Commercial vehicle sales in India FY 2021-2023, by manufacturer

Tata Motors sold the most commercial vehicles across India in financial year 2023, amounting to over 367.9 thousand units. Mahindra & Mahindra followed, with Ashok Leyland ranking third during the same period. Sales in financial year 2021 were affected by numerous conditions. Few of these conditions included the disruption of the market due to the COVID-19 pandemic, changes in axle load and emission norms, and a sluggish economy for the country, showing a decline in sales for manufacturers across most segments.

Overview of commercial vehicle sales in India

In financial year 2022, the sales volume of medium and heavy commercial vehicles across India reached above 241 thousand units. In the same year, India had contributed to the international trade by exporting around 92.3 thousand commercial vehicles. Out of these, nearly 35 thousand commercial vehicles were exported by Tata Motors in that year.

Introduction to Tata Motors

The market share of medium and heavy commercial vehicle trucks across India has been dominated by Tata Motors since years. Even more, the net revenue of Tata Motor’s group was almost 3.46 trillion Indian rupees in the financial year 2023.