Commercial Vehicle Sales 2024: Tata Motors Leads, 9,77,796 Units, Down 0.4% YoY

India's commercial-vehicle market registered 9,77,796 commercial vehicles in CY 2024. Volumes was broadly flat (−0.4%) against the 9,81,357 logged over the same 12 months of CY 2023.

October was the strongest month of the period at 95,386 commercial vehicles and December the quietest at 69,465, an average of 81,483 a month. 6 of those 12 months grew on the same month a year earlier.

CY 2024 ran from January 2024 to December 2024 and is closed. Every month in the table below is final, and every comparison on this page is against the matching month of CY 2023.

Commercial vehicles accounted for 3.6% of everything registered in India over the period, down from 3.9% in CY 2023. The whole market ran to 2,72,37,581 vehicles over the same window, up 9.1% year on year.

Tata Motors led the period with 3,42,484 registrations, down 4.7% on CY 2023. Mahindra follows on 2,40,432, 1,02,052 behind — a gap of 1.42x.

The fastest riser in the top 8 was Force Motors, up 29.0% to 17,149, while Tata Motors was down 4.7% at 3,42,484.

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 CY 2024. 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 CY 2024: −0.4% against +9.1% 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 2024 rather than CY 2024 alone — it is exact for that window.

Diesel accounts for 81.3% of commercial vehicle registrations over full-year 2024, with battery-electric at 1.1%.

Across the 2 completed windows in our Vahan record, commercial vehicle registrations went from 9,77,796 in CY 2024 to 10,39,849 in CY 2025, up 6.3% over the stretch.

CY 2026 is still running — 10 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.

State-level volumes for a single segment come from a calendar-year table, so the figures below cover full-year 2024. Maharashtra leads with 1,31,383 registrations, 13.4% of the segment.