Tata Motors, Mahindra, Ashok Leyland and VECV Drive Sturdy CV Progress in January 2026
India’s industrial automobile (CV) phase sustained its development momentum in January 2026, supported by continued infrastructure spending, regular rural exercise and improved tourism-led mobility demand. Retail gross sales rose 15.07% year-on-year to 1,07,486 models, in comparison with 93,420 models in January 2025. On a year-to-date foundation, FY26 gross sales stand at 8,56,834 models, marking a 9.56% enhance over 7,82,056 models recorded throughout the identical interval in FY25.
Section-wise efficiency remained broadly optimistic. Gentle Business Automobiles (LCVs) led volumes with 65,505 models, up 14.94% YoY. Medium Business Automobiles (MCVs) grew 18.87% to 7,648 models, whereas Heavy Business Automobiles (HCVs) rose 14.61% to 34,287 models. The expansion development displays steady freight motion, substitute demand and gradual enchancment in fleet utilisation.
CV Retail Gross sales – January 2026
Tata Motors retained management within the CV phase with 36,571 models offered in January 2026, commanding a 34.02% market share. This marks a powerful enchancment over 31,609 models in January 2025, with month-on-month volumes additionally rising from 29,560 models in December 2025. The corporate lately expanded its portfolio with 17 new-generation vans spanning 7 to 55 tonnes and launched the Tata Vehicles.ev model, additional strengthening its presence throughout diesel and electrical platforms together with Prima, Sigma and Extremely.
Mahindra secured the second place with 31,884 models, up from 27,550 models a yr earlier, translating to a 29.66% market share. Progress was supported by regular efficiency within the LCV and last-mile mobility segments, with Mahindra Final Mile Mobility Ltd contributing 2,131 models to total volumes.
Ashok Leyland reported retail gross sales of 19,205 models in January 2026, in comparison with 16,017 models in the identical month final yr, reflecting wholesome YoY development. VE Business Automobiles (VECV) adopted with 8,078 models, additionally registering sturdy annual development pushed by regular demand within the medium and heavy truck classes.
Within the LCV house, Maruti Suzuki’s Tremendous Carry maintained constant efficiency with 5,456 models, marginally greater than 5,238 models in January 2025. Daimler India Business Automobiles recorded 2,444 models, up from 2,193 models a yr in the past.
Drive Motors was the one OEM amongst main gamers to report a decline. Gross sales fell to 1,692 models from 1,844 models in January 2025, with market share slipping from 1.97% to 1.57% YoY. SML Isuzu contributed 919 models, whereas different producers collectively added 1,237 models to whole retail gross sales.
Total, January 2026 displays a steady and increasing CV market, with main OEMs capitalising on infrastructure push, logistics demand and gradual financial restoration to put up double-digit development.
