- India truck registrations rose 10.8% to 102,164 in October.
- October edged above January’s 101,366, making it the strongest month of 2026 so far.
- May remained the low point at 73,228 registrations.
India truck registrations climbed to their best monthly level of 2026 so far in October. That is 39.5% above the May low, and just 0.8% ahead of January. September had already pointed the same way, with registrations up 15.9% to 92,211.
How the year has played out
January started high, and the market then slipped for months. By May it was down to 73,228. The recovery since then has been steady, with one stumble in August when registrations fell 6.9%. Then September and October did the heavy lifting.
November and December are still to come, so October may not stay the high point for long. The festive months usually keep freight busy.
Who gained and who lost
The total only tells you how big the market is. The more useful question is who is taking the extra volume. Here is how each OEM’s share changed between September and October.
Diesel barely moved. Most OEMs shifted by less than 2 percentage points, and VECV in medium trucks was the exception. Ashok Leyland gave up a little in every diesel segment: 1.7 points in heavy trucks, 0.3 in light and 1.9 in medium.
CNG saw bigger moves. VECV picked up 6.8 points in heavy CNG trucks, mostly at the expense of Ashok Leyland (down 4.2) and Tata Motors (down 2.6). In medium CNG trucks, it went the other way: Tata Motors gained 2.0 and SML Mahindra 1.4, while Ashok Leyland lost 2.2.
Electric trucks are where the action is
The sharpest swings were in electric heavy trucks. IPL Tech’s share dropped from 40.0% to 20.6% in one month. Blue Energy (up 7.6 points), QUCEV (up 7.0), EIM (up 4.8) and Propel (up 2.3) took most of it. In electric light trucks, Tata Motors gained 3.6 points.
Keep in mind that volumes are small here. One large delivery can move a share by double digits, so a single month proves little. Still, the direction fits what we saw at the end of October, when Tata Motors and Amazon announced a plan for 3,000 electric trucks, mostly light and medium duty.
LNG and petrol show even wilder numbers. Blue Energy lost 70.7 points in LNG heavy trucks, and Maruti Suzuki gained 8.5 in petrol light trucks. Both come from tiny bases, so we would not read much into them yet.
What this means for OEMs
Diesel is still the steady core of the market, and that is where most volume sits. The real competition for share is in CNG and electric. If you sell into those segments, track three months of data before you call a trend. For electric light and medium trucks, fleet orders like Amazon’s are worth watching, since a handful of buyers can reshape the table quickly.
For more data, see our Indian truck market reports.
