Commercial Vehicle Sales FY 2024-25: Tata Motors Leads, 9,81,904 Units, Up 0.1% YoY

India's commercial-vehicle market registered 9,81,904 commercial vehicles in FY 2024-25. Volumes barely moved (+0.1%) against the 9,81,133 logged over the same 12 months of FY 2023-24.

January was the strongest month of the period at 96,618 commercial vehicles and December the quietest at 69,465, an average of 81,825 a month. 6 of those 12 months grew on the same month a year earlier.

FY 2024-25 ran from April 2024 to March 2025 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of FY 2023-24.

Commercial vehicles accounted for 3.6% of everything registered in India over the period, down from 3.8% in FY 2023-24. The whole market ran to 2,72,53,886 vehicles over the same window, up 6.4% year on year.

Tata Motors led the period with 3,34,255 registrations, down 5.5% on FY 2023-24. Mahindra follows on 2,47,889, 86,366 behind — a gap of 1.35x.

The fastest riser in the top 8 was Force Motors, up 18.8% to 17,735, while Tata Motors was down 5.5% at 3,34,255.

Volumes here are registrations inside the segment only, counted with Vahan's own vehicle-class filter, so each is the manufacturer's commercial vehicle volume over FY 2024-25. Companies that file electric models under a maker of their own appear as separate rows.

Set against the rest of the market, commercial vehicles lagged the national picture over FY 2024-25: +0.1% against +6.4% for every vehicle registered in India.

இந்த அட்டவணை Vahan அறிக்கை அளிக்கும் ஒவ்வொரு பிரிவையும் ஒரே 12 மாதக் காலத்தில் உள்ளடக்குகிறது; அதனால் ஒப்பீடு நேருக்கு நேர் — இரு பக்கமும் ஒரே மாதங்கள், ஒரே மூலம்.

Vahan splits a segment by fuel only across a whole calendar year, so this table covers full-year 2025 rather than FY 2024-25 alone — it is exact for that window.

Diesel accounts for 81.0% of commercial vehicle registrations over full-year 2025, with battery-electric at 1.6%.

Across the 2 completed windows in our Vahan record, commercial vehicle registrations went from 9,81,904 in FY 2024-25 to 10,93,316 in FY 2025-26, up 11.3% over the stretch.

FY 2026-27 is still running — 7 of its 12 months are counted — so it is a part window and is never set against a full one. Its year-on-year figure compares only the months it actually holds.