Indian Truck Market H1 FY 2026

The Indian Truck market started to show growth in Q2 FY 2026. In Q1 FY 2026, the market registered a 2% decline compared to Q1 FY 2025. However, in Q2 FY 2026, the Indian Truck Industry grew by 9% compared to the same quarter of the last Financial year. In H1 FY 2026, Truck sales in India grew by 3.4% compared to H1 FY 2025.

Truck production increased by 5%, and the Exports of trucks grew by 15%.

The actual impact of the GST cut will be reflected in the second half of the financial year. GST reform 2.0 will boost demand in every sector. We have created a segment—or application-wise Truck demand forecast for 2040.

Tata Motors lost 2% of its market share, but all other brands, like Mahindra Trucks, Eicher Trucks, Scania, Maruti Suzuki, and TI Clean, increased or stabilized their market share in H1 FY 2026. However, Heavy-Duty truck sales registered different growth. BharatBenz Truck sales have also declined since May 2025. After the increase in truck demand, BharatBenz Truck sales are expected to resume positive growth.

Tipper and Tractor Trailer segment sales showed minor degrowth in H1 FY 2026.

OEMs like Montra Electric and Blue Energy are launching new models because many applications in India are suitable for Electric trucks. Our exclusive database is Truck Opportunities for various applications.

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