Indian Commercial Vehicles showed 6% growth in Production, 4% in Sales, and 19% in Exports in H1 FY 2026, which is an excellent improvement compared to Q1 FY 2026. ACG forecasted in our earlier articles that after Q2, the government will spend funds on development, which is one reason for the growth in the Indian Commercial vehicle Market.
Tata Motors is the market leader in the Indian CV segment, but is facing challenges from its competitors. Mahindra sold 10K units more in H1 FY 2026 compared to FY 2025. Ashok Leyland, Eicher, Maruti Suzuki, Mahindra, SML Isuzu, Force Motors, Isuzu Motors, and Volvo sold more vehicles than Tata Motors in H1 FY 2026 compared to the previous year’s H1.
Tata Motors is pursuing a multi-level strategy to increase its market share. The company is launching new models, developing an EV drivetrain, acquiring businesses, making Organizational changes, implementing Digitization, and engaging in aggressive marketing.
Electric Commercial vehicle OEMs like TI Clean Mobility, Toyota, JBM Auto, PMI, Pinnacle Mobility, and Switch Mobility registered double-digit sales growth in H1 FY 2026. Olectra sales declined but are expected to grow in H2 FY 2026. Scania CV sales more than doubled in the first half of FY 2026.
Indian CV sales grew by 7% in Q2 FY 2026; however, Q1 FY 2026 was negative. The H1 FY 2026 Indian commercial Vehicle sales also increased by 1.9%. The market momentum is expected to continue for the next half year of FY 2026. The detailed report is available under our subscription package.
LCV sales showed impressive growth of 10% in Q2 FY 2026, compared to only 0.4% in Q1 FY 2026.
Tata Motors, Mahindra, Ashok Leyland, and Eicher control over 90% of the market share. Other OEMs Switch Mobility, Isuzu Motors, JBM Auto, PMI, TI Clean Mobility, Toyota, Pinnacle Mobility, Scania, Daimler, Blue Energy, IPl Tech, Propel, and Olectra are growing players, especially in the EV CV segment.
Due to the positive market sentiment and released news, funds supported increased sales of all major OEMs in the second quarter of the current Financial year.
The gap between Tata Motors’ and Mahindra’s sales is narrowing in the CV segment. A similar pattern has been noticed with Tata Motors and Ashok Leyland.
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