Mahindra’s Trucks & Buses Business sells 2260 vehicles in December, registering a 43% growth
Auto
Mumbai, January 1, 2026: 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 December 2025 stood at 2,260 vehicles, registering a year-on-year growth of 43%.
Mahindra’s Trucks & Buses business comprises the 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 continued its momentum in December across all segments supported by favourable policy changes and supportive demand drivers. With the industry showing early signs of an upcycle, we expect further acceleration in Q4."
| Trucks & Buses Business (MTBD + SML) – December 2025 | ||||||
|---|---|---|---|---|---|---|
| Category | December | YTD December | ||||
| F26 | F25 | % Change | F26 | F25 | % Change | |
| Cargo Vehicles | 1,346 | 962 | 40% | 10,769 | 9,001 | 20% |
| Passenger Vehicles | 914 | 618 | 48% | 10,345 | 9,666 | 7% |
| MTBD + SML Total | 2,260 | 1,580 | 43% | 21,114 | 18,667 | 13% |
| Mahindra Trucks & Buses (MTBD) – December 2025 | ||||||
|---|---|---|---|---|---|---|
| Category | December | YTD December | ||||
| F26 | F25 | % Change | F26 | F25 | % Change | |
| Cargo Vehicles | 884 | 700 | 26% | 6,949 | 6,231 | 12% |
| Passenger Vehicles | 332 | 254 | 31% | 2,830 | 2,843 | -0.5% |
| MTBD Total | 1,216 | 954 | 27% | 9,779 | 9,074 | 8% |
| SML Mahindra Limited (SML) – December 2025 | ||||||
|---|---|---|---|---|---|---|
| Category | December | YTD December | ||||
| F26 | F25 | % Change | F26 | F25 | % Change | |
| Cargo Vehicles | 462 | 262 | 76% | 3,820 | 2,770 | 38% |
| Passenger Vehicles | 582 | 364 | 60% | 7,515 | 6,823 | 10% |
| SML Total | 1,044 | 626 | 67% | 11,335 | 9,593 | 18% |
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 Sector (Corporate)
Mahindra & Mahindra Limited
Email – [email protected]
Search Assistance
Welcome!
Mahindra Assistant is here to help with your search queries. How can we assist you today?