Mumbai, November 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 October 2026 stood at 2838 vehicles, a y-o-y growth of 40%.
Mahindra’s Trucks & Buses business comprises of Mahindra Truck & Bus division (MTBD) and SML Mahindra Limited (SML).
According to Vinod Sahay, Executive Chairman – SML, President – Aerospace, Advanced Technologies, Trucks, Buses & CE, M&M, “October sustained the strong momentum built through Q2, supported by festive season demand, healthy freight movement and continued infrastructure-led activity across key sectors. While rising commodity and input costs warrant close monitoring, the underlying demand drivers, including infrastructure investments, replacement demand and economic activity, provide confidence in the outlook for the months ahead.”
| Trucks & Buses Business (MTBD+SML) - October 2026 | ||||||
|---|---|---|---|---|---|---|
| Category | October | YTD October | ||||
| F27 | F26 | % Change | F27 | F26 | % Change | |
| Cargo Vehicles | 2036 | 1255 | 62% | 10535 | 8139 | 29% |
| Passenger Vehicles | 802 | 779 | 3% | 10108 | 8483 | 19% |
| MTBD + SML Total | 2838 | 2034 | 40% | 20643 | 16622 | 24% |
| Mahindra Trucks & Buses (MTBD) – October 2026 | ||||||
|---|---|---|---|---|---|---|
| Category | October | YTD October | ||||
| F27 | F26 | % Change | F27 | F26 | % Change | |
| Cargo Vehicles | 1504 | 748 | 101% | 7469 | 5210 | 43% |
| Passenger Vehicles | 269 | 227 | 19% | 2769 | 2208 | 25% |
| MTBD Total | 1773 | 975 | 82% | 10238 | 7418 | 38% |
| SML Mahindra Limited (SML) – October 2026 | ||||||
|---|---|---|---|---|---|---|
| Category | October | YTD October | ||||
| F27 | F26 | % Change | F27 | F26 | % Change | |
| Cargo Vehicles | 532 | 507 | 5% | 3066 | 2929 | 5% |
| Passenger Vehicles | 533 | 552 | -3% | 7339 | 6275 | 17% |
| SML Total | 1065 | 1059 | 1% | 10405 | 9204 | 13% |
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]
