in March 2025. This was up from 6,212 in February and 6,404 units in March 2024. MCV sales increased by 15.90% MoM and 12.43% YoY.

Heavy Commercial Vehicles (HCV) saw sales of 29,436 units in March 2025. This is higher than 26,094 in February 2025 but lower than 30,942 in March 2024. So, HCV sales increased 12.81% from last month but dropped 4.87% from last year.

The "Others" category sold 5,748 units in March 2025. This is higher than 4,715 in February and 5,329 in March 2024. This shows a 21.91% increase from last month and a 7.86% growth from last year.

OEM Wise CV Sales Report for March 2025

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

Tata Motors sold 30,474 commercial vehicles in March 2025 compared to 33,272 units in March 2024.

Mahindra & Mahindra recorded sales of 24,170 units in March 2025 compared to 21,816 units in March 2024.

Ashok Leyland sold 16,365 vehicles in March 2025, which is higher than the 15,452 units sold in March 2024.

VolvoEicher Commercial Vehicles sold 6,777 units in March 2025 compared to 6,814 units in March 2024.

Maruti Suzuki sold 3,930 vehicles in March 2025, up from 3,404 units in March 2024.

Force Motors recorded sales of 2,692 units in March 2025, which is more than the 1,559 units sold in March 2024.

Daimler India Commercial Vehicles sold 1,850 units in March 2025, slightly fewer than the 1,920 units sold last year in March.

SML Isuzu sold 1,027 units in March 2025 compared to 908 units in March 2024.

In the Others category, total sales were 7,479 units in March 2025, up from 7,147 units in March 2024. The total commercial vehicle sales in March 2025 were 94,764 units compared to 92,292 units in March 2024.

Leadership Insights:

FADA President Mr. C S Vigneshwar shared his perspective on the Auto Retail performance for March 2025: "The first three weeks of March were notably weak, mainly due to the Kharmas period. However, sales picked up significantly in the last week, driven by positive factors such as Navratri, Gudi Padwa, Eid, and year-end purchases influenced by depreciation benefits. Overall, retail sales showed a YoY decline of 0.7% but saw a MoM increase of 12%. Among the segments, 2W, 3W, and Trac experienced YoY drops of 1.7%, 5.6%, and 5.7%, respectively, while PV and CV grew by 6% and 2.6% YoY. All segments performed positively on a MoM basis. Dealers across segments raised concerns about exceptionally high targets, which were often set without joint agreement. It is important for OEMs and Dealers to work together to set realistic targets that align with on-ground realities. While incentives and festival-driven sales did push results higher, dealers remain cautious about high stock levels and pressure from targets as the new financial year begins."

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

CMV360 Says

March 2025 was a mix for the commercial vehicle market. Sales went up at the end of the month because of festivals and year-end buying, but the beginning was slow. Some companies did better than last year, while others didn’t. Dealers are also worried about high targets and too much stock. So, even though sales grew, it’s still a bit tough for many. For more updates on sales reports, keep following CMV360 and stay tuned!