Commercial Vehicle OEM Performance
Tata Motors led the CV market with 34.52%, slightly up from April but down year-on-year. Mahindra showed strong momentum, rising to 26.21%, gaining over 3 percentage points in a month. Ashok Leyland also improved to 18.20%, maintaining a solid third position. VE Commercial Vehicles and Maruti Suzuki held steady, while Force Motors saw a notable drop to 2.76% after a temporary spike in April. Daimler and SML Isuzu posted marginal gains. Interestingly, the ‘Others’ category fell sharply to 0.87%, suggesting a shift back to major players. Tata Motors led with 4,351 units (35.4%), down from last year. JSW MG surged to 3,765 units (30.6%), nearly doubling YoY. Mahindra held 2,632 units (21.4%), while Hyundai and BYD showed steady growth. Luxury brands BMW and Mercedes had minor shares. The EV passenger vehicle market is seeing strong competition with Tata’s lead challenged.
Commercial Vehicles Segmental Split
Forecast Chart
Application Segments
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