Fiscal year 2024 witnessed a decrease of 1.5 percent in the sales of light commercial vehicles, but an increase in heavy commercial vehicles, with 595 thousand units and 373 thousand units respectively. This sector was majorly comprised of trucks, with a minor share for buses.
Domestic sales of commercial vehicles in India from financial year 2011 to 2024, by segment
India's financial year begins in April and ends in March. For example, FY 2020 started in April 2019 and ended in March 2020.
Data from previous reports has also been used.
Light commercial vehicles (LCV) have gross vehicle weight below 7.5 metric tons. Medium and heavy commercial vehicles (M&HCV) ranged from over 7.5 metric tons up to 55 metric tons.
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Ashok Leyland. (June 29, 2024). Domestic sales of commercial vehicles in India from financial year 2011 to 2024, by segment [Graph]. In Statista. Retrieved March 16, 2025, from https://www.statista.com/statistics/610381/commercial-vehicle-domestic-sales-volume-by-segment-india/?__sso_cookie_checker=failed
Ashok Leyland. "Domestic sales of commercial vehicles in India from financial year 2011 to 2024, by segment." Chart. June 29, 2024. Statista. Accessed March 16, 2025. https://www.statista.com/statistics/610381/commercial-vehicle-domestic-sales-volume-by-segment-india/?__sso_cookie_checker=failed
Ashok Leyland. (2024). Domestic sales of commercial vehicles in India from financial year 2011 to 2024, by segment. Statista. Statista Inc.. Accessed: March 16, 2025. https://www.statista.com/statistics/610381/commercial-vehicle-domestic-sales-volume-by-segment-india/?__sso_cookie_checker=failed
Ashok Leyland. "Domestic Sales of Commercial Vehicles in India from Financial Year 2011 to 2024, by Segment." Statista, Statista Inc., 29 Jun 2024, https://www.statista.com/statistics/610381/commercial-vehicle-domestic-sales-volume-by-segment-india/?__sso_cookie_checker=failed
Ashok Leyland, Domestic sales of commercial vehicles in India from financial year 2011 to 2024, by segment Statista, https://www.statista.com/statistics/610381/commercial-vehicle-domestic-sales-volume-by-segment-india/?__sso_cookie_checker=failed (last visited March 16, 2025)
Domestic sales of commercial vehicles in India from financial year 2011 to 2024, by segment [Graph], Ashok Leyland, June 29, 2024. [Online]. Available: https://www.statista.com/statistics/610381/commercial-vehicle-domestic-sales-volume-by-segment-india/?__sso_cookie_checker=failed
