Mahindra Leads the CV Market After Strong Oct 2025 Sales

By Jony Shekhawat | Published Date : November 20, 2025

Strong festive demand, GST 2.0 benefits and rural buying push India’s CV retail sales to a new high in October 2025.

India’s commercial vehicle market saw strong movement in October 2025. With festive demand, GST 2.0 support and active road projects, CV sales grew rapidly in various segments. Mahindra was on top in the market for this month, while Tata Motors and other major brands also reported healthy numbers as buying activity stayed high.

CV Market Sees Big Growth in October

Table Of Contents

1. CV Market Sees Big Growth in October

2. LCV and MCV Move Up, HCV Slows Down

3. Mahindra Rises to the Top in October

4. Tata Motors Stands Strong at No.2

5. Ashok Leyland, Volvo and Force Show Mixed Trend

6. What to Expect Next

Read More: Kinetic Green, Exponent Team Up for 15-Minute Charging for Electric 3-Wheelers

October 2025 was a strong month for the commercial vehicle market in India. Total CV retail sales touched 1,07,841 units, which was a big rise from last year. It was 17.7% higher than 91,635 units of October 2024.

Compared to September 2025, the market also grew very fast with 49.52% MoM growth after selling 72,124 units a month earlier.

This strong demand came because of the festive season, government road and infrastructure spending, and the positive effect of the new GST 2.0 rules. Dealers said that demand can stay good till the end of the year due to the marriage season, harvest income and GST benefits.

LCV and MCV Move Up, HCV Slows Down

LCV sales showed the strongest rise in October. LCV numbers reached 72,948 units, which was 29.84% higher YoY and 64.33% higher MoM. MCV sales also grew well and reached 7,177 units, showing 19.78% YoY and 14.70% MoM growth. HCV sales were the only segment that dropped. They fell by 5.76% to 27,685 units, compared to 29,376 units last year.

In FY25, from April to October, there is a sales growth of 5.18%. This time, 5,68,607 units were sold in comparison to last year.

Mahindra Rises to the Top in October

Mahindra created a major milestone this month by becoming India’s highest-selling CV brand. The company sold 37,188 units, giving it a 34.48% share. Mahindra also crossed 3 lakh electric CVs, making it the top electric commercial vehicle maker in the country. With this growth, Mahindra truck and Mahindra pickup models saw strong interest from buyers.

Tata Motors Stands Strong at No.2

Tata Motors took the second position with 34,838 units sold in October. This was higher than 30,638 units last year. The company now holds a 32.30% market share. The new Tata Ace Gold Plus, a popular Tata mini truck, helped boost Tata’s LCV sales.

Tata truck models continued to perform well in most categories, even though Mahindra grew faster this month.

Ashok Leyland, Volvo and Force Show Mixed Trend

Ashok Leyland sold 15,904 units last year and 16,557 units in FY25.  However, this is a sales drop from 17.36% to 15.35%.

VE Commercial Vehicles (Volvo–Eicher) sold 7,598 units, up from 7,158 units. Force Motors also performed good and sold 1,823 units this year which is 423 units more than last year.

Daimler slipped slightly with 1,871 units compared to 1,903 earlier, while SML Isuzu dropped to 932 units from 1,000 units. Other OEMs together added 976 units, higher than last year’s 647 units.

What to Expect Next

For the coming months, there is an expectation of sales growth with festive buying and GST reforms pushing sales forward. All Tata trucks, Mahindra trucks, and Ashok Leyland trucks may be on a great sale point by minding the increasing competition during festive seasons.

Read More: HSBC Upgrades Tata Motors’ CV Arm to ‘Buy’ on Re-Rating Hopes

---

Frequently Asked Questions On Commercial Vehicles

Q1. What were the total CV retail sales in October 2025?

Ans. India recorded 1,07,841 commercial vehicle retail sales in October 2025, showing a strong rise over last year.

Q2. Which brand became No.1 in the CV market this month?

Ans. Mahindra became the top-selling CV brand in October 2025 by reaching 37,188 units.

Q3. Which CV segment performed the best in October?

Ans. The LCV segment performed the best, crossing 72,000+ units with strong year-on-year and month-on-month growth.

Q4. What factors pushed CV sales upward this month?

Ans. Festive buying, GST 2.0 benefits, government road work, rural harvest income and the wedding season helped boost demand.

---

Join us for the latest updates on the Truck Industry -

☞  Facebook 

☞  Instagram

☞  YouTube

☞  Twitter

☞  LinkedIn

☞  Threads

Join Our WhatsApp Channel