Mahindra’s Trucks & Buses Business sells 3018 vehicles in February
Auto
Mumbai, March 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 February 2026 stood at 3018 vehicles, a y-o-y growth of 13%.
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,, ““Commercial vehicle industry continues to show strong momentum since last quarter reinforcing confidence in the sector’s trajectory. Looking ahead the outlook remains robust, underpinned by ongoing government investments, accelerated fleet modernization, and steady freight movement. At the same time, we remain attentive to emerging challenges, including geopolitical developments, and other external factors”
| Trucks & Buses Business (MTBD+SML) – February 2026 | ||||||
|---|---|---|---|---|---|---|
| Category | February | YTD February | ||||
| F26 | F25 | % Change | F26 | F25 | % Change | |
| Cargo Vehicles | 1521 | 1364 | 12% | 13932 | 11466 | 22% |
| Passenger Vehicles | 1497 | 1307 | 15% | 13265 | 12064 | 10% |
| MTBD + SML Total | 3018 | 2671 | 13% | 27197 | 23530 | 16% |
| Mahindra Trucks & Buses (MTBD) – February 2026 | ||||||
|---|---|---|---|---|---|---|
| Category | February | YTD February | ||||
| F26 | F25 | % Change | F26 | F25 | % Change | |
| Cargo Vehicles | 1035 | 896 | 16% | 9126 | 7845 | 16% |
| Passenger Vehicles | 480 | 487 | -1% | 3896 | 3779 | 3% |
| MTBD Total | 1515 | 1383 | 10% | 13022 | 11624 | 12% |
| SML Mahindra Limited (SML) – February 2026 | ||||||
|---|---|---|---|---|---|---|
| Category | February | YTD February | ||||
| F26 | F25 | % Change | F26 | F25 | % Change | |
| Cargo Vehicles | 486 | 468 | 4% | 4806 | 3621 | 33% |
| Passenger Vehicles | 1017 | 820 | 24% | 9369 | 8285 | 13% |
| SML Total | 1503 | 1288 | 17% | 14175 | 11906 | 19% |
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]
