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Mahindra’s Trucks & Buses Business sells 1904 vehicles in September

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Home Newsroom Press Release Mahindra’s Trucks & Buses Business sells 1904 vehicles in September
Author : mahindraadmin   Category : Auto   Published : 10/1/2025

Mumbai, October 01, 2025: Mahindra & Mahindra Ltd. (M&M Ltd.), today announced that its overall sales including exports in the Trucks and Buses business (CV > 3.5T) for the month of September 2025 stood at 1904 vehicles, a degrowth of 8%.

Consequent to the acquisition of majority stake in SML Isuzu Ltd. (“SML”), Mahindra’s Trucks & Buses business now comprises of Mahindra Trucks & Buses division and SML.

According to Vinod Sahay, Executive Chairman – SML, President – Aerospace, Defence, Trucks, Buses & CE, M&M, “The CV industry is navigating a transition period marked by both opportunities from lower GST and ongoing industry challenges. The month of September was partially impacted by deferment of purchase by customers till introduction of GST 2.0. We have passed the full benefit of GST and expect the demand to gradually ramp up.”

Mahindra Trucks & Buses (MTBD) – September 2025
Category September YTD September
F26 F25 % Change F26 F25 % Change
Cargo Vehicles 742 813 -9% 4462 4129 8%
Passenger Vehicles 212 204 4% 1981 2120 -7%
MTBD Total 954 1017 -6% 6443 6249 3%
SML Isuzu Limited (SML) – September 2025
Category September YTD September
F26 F25 % Change F26 F25 % Change
Cargo Vehicles 370 407 -9% 2422 1879 29%
Passenger Vehicles 580 648 -10% 5723 5748 -0.4%
SML Total 950 1055 -10% 8145 7627 7%
Trucks & Buses Business (MTBD+SML) – September 2025
Category September YTD September
F26 F25 % Change F26 F25 % Change
Cargo Vehicles 1112 1220 -9% 6884 6008 15%
Passenger Vehicles 792 852 -7% 7704 7868 -2%
MTBD + SML Total 1904 2072 -8% 14588 13876 5%

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

Media contact information

Nayana Borthakur
Head – Communications
Automotive & Farm Sector (Corporate)
Mahindra & Mahindra Limited
Email – [email protected]