Truck Sales Rise by 2% in the First Half of FY2025, LCVs and MCVs Drive the Growth

By Mahender Singh | Published Date : October 24, 2025

Truck sales in India rose 2% in the first half of FY2025, driven by strong demand for light and medium commercial vehicles (LCVs and MCVs).

In the first half of the 2025 financial year, India’s truck market posted a small but steady rise. FADA’s latest numbers show sales reached 4,63,695 units between April and September, compared to roughly 4,54,000 units a year earlier — a 2% improvement overall.

LCV and MCV Segments Show Strong Demand

Table of Contents

1. LCV and MCV Segments Show Strong Demand

2. HCV Segment Slows Down

3. Mixed Monthly Performance

4. Market Outlook Looks Better

5. The Road Ahead

Read More: New Safety Step: Govt to Add Sounds to Electric Vehicles

Most of the growth actually came from Light Commercial Vehicles, or LCVs and Medium Commercial Vehicles (MCVs). According to experts, these types of trucks are getting more popular, especially for moving goods within cities and for short trips.

According to Anurag Singh, Advisor at Primus Partners, “The need for smaller and medium trucks inside cities keeps going up. It’s a sign that business activities are getting stronger.”

So even though total growth was just 2%, LCVs and MCVs helped balance the market and kept sales positive. The interest in electric trucks and fuel-efficient vehicles is also slowly increasing, especially in urban regions.

HCV Segment Slows Down

On the other hand, the Heavy Commercial Vehicle (HCV) segment faced a slowdown. Experts say this happened because better roads, faster toll systems and improved fleet use have reduced the need for new big trucks.

 Anurag Singh explained, “The trucks on the road now run longer distances in less time. So, companies don’t have to replace them as quickly as before.”

Mixed Monthly Performance

The FADA data reveals a few fluctuations. Sales jumped by 8.2% in January 2025 but then dipped by 3.7% in May. Experts say the drop happened because dealers had too many trucks in stock and fleet owners weren’t replacing vehicles as much.

Market Outlook Looks Better

Despite small challenges, the market’s outlook stays positive. Good monsoon rains, more infrastructure projects and steady GST rates are expected to help all truck categories grow in the coming months.

 The credit rating agency ICRA expects commercial vehicle sales to rise by 3–5% in FY2026.

Forecast for key segments:

• Bus sales may grow 8–10%
• LCV trucks could rise 3–5%
• Medium and Heavy trucks (M&HCV) might see a small 0–3% growth

The Road Ahead

India’s truck market is moving slowly but steadily. The growing demand for LCVs, MCVs and even electric trucks is helping the sector gain speed again. With more construction, mining and delivery work across the country, the future looks promising for truck manufacturers and transport businesses.

If you’re planning to buy a truck, mini truck, pickup, tipper, or trailer, check out TrucksBuses. You’ll find details on prices, features, variants and easy loan options — all in one place.

Also Read: Tata Signa 1923.K: The Most Powerful Tipper in the Mid-Commercial Vehicle Segment

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Frequently Asked Questions on Trucks

1: What caused the 2% rise in truck sales in India during FY2025’s first half?

Ans: The increase was mainly due to higher demand for Light Commercial Vehicles (LCVs) and Medium Commercial Vehicles (MCVs).

2: Why did Heavy Commercial Vehicle (HCV) sales decline during this period?

Ans: Better roads and improved fleet productivity reduced the need for new heavy trucks, leading to a slowdown in HCV sales.

3: What are the monthly sales trends reported by FADA in FY2025?

Ans: Sales grew 8.2% in January but dipped 3.7% in May, due to high dealer inventories and low replacement demand.

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