CV Retail Sales Aug 2026 – Tata, Mahindra, Ashok Leyland, VECV, Maruti, Force, Daimler

India’s commercial vehicle (CV) retail sales registered healthy year-on-year growth in August 2026, although volumes declined on a sequential basis. Total CV retail sales stood at 90,769 units, compared to 79,306 units in August 2025, registering 14.45% YoY growth. Compared to July 2026, when 99,666 commercial vehicles were retailed, sales declined by 8.93%.

CV Retail Sales Aug 2026

Tata Motors maintained a comfortable lead with retail sales of 30,338 units in August. This was up 20.73% from 25,128 units sold a year ago, adding 5,210 units. Tata commanded 33.42% of the CV retail market during the month. However, compared to July’s 34,733 units, Tata sales declined 12.65%.

Mahindra ranked second with 23,998 units and a 26.44% market share. Sales increased 7.52% YoY from 22,319 units, while MoM performance was down 7.89%. Ashok Leyland occupied third place with 16,649 units, up 8.50% YoY. Its market share stood at 18.34%. Sequentially, sales declined 5.89% from 17,691 units. Together, Tata, Mahindra and Ashok Leyland accounted for more than 78% of commercial vehicle retail sales in August.

VECV, Maruti And Force Motors

VECV recorded 7,186 units, registering relatively modest YoY growth of 3.38%. However, it witnessed a sharper 17.63% MoM decline from 8,724 units. Maruti Suzuki CV retail sales increased 14.87% YoY to 4,435 units. Sequential sales were almost flat, declining just 0.56%.

Force Motors posted 2,273 units, representing 16.74% YoY growth. Daimler was the only major manufacturer in the list to register positive MoM growth, with sales increasing 5.76% to 1,763 units. It also recorded 15.76% YoY growth. SML Mahindra sales stood at 1,336 units, up 4.62% YoY but down a substantial 27.59% MoM.

EV Share More Than Doubles

A notable development in the commercial vehicle market is the increasing share of electric vehicles. EVs accounted for 5.18% of CV retail sales in August 2026, compared to 3.57% in July and just 2.06% in August 2025. This means EV penetration has increased by 3.12 percentage points YoY, while also recording a sizeable 1.61 percentage point increase in just one month.

Diesel continues to dominate the segment, but its share has steadily declined. Diesel accounted for 78.77% of August sales, compared to 80.40% in July and 81.52% a year ago. CNG/LPG increased its share from 12.10% last year to 12.87%, while petrol/ethanol declined from 4.26% to 3.15%. Hybrid penetration remains negligible at 0.04%.

Overall, August was a positive month on a YoY basis for India’s commercial vehicle market, with every major OEM in the list registering growth over August 2025. The simultaneous decline in diesel share and rapid rise in EV penetration also indicates a gradual change in the fuel mix of the commercial vehicle segment.