FADA Reports Strong Growth In Commercial Vehicle Sales In February 2026

India’s commercial vehicle (CV) market witnessed strong growth in February 2026, according to the latest retail sales report released by the Federation of Automobile Dealers Associations (FADA). The data highlights a positive trend in the industry, supported by improved freight demand, infrastructure activities, and rising logistics requirements across the country.

Retail sales of commercial vehicles reached 1,00,820 units in February 2026, compared to 78,219 units in February 2025, reflecting a 28.89% year-on-year growth. Despite this strong annual increase, the sector recorded a slight decline on a month-on-month basis. In January 2026, retail sales stood at 1,07,486 units, indicating a 6.2% drop in February compared to the previous month.

The FADA report covers sales across multiple segments including light commercial vehicles (LCV), medium commercial vehicles (MCV), and heavy commercial vehicles (HCV). It also provides insights into fuel-wise market share and retail performance across urban and rural regions. Overall, the February performance suggests that commercial vehicle demand remains strong, particularly in sectors linked to freight transportation and infrastructure development.

HCV And MCV Segments Drive Market Growth

Heavy commercial vehicles (HCV) and medium commercial vehicles (MCV) played a key role in driving the overall growth of the commercial vehicle market in February 2026.

Heavy commercial vehicle retail sales increased from 26,071 units in February 2025 to 35,127 units in February 2026, registering a 34.74% year-on-year growth. The HCV segment also showed a 2.45% month-on-month increase, indicating sustained demand for large freight transport vehicles.

Medium commercial vehicles recorded the highest growth rate among all segments. Sales rose from 5,797 units in February 2025 to 8,089 units in February 2026, marking a 39.54% year-on-year increase. On a monthly basis, MCV sales also grew by 5.77%, reflecting steady demand in the mid-size transport segment.

Light Commercial Vehicle Sales Performance

Light commercial vehicles remain the largest segment in India’s commercial vehicle market. In February 2026, LCV retail sales reached 57,547 units, up from 46,262 units in February 2025. This represents a 24.39% year-on-year growth.

However, the segment saw a 12.15% month-on-month decline, likely due to seasonal factors and fluctuations in short-distance logistics demand. LCVs are widely used for last-mile delivery, small business logistics, and e-commerce transportation, making them an essential part of the supply chain ecosystem.

Fuel-Wise Market Share And Industry Outlook

The FADA report also provides insights into the fuel distribution of commercial vehicles sold in February 2026. Diesel continues to dominate the segment by a large margin, reflecting its efficiency and suitability for long-distance transportation.

Fuel Distribution In Commercial Vehicles

The fuel-wise retail market share for February 2026 includes:

• Diesel vehicles accounted for 83.5% of the commercial vehicle market
• CNG or LPG-powered vehicles held 11.04% share
• Petrol or ethanol vehicles contributed 3.40% of sales
• Electric commercial vehicles captured 2.03% market share
• Hybrid vehicles represented 0.02% of the market

The share of electric commercial vehicles has increased compared to the previous year, highlighting the gradual adoption of cleaner mobility solutions in the logistics and transport sectors.

Looking ahead, dealer sentiment for the coming months remains positive. According to FADA, over 75% of dealers expect growth in March 2026, supported by the financial year-end buying cycle and several festive occasions including Navratri, Ramadan, Ugadi, Gudi Padwa, and Eid.

Infrastructure projects, increased freight activity, and a steady booking pipeline are expected to support demand for commercial vehicles in the near term. While supply constraints for certain models and global uncertainties remain factors to monitor, the overall outlook for the commercial vehicle industry remains cautiously optimistic.