CV Sales in March 2025: Tata Motors Figures Dip, Ashok Leyland and Eicher Shine in India's Commercial Vehicle Market

The Indian commercial vehicle (CV) market experienced a mixed performance in March 2025, with Tata Motors reporting a decline in sales, while Ashok Leyland and Eicher Motors registered positive growth. This shift highlights the evolving dynamics in the sector, driven by varying consumer demand and market conditions.

Tata Motors Faces a Sales Decline in March 2025

Tata Motors, a key player in the Indian CV market, saw a 3% decline in total CV sales in March 2025. The company sold 41,122 units during the month, compared to 42,262 units in March 2024. Despite this dip, Tata Motors' heavy commercial vehicle (HCV) segment showed stability, posting a slight 1% increase in sales. However, smaller commercial vehicles (SCVs) and pickups saw a sharp 17% decline in sales.

Tata Motors' Overall Performance in FY25 Declines

For Q4 FY25, Tata Motors reported a 5% drop in total sales, with 252,642 units sold, compared to 265,090 units in the same quarter last year. This decline reflects a broader slowdown in the company’s performance, with the full fiscal year showing lower sales than the previous year. Despite this, light and intermediate commercial vehicles (ILMCVs) posted a 6% growth, indicating positive demand in specific segments.

Ashok Leyland Shows Positive Growth in Sales

On the other hand, Ashok Leyland reported a 6% increase in CV sales, reaching 24,060 units in March 2025. While the company’s full-year sales remained flat at 1,95,097 units for FY25, the growth in March signals ongoing demand for Ashok Leyland's commercial vehicles in both domestic and export markets.

Eicher Motors Sees Strong Sales Growth in March 2025

Eicher Motors posted an impressive 7.6% increase in March 2025 CV sales. The company saw a 6.3% growth in domestic sales, while exports surged by 44.3%, reflecting the growing international demand for its vehicles.