The latest sales report for the month of March 2025 highlights the performance of commercial vehicle sales in both domestic and export markets. The data indicates mixed trends across various categories, with some segments showing growth while others experience a slight decline.
In the domestic market, the total sales of medium and heavy commercial vehicles (M&HCV) reached 16,082 units in March 2025, reflecting a 12 percent increase compared to March 2024. This growth was driven primarily by M&HCV bus sales, which saw a significant 22 percent increase, rising from 2,614 units in March 2024 to 3,200 units in March 2025. M&HCV truck sales also improved, recording a 9 percent rise from 11,773 units to 12,882 units. However, the light commercial vehicle (LCV) segment reported a 5 percent decline, with sales dropping from 6,800 units to 6,428 units. Consequently, the total domestic vehicle sales for March 2025 stood at 22,510 units, marking a 6 percent increase over the previous year.
On a cumulative basis, domestic sales figures reveal a slight decline. The total M&HCV sales for the fiscal year reached 114,793 units, down by 1 percent compared to the 116,067 units recorded in the previous fiscal year. While M&HCV buses saw an 18 percent increase in cumulative sales, M&HCV trucks experienced a 5 percent decline. LCV sales also dropped by 2 percent, bringing the total domestic vehicle sales for the year to 179,842 units, reflecting a 2 percent decrease compared to the previous year.
When considering both domestic and export sales, the total vehicle sales for March 2025 reached 24,060 units, representing a 6 percent increase from the 22,736 units sold in March 2024. M&HCV truck sales in this segment grew by 7 percent, while M&HCV buses recorded a remarkable 25 percent increase in sales. Despite these gains, the LCV segment witnessed a 4 percent decline, selling 7,022 units compared to 7,304 units in March 2024.
Cumulatively, the total vehicle sales, including exports, stood at 195,097 units, remaining nearly flat compared to the 194,553 units sold in the previous fiscal year. M&HCV sales saw a modest 1 percent increase, with bus sales rising by 19 percent, while truck sales declined by 3 percent. LCV sales remained stable, growing by just 1 percent.
Overall, the sales data for March 2025 showcases positive trends in the M&HCV segment, especially in bus sales, while LCV sales continue to face some challenges. The export market appears to be contributing to stability in total sales, offsetting the slight declines seen in the domestic segment. Moving forward, industry players will closely monitor market dynamics and demand patterns to drive growth in the commercial vehicle sector.
Disclaimer: The information presented in this article is based on reported sales data and is intended for informational purposes only. While efforts have been made to ensure accuracy, readers are advised to verify details from official sources before making any business or investment decisions. The article does not constitute financial or investment advice.