{"id":2394,"date":"2025-10-13T15:27:34","date_gmt":"2025-10-13T09:57:34","guid":{"rendered":"https:\/\/commercialbhp.com\/blogs\/?p=2394"},"modified":"2025-11-07T16:48:09","modified_gmt":"2025-11-07T11:18:09","slug":"india-cv-retail-sales-report-september-2025fada-report","status":"publish","type":"post","link":"https:\/\/commercialbhp.com\/blogs\/india-cv-retail-sales-report-september-2025fada-report\/","title":{"rendered":"India CV Retail Sales Report September 2025:FADA Report"},"content":{"rendered":"\t\t
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Overview: CV Market Performance in September 2025<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The Indian Commercial Vehicle (CV) market<\/strong> performed well in September 2025<\/strong>, showing steady year-on-year growth despite a slight month-on-month dip.
According to data released by the Federation of Automobile Dealers Associations (FADA)<\/strong>, CV retail sales<\/strong> rose by 2.66% YoY<\/strong>, increasing from 70,254 units in September 2024<\/strong> to 72,124 units in September 2025<\/strong>.<\/p>

Although sales were 4.59% lower than August 2025<\/strong>, the sector remained strong \u2014 supported by the transition to GST 2.0 norms<\/strong>, favorable monsoon conditions<\/strong>, and pre-festive demand<\/strong> across the LCV (Light Commercial Vehicle)<\/strong>, MCV (Medium)<\/strong>, and HCV (Heavy Commercial Vehicle)<\/strong> categories.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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What Is the FADA Report?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The FADA (Federation of Automobile Dealers Associations)<\/strong> report provides retail sales data<\/strong>, reflecting vehicles actually registered by end customers<\/strong>, not just shipped from manufacturers.
This makes it the most reliable indicator of true market demand<\/strong> in India\u2019s auto industry.<\/p>

FADA\u2019s insights are based on VAHAN portal registrations<\/strong>, offering transparent, accurate data for all vehicle categories \u2014 from two-wheelers<\/strong> to commercial vehicles (CVs)<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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CV Sales Snapshot \u2013 September 2025<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Category<\/strong><\/span><\/th>Units Sold (Sept 2025)<\/strong><\/span><\/th>Units Sold (Sept 2024)<\/strong><\/span><\/th>YoY Growth<\/strong><\/span><\/th><\/tr><\/thead>
Total CV Sales<\/strong><\/span><\/td>72,124<\/strong><\/span><\/td>70,254<\/strong><\/span><\/td>+2.66%<\/strong><\/span><\/td><\/tr>
LCV (Light CV)<\/strong><\/span><\/td>44,392<\/strong><\/span><\/td>41,875<\/strong><\/span><\/td>+6.03%<\/strong><\/span><\/td><\/tr>
MCV (Medium CV)<\/strong><\/span><\/td>6,257<\/strong><\/span><\/td>5,605<\/strong><\/span><\/td>+11.65%<\/strong><\/span><\/td><\/tr>
HCV (Heavy CV)<\/strong><\/span><\/td>21,401<\/strong><\/span><\/td>22,686<\/strong><\/span><\/td>\u22125.66%<\/strong><\/span><\/td><\/tr>
Other CVs (Bus, SCV)<\/strong><\/span><\/td>65<\/strong><\/span><\/td>87<\/strong><\/span><\/td>\u221225.29%<\/strong><\/span><\/td><\/tr><\/tbody><\/table>

Despite the month-on-month decline<\/strong>, the segment continues to expand steadily<\/strong>, driven by strong infrastructure spending<\/strong>, rural recovery<\/strong>, and logistics demand<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Brand-Wise Performance: Market Leaders & Highlights<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Tata Motors: The Market Leader Continues to Dominate<\/strong><\/h3>

Tata Motors<\/strong> retained its top spot in India\u2019s CV market, selling 23,827 units<\/strong> in September 2025.
Though this was a slight decline from 24,899 units<\/strong> a year ago, Tata still led with a 33.04% market share<\/strong> (down from 35.44% YoY).<\/p>

The company recently launched the Ace Gold Plus (Diesel)<\/strong> \u2014 a new addition to its popular mini-truck range<\/strong>, ideal for small businesses and last-mile logistics.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Mahindra & Mahindra: Rapid Growth and Strategic Expansion<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Mahindra<\/strong> recorded 21,126 CV sales<\/strong> in September 2025, up from 18,654 units<\/strong> in September 2024 \u2014 a 13.26% YoY growth<\/strong> and a market share gain to 29.29%<\/strong>.<\/p>

Its strong portfolio includes:<\/p>

  • Electric 3-wheelers:<\/strong> Treo, Treo Yaari, e-Alfa Mini<\/p><\/li>

  • Last-mile EVs:<\/strong> Zor Grand, Mahindra ZEO (LCV EV)<\/p><\/li>

  • Diesel workhorses:<\/strong> Bolero Pick-Up, Bolero Maxi Truck Plus<\/p><\/li><\/ul>

    In August 2025<\/strong>, Mahindra acquired a 58.96% stake in SML Isuzu<\/strong>, now renamed SML Mahindra Ltd.<\/strong>, boosting its presence in the Medium & Heavy Commercial Vehicle (M&HCV)<\/strong> segment.<\/p>

    \u00a0<\/p>

    Industry Insight:<\/strong> Mahindra\u2019s mix of diesel and electric CVs<\/strong> and its strategic SML acquisition<\/strong> position it as a serious challenger to Tata\u2019s long-held leadership<\/p><\/blockquote>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Ashok Leyland: The M&HCV Specialist<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Ashok Leyland<\/strong> sold 13,273 units<\/strong> in September 2025, up from 12,648 units<\/strong> in 2024 \u2014 marking a 4.9% YoY increase<\/strong> and an 18.4% market share<\/strong>.<\/p>

    Its strength remains in the Medium & Heavy Commercial Vehicle<\/strong> (M&HCV) segment, supported by rising demand in infrastructure<\/strong>, mining<\/strong>, and logistics<\/strong>.<\/p>

    The brand is also investing in electric buses<\/strong> and hydrogen fuel-cell technology<\/strong>, keeping pace with India\u2019s transition toward cleaner mobility.<\/p>

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    Maruti Suzuki: Stable in the LCV Space<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Maruti Suzuki<\/strong> recorded 3,277 CV sales<\/strong> in September 2025, down slightly from 3,464 units<\/strong> YoY.
    Its Super Carry LCV<\/strong> remains popular among small business owners for its affordability and fuel efficiency<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Force Motors: Consistent Performer in Niche Segments<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Force Motors<\/strong> grew its retail sales from 1,341 to 1,492 units<\/strong>, thanks to its strong presence in school buses<\/strong>, ambulances<\/strong>, and rural mobility<\/strong>.
    The Force Traveller<\/strong> and Trax<\/strong> remain essential fleet choices for corporate and government use.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Daimler India, SML & Other OEMs<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    • Daimler India (BharatBenz):<\/strong> Sales declined from 1,516 to 1,228 units<\/strong> amid GST 2.0 transition and growing competition.<\/p><\/li>

    • SML Mahindra (formerly SML Isuzu):<\/strong> Reported 844 units<\/strong>, down from 1,054 YoY<\/strong>, reflecting merger transition effects.<\/p><\/li>

    • Other CV brands:<\/strong> Combined sales grew to 702 units<\/strong>, up from 615 YoY<\/strong>, showing niche-market recovery.<\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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      Key Market Drivers for September 2025<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      • GST 2.0 Transition:<\/strong> Accelerated vehicle deliveries before policy adjustments.<\/span><\/li>
      • Festive Season Demand:<\/strong> Early Diwali and Dussehra purchases lifted retail numbers.<\/span><\/li>
      • Government Infrastructure Push:<\/strong> Projects in highways, logistics, and mining fueled M&HCV sales.<\/span><\/li>
      • Rural Economic Recovery:<\/strong> Strong monsoon and agricultural output revived LCV demand.<\/span><\/li>
      • EV Adoption:<\/strong> OEMs like Tata<\/strong> and Mahindra<\/strong> expanding electric CV offerings.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        Emerging Challenges<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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        • MoM Sales Dip (\u22124.59%)<\/strong> due to inventory realignment.<\/p><\/li>

        • Fuel Price Volatility<\/strong> impacting logistics profitability.<\/p><\/li>

        • Regulatory Uncertainty<\/strong> around emission and EV norms delaying fleet upgrades.<\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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          Outlook: What\u2019s Next for India\u2019s CV Industry<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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          Experts predict steady growth<\/strong> in the CV sector through Q4 2025<\/strong>, supported by:<\/p>

          • Festive sales momentum (Oct\u2013Nov)<\/p><\/li>

          • Fleet renewals and logistics modernization<\/p><\/li>

          • Infrastructure-led demand from construction and mining<\/p><\/li>

          • Gradual EV adoption in light and medium CV segments<\/p><\/li><\/ul>

            By 2026<\/strong>, India\u2019s CV market is expected to surpass 900,000 annual units<\/strong>, driven by economic recovery<\/strong>, EV integration<\/strong>, and green technology advancements<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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            Final Verdict: Growth with Stability<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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            The Indian CV industry<\/strong> closed September 2025 on a positive note, showcasing balanced growth and sectoral resilience<\/strong>.
            While Tata Motors<\/strong> remains the dominant player, Mahindra\u2019s rapid rise<\/strong> and SML acquisition<\/strong> hint at a changing competitive landscape.
            Ashok Leyland\u2019s strength in M&HCVs<\/strong> and VECV\u2019s steady growth<\/strong> ensure the segment remains dynamic and diversified.<\/p>

            With EV adoption<\/strong>, infrastructure investments<\/strong>, and policy clarity<\/strong>, India\u2019s commercial vehicle market is gearing up for a strong 2026<\/strong> \u2014 marked by sustainability, innovation, and competitive growth.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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            FAQs on India CV Retail Sales \u2013 September 2025<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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            \n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\tWhich company sold the most CVs in September 2025?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t
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            Tata Motors<\/strong> led with 23,827 units<\/strong>, followed by Mahindra (21,126)<\/strong> and Ashok Leyland (13,273)<\/strong>.<\/span><\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t

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            \n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\tHow many CVs were sold overall?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t
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            A total of 72,124 commercial vehicles<\/strong> were sold, according to FADA<\/strong>.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t

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            \n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\tWhich brand saw the highest year-on-year growth?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t
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            Mahindra<\/strong>, with a 13.26% YoY increase<\/strong> in sales.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t

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            \n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\tWhat factors drove CV sales in September 2025?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t
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            GST 2.0 transition, festive demand, monsoon boost, and infrastructure spending.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t

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            \n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\tAre electric CVs influencing the market?<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t
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            especially Mahindra<\/strong> and Tata<\/strong>, whose electric LCVs are gaining traction in urban fleets.<\/p><\/span>\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

            Overview: CV Market Performance in September 2025 The Indian Commercial Vehicle (CV) market performed well in September 2025, showing steady […]<\/p>\n","protected":false},"author":1,"featured_media":2398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[419],"tags":[677,676,678],"class_list":["post-2394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-truck-news","tag-force-motors-cv-sales-2025","tag-india-cv-retail-sales-september-2025","tag-small-commercial-vehicles-india"],"_links":{"self":[{"href":"https:\/\/commercialbhp.com\/blogs\/wp-json\/wp\/v2\/posts\/2394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/commercialbhp.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/commercialbhp.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/commercialbhp.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/commercialbhp.com\/blogs\/wp-json\/wp\/v2\/comments?post=2394"}],"version-history":[{"count":10,"href":"https:\/\/commercialbhp.com\/blogs\/wp-json\/wp\/v2\/posts\/2394\/revisions"}],"predecessor-version":[{"id":2585,"href":"https:\/\/commercialbhp.com\/blogs\/wp-json\/wp\/v2\/posts\/2394\/revisions\/2585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/commercialbhp.com\/blogs\/wp-json\/wp\/v2\/media\/2398"}],"wp:attachment":[{"href":"https:\/\/commercialbhp.com\/blogs\/wp-json\/wp\/v2\/media?parent=2394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/commercialbhp.com\/blogs\/wp-json\/wp\/v2\/categories?post=2394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/commercialbhp.com\/blogs\/wp-json\/wp\/v2\/tags?post=2394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}