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| Sent at: April 24, 2026, 5:26 p.m. to 3 subscribers
Executive Summary
India's commercial vehicle market recorded 0 unit sales in January 2026, representing a None% month-on-month change. N/A maintained market leadership with 0% market share. The LCV segment continued to show strong momentum driven by e-commerce and last-mile logistics demand.
Market Overview — January 2026
| Segment | January 2026 | Prev Month | MoM | YoY |
|---|---|---|---|---|
| BUS | 10,794 | 8,771 | +23.1% | — |
| LCV | 29,321 | 27,311 | +7.4% | — |
| MHCV | 25,328 | 24,031 | +5.4% | — |
| SCV | 7,536 | 6,300 | +19.6% | — |
| Total | 72,979 | 66,413 | +9.9% |
OEM Performance
Market Share Distribution
OEM Sales & Growth
Ta…
Tata Motors
29,832
+7.2%
AL
Ashok Leyland
18,877
+13.6%
Ma…
Mahindra
10,187
+19.8%
Ei…
Eicher
7,248
+8.9%
BB…
BharatBenz
3,275
-10.9%
SML
SML Isuzu
2,123
+9.9%
Fo…
Force Motors
1,437
+20.9%
Segment Analysis
State-wise Performance
Top States by Sales Volume
| # | State | Sales | MoM |
|---|---|---|---|
| 1 | Uttar Pradesh | 10,222 | -95.6% |
| 2 | Maharashtra | 9,542 | -95.6% |
| 3 | Gujarat | 7,372 | -95.6% |
| 4 | Tamil Nadu | 6,560 | -95.6% |
| 5 | Rajasthan | 5,827 | -95.6% |
| 6 | Karnataka | 5,113 | -95.6% |
| 7 | Madhya Pradesh | 4,403 | -95.6% |
| 8 | Andhra Pradesh | 3,732 | -95.5% |
| 9 | West Bengal | 3,643 | -95.6% |
| 10 | Telangana | 2,890 | -95.7% |
Dealer Intelligence
Top Performing Dealers
| Dealer | OEM | Location | Sales | Growth |
|---|---|---|---|---|
| Vijay Motors (SML) | SML Isuzu | Tamil Nadu, City | 197 | +118.9% |
| Royal Motors (Tata) | Tata Motors | Maharashtra, City | 197 | +29.6% |
| Ganpati Automobiles (Tata) | Tata Motors | Gujarat, City | 196 | +108.5% |
| Lakshmi Motors (SML) | SML Isuzu | Maharashtra, City | 195 | +61.2% |
| AutoWorld (AL) | Ashok Leyland | Maharashtra, City | 193 | +26.1% |
| Anand Motors (SML) | SML Isuzu | Tamil Nadu, City | 192 | +123.3% |
| Ganpati Automobiles (AL) | Ashok Leyland | Karnataka, City | 192 | +39.1% |
| Lakshmi Motors (SML) | SML Isuzu | Uttar Pradesh, City | 190 | +24.2% |
| Krishna Motors (AL) | Ashok Leyland | Maharashtra, City | 187 | +259.6% |
| Anand Motors (Mahindra) | Mahindra | Gujarat, City | 187 | +183.3% |
Fastest Growing Dealers
+259.6%
Krishna Motors (AL)
— Ashok Leyland, Maharashtra
+215.7%
Highway Motors (BBenz)
— BharatBenz, Tamil Nadu
+188.5%
Ganpati Automobiles (BBenz)
— BharatBenz, Karnataka
+183.3%
Anand Motors (Mahindra)
— Mahindra, Gujarat
+154.2%
Ganpati Automobiles (BBenz)
— BharatBenz, Tamil Nadu
+142.9%
Pioneer Motors (Force)
— Force Motors, Uttar Pradesh
+132.1%
Deepak Motors (BBenz)
— BharatBenz, Karnataka
+127.4%
Vijay Motors (BBenz)
— BharatBenz, Uttar Pradesh
+123.3%
Anand Motors (SML)
— SML Isuzu, Tamil Nadu
+121.7%
Diamond Motors (BBenz)
— BharatBenz, Maharashtra
Prediction & Outlook
Looking ahead to February, the commercial vehicle market is expected to maintain positive momentum driven by infrastructure spending, fleet replacement cycles, and continued logistics expansion. Financial year-end purchases may provide additional tailwinds in the March quarter.
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