Commercial vehicle sales hit record high in October 2026 led by heavy trucks

Commercial vehicle retail sales reached their highest-ever October level in 2026, driven by strong growth in heavy and medium trucks even as lighter vehicles saw a dip.

Sales Trends

Light Commercial Vehicle sales dropped by 9.57 percent year-on-year to 69,148 units. Medium Commercial Vehicle sales went up by 21.16 percent to 9,042 units, and Heavy Commercial Vehicle sales grew by 28.95 percent. The others category nearly doubled to 71 units from 36 units in October 2025. For the April to October 2026 period, total retail sales reached 7,02,405 units, marking an 18.17 percent increase compared to 5,94,384 units during the same months last year. Diesel vehicles kept their dominance with an 81.40 percent market share in October 2026. CNG and LPG models held 11.31 percent, petrol and ethanol models took 2.97 percent, electric vehicles held 4.29 percent, and hybrids made up 0.03 percent.

Company Performance

Tata Motors led the market with 39,914 units sold and a 34.67 percent market share. Mahindra stood second with 31,500 units, down from 38,602 units in October 2025, bringing its market share to 27.36 percent. Ashok Leyland grew its sales to 20,774 units from 17,797 units, taking an 18.04 percent share. VECV took fourth place with 9,603 units sold and an 8.34 percent share. Maruti Suzuki sales fell to 5,041 units from 6,147 units, dropping its share to 4.38 percent. Force Motors sold 2,363 units, Daimler recorded 2,205 units, and SML Mahindra posted 1,054 units.

Context

The Federation of Automobile Dealers Associations expects healthy demand from November 2026 to January 2027. This positive outlook is supported by ongoing work in infrastructure development, mining, and e-commerce across the country.