Commercial Vehicle Sales FY 2026-27 (Year to Date): 5,82,012 Units, Up 22.5% YoY
Every commercial vehicle registered in India over FY 2026-27 so far — April 2026 to September 2026. India's financial year runs April to March, the window every listed automaker reports on. Month-by-month volumes, the manufacturer leaderboard, how the segment moved against the rest of the market, and the same window in every earlier year on record.
Live. FY 2026-27 is still in progress — this page updates every day as new registrations are published.
Commercial Vehicle sales month by month, FY 2026-27
India's commercial-vehicle market registered 5,82,012 commercial vehicles in FY 2026-27 so far. Volumes rose sharply 22.5% against the 4,75,071 logged over the same 6 months of FY 2025-26.
September was the strongest month of the period at 1,04,578 commercial vehicles and May the quietest at 86,433, an average of 97,002 a month. Every one of those 6 months grew on the same month a year earlier.
FY 2026-27 still has 6 months to run. Held at the pace of the 6 months already counted, it would finish near 11.64 L commercial vehicles — a run rate rather than a forecast, and the festive quarter moves it more than anything else on this page.
Commercial vehicles accounted for 3.7% of everything registered in India over the period, up from 3.7% in FY 2025-26. The whole market ran to 1,55,77,060 vehicles over the same window, up 20.9% year on year.
Commercial Vehicle registrations by month — FY 2026-27 vs FY 2025-26
Vahan retail registrations, each month set against the same month a year earlier. The lighter bar is October so far, not yet in the FY 2026-27 total.
Every completed month of FY 2026-27, with the matching month of FY 2025-26 beside it.
| Month | FY 2026-27 units | FY 2025-26 units | YoY | Share of period |
|---|---|---|---|---|
| April 2026 | 1,01,342 | 87,454 | +15.9% | 17.4% |
| May 2026 | 86,433 | 78,362 | +10.3% | 14.9% |
| June 2026 | 93,963 | 76,807 | +22.3% | 16.1% |
| July 2026 | 1,02,532 | 79,203 | +29.5% | 17.6% |
| August 2026 | 93,164 | 78,812 | +18.2% | 16.0% |
| September 2026 | 1,04,578 | 74,433 | +40.5% | 18.0% |
Each month links through to its own full report.
Which manufacturer sold the most, FY 2026-27
Tata Motors led the period with 1,96,458 registrations, up 27.6% on FY 2025-26. Mahindra follows on 1,42,641, 53,817 behind — a gap of 1.38x.
The fastest riser in the top 15 was Euler Motors, up 1306.4% to 4,599, while Others was down 33.0% at 2,198.
Volumes here are registrations inside the segment only, counted with Vahan's own vehicle-class filter, so each is the manufacturer's commercial vehicle volume over FY 2026-27. Companies that file electric models under a maker of their own appear as separate rows.
Top manufacturers by registrations — FY 2026-27
Registrations inside the segment (commercial vehicles only).
Exact registrations over April 2026 to September 2026, with the change against FY 2025-26.
| # | Manufacturer | FY 2026-27 units | Share of commercial vehicles | vs FY 2025-26 |
|---|---|---|---|---|
| 1 | Tata Motors | 1,96,458 | 33.75% | +27.6% |
| 2 | Mahindra | 1,42,641 | 24.51% | +19.7% |
| 3 | Ashok Leyland | 1,03,650 | 17.81% | +17.7% |
| 4 | VECV (Eicher) | 48,811 | 8.39% | +15.0% |
| 5 | Maruti Suzuki | 21,554 | 3.70% | +23.0% |
| 6 | Force Motors | 11,608 | 1.99% | +13.7% |
| 7 | Mahindra Last Mile | 11,215 | 1.93% | +25.1% |
| 8 | Daimler India CV | 11,026 | 1.89% | +18.4% |
| 9 | SML Mahindra | 8,163 | 1.40% | +11.1% |
| 10 | Euler Motors | 4,599 | 0.79% | +1306.4% |
| 11 | Local Trailer Manufacturer | 2,776 | 0.48% | +13.1% |
| 12 | Others | 2,198 | 0.38% | −33.0% |
| 13 | Isuzu India | 1,867 | 0.32% | +4.9% |
| 14 | Switch Mobility | 1,396 | 0.24% | +64.4% |
| 15 | Toyota Kirloskar | 1,286 | 0.22% | −31.4% |
Commercial Vehicle sales against the rest of the market
Set against the rest of the market, commercial vehicles outgrew the national picture over FY 2026-27: +25.9% against +20.9% for every vehicle registered in India.
The table covers every segment Vahan reports over the same 6-month window, so the comparison is like for like — the same months, the same source, on both sides.
Commercial Vehicle share of the Indian market, month by month
Commercial vehicles as a percentage of every vehicle registered that month.
Exact segment volumes over April 2026 to September 2026.
| Segment | FY 2026-27 units | Share | vs FY 2025-26 |
|---|---|---|---|
| Two-Wheelers | 1,10,53,543 | 70.96% | +20.5% |
| Cars & UVs | 23,18,975 | 14.89% | +24.7% |
| Three-Wheelers | 7,49,582 | 4.81% | +15.3% |
| Tractors | 5,50,001 | 3.53% | +20.4% |
| Goods Carriers | 5,05,764 | 3.25% | +25.9% |
| Taxis & Cabs | 2,25,970 | 1.45% | +32.5% |
| Other classes | 96,977 | 0.62% | −1.1% |
| Buses | 76,248 | 0.49% | +3.9% |
What commercial vehicles run on
Vahan splits a segment by fuel only across a whole calendar year, so this table covers 2026 year to date rather than FY 2026-27 alone — it is exact for that window.
Diesel accounts for 80.4% of commercial vehicle registrations over 2026 year to date, with battery-electric at 3.1%.
Commercial Vehicle registrations by fuel — 2026 year to date
The 2026 year to date mix.
| Fuel | 2026 units | Share | vs full-year 2025 |
|---|---|---|---|
| Diesel | 7,66,963 | 80.38% | −0.66pp |
| CNG / LPG | 1,12,467 | 11.79% | +0.30pp |
| Electric | 29,542 | 3.10% | +1.51pp |
| Petrol | 25,518 | 2.67% | −1.01pp |
| Other | 19,162 | 2.01% | −0.13pp |
| Hybrid | 545 | 0.06% | −0.01pp |
Commercial Vehicle sales by financial year
Across the 2 completed windows in our Vahan record, commercial vehicle registrations went from 9,81,715 in FY 2024-25 to 10,93,397 in FY 2025-26, up 11.4% over the stretch.
FY 2026-27 is still running — 6 of its 12 months are counted — so it is a part window and is never set against a full one. Its year-on-year figure compares only the months it actually holds.
Commercial Vehicle registrations by financial year
* window still in progress.
| Period | Months | Units | YoY |
|---|---|---|---|
| FY 2026-27 (to date) | 6 | 5,82,012 | +22.5% |
| FY 2025-26 | 12 | 10,93,397 | +11.4% |
| FY 2024-25 | 12 | 9,81,715 | +0.1% |
Each row compares only the months that window holds, so a part period is never set against a full one.
Frequently asked questions
How many commercial vehicles were sold in India in FY 2026-27?
What period does FY 2026-27 cover?
Which manufacturer sold the most commercial vehicles in FY 2026-27?
Which was the strongest month for commercial vehicle sales in FY 2026-27?
What share of the Indian market were commercial vehicles in FY 2026-27?
What will full-year FY 2026-27 commercial vehicle sales be?
Which financial year had the highest commercial vehicle sales?
Are these retail sales or factory dispatches?
Commercial Vehicle sales, other periods
More from the reports desk
Source. Every figure is a vehicle registration, taken daily from the Ministry of Road Transport & Highways' Vahan 4 dashboard (vahan.parivahan.gov.in) — the same source FADA and the industry use for retail data. Registrations are not the wholesale dispatch numbers manufacturers announce each month. "EV" means battery electric (Vahan fuels PURE EV and ELECTRIC(BOV)); hybrids are counted separately. Information only, not investment advice.
Using these numbers? Cite "Flash Finance (Vahan data)" with a link to this page. This report's chart card is free to republish with the same credit.
