Staff Writer
Mumbai: Mahindra & Mahindra Ltd on Wednesday announced strong sales performance for its Trucks and Buses business, reporting a 15% year-on-year growth in volumes for FY26. The combined Trucks & Buses business, comprising Mahindra Trucks & Buses Division (MTBD) and SML Mahindra Limited (SML), sold 31,464 vehicles in FY26, up from 27,308 units in FY25.<\/p>\n\n\n\n
For the month of March 2026, the business recorded 4,267 units sold, a 13% increase from 3,778 vehicles in March 2025, despite headwinds from global geopolitical tensions and elevated crude prices. Cargo vehicle sales for FY26 reached 15,624 units, up 20% from the previous year, while passenger vehicles grew 11% to 15,840 units, reflecting robust demand across segments.<\/p>\n\n\n\n
Breaking down performance, Mahindra Trucks & Buses Division delivered 14,832 vehicles in FY26, registering a 13% increase, with cargo vehicles rising 16% to 10,212 units and passenger vehicles up 8% at 4,620 units. SML Mahindra Limited contributed 16,632 units, up 17% from FY25, including 5,412 cargo vehicles, a 28% jump, and 11,220 passenger vehicles, up 12%.<\/p>\n\n\n\n
Vinod Sahay, Executive Chairman \u2013 SML and President \u2013 Aerospace, Defence, Trucks, Buses & CE, M&M, said, \u201cDespite macroeconomic and geopolitical challenges, the commercial vehicle sector has demonstrated resilience. While replacement demand and government-led projects are expected to support volumes in FY27, volatility in fuel costs and supply chain constraints could temper sentiment.\u201d<\/p>\n\n\n\n
The company said the FY26 performance underscores the strength of its portfolio across cargo and passenger vehicles and positions Mahindra Trucks & Buses well to capture emerging market opportunities in the commercial vehicle segment.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Staff WriterMumbai: Mahindra & Mahindra Ltd on Wednesday announced strong sales performance for its Trucks and Buses business, reporting a 15% year-on-year growth in volumes for FY26. The combined Trucks & Buses business, comprising Mahindra Trucks & Buses Division (MTBD) and SML Mahindra Limited (SML), sold 31,464 vehicles in FY26, up from 27,308 units in […]<\/p>\n","protected":false},"author":1,"featured_media":3718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[104,116,1],"tags":[],"class_list":{"0":"post-4025","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cv-commercial-vehicles","8":"category-financial-results","9":"category-news"},"_links":{"self":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts\/4025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/comments?post=4025"}],"version-history":[{"count":2,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts\/4025\/revisions"}],"predecessor-version":[{"id":4032,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/posts\/4025\/revisions\/4032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/media\/3718"}],"wp:attachment":[{"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/media?parent=4025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/categories?post=4025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/automobilitymag.com\/index.php\/wp-json\/wp\/v2\/tags?post=4025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}