Mahindra’s Trucks & Buses Business sells 2232 vehicles in November, registering a 57% growth
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Mumbai, December 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 November 2025 stood at 2232 vehicles, a y-o-y growth of 57%.
Mahindra’s Trucks & Buses business comprises of Mahindra Trucks & Buses division (MTBD) and SML Mahindra Limited (SML).
According to Vinod Sahay, Executive Chairman – SML, President – Aerospace, Defence, Trucks, Buses & CE, M&M, “The CV industry marked a robust recovery in November buoyed by GST cut leading to improved customer sentiment and increased affordability. Mahindra Truck & Bus business clocked a 57% growth compared to the same month last year aided by improvements across all segments. We expect industry to continue its momentum in coming months.”
| Trucks & Buses Business (MTBD+SML) – November 2025 | ||||||
|---|---|---|---|---|---|---|
| Category | November | YTD November | ||||
| F26 | F25 | % Change | F26 | F25 | % Change | |
| Cargo Vehicles | 1284 | 868 | 48% | 9423 | 8039 | 17% |
| Passenger Vehicles | 948 | 552 | 72% | 9431 | 9048 | 4% |
| MTBD + SML Total | 2232 | 1420 | 57% | 18854 | 17087 | 10% |
| Mahindra Trucks & Buses (MTBD) – November 2025 | ||||||
|---|---|---|---|---|---|---|
| Category | November | YTD November | ||||
| F26 | F25 | % Change | F26 | F25 | % Change | |
| Cargo Vehicles | 855 | 633 | 35% | 6065 | 5531 | 10% |
| Passenger Vehicles | 290 | 248 | 17% | 2498 | 2589 | -4% |
| MTBD Total | 1145 | 881 | 30% | 8563 | 8120 | 5% |
| SML Mahindra Limited (SML) – November 2025 | ||||||
|---|---|---|---|---|---|---|
| Category | November | YTD November | ||||
| F26 | F25 | % Change | F26 | F25 | % Change | |
| Cargo Vehicles | 429 | 235 | 83% | 3358 | 2508 | 34% |
| Passenger Vehicles | 658 | 304 | 116% | 6933 | 6459 | 7% |
| SML Total | 1087 | 539 | 102% | 10291 | 8967 | 15% |
About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 3,24,000 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/newsroom
Media contact information
Nayana Borthakur
Head - Communications
Automotive & Farm Equipment Sector
Mahindra & Mahindra Limited
Email – [email protected]
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