Mahindra's Trucks & Buses Business sells 4267 vehicles in March 2026 registering a growth of 13%

Published April 2, 2026 at 2:41 p.m. UTC

Source: MarketScreener

Mumbai : 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 March 2026 stood at 4267 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, 'Despite the headwinds faced from global geopolitical tensions and elevated crude prices, the commercial vehicle industry has sustained its strong momentum, underscoring the sector's resilience. Looking ahead, the trajectory for F27 remains mixed - while replacement demand and government-led projects are expected to support volumes, volatility in fuel costs and supply chain constraints could temper sentiment.'

Trucks & Buses Business (MTBD+SML) - March 2026

Category 	March 	YTD March

F26 	F25 	% Change 	F26 	F25 	% Change

Cargo Vehicles 	1692 	1540 	10% 	15624 	13006 	20%

Passenger Vehicles 	2575 	2238 	15% 	15840 	14302 	11%

MTBD + SML Total 	4267 	3778 	13% 	31464 	27308 	15%

Mahindra Trucks & Buses (MTBD) - March 2026

Category 	March 	YTD March

F26 	F25 	% Change 	F26 	F25 	% Change

Cargo Vehicles 	1086 	946 	15% 	10212 	8791 	16%

Passenger Vehicles 	724 	517 	40% 	4620 	4296 	8%

MTBD Total 	1810 	1463 	24% 	14832 	13087 	13%

SML Mahindra Limited (SML) - March 2026

Category 	March 	YTD March

F26 	F25 	% Change 	F26 	F25 	% Change

Cargo Vehicles 	606 	594 	2% 	5412 	4215 	28%

Passenger Vehicles 	1851 	1721 	8% 	11220 	10006 	12%

SML Total 	2457 	2315 	6% 	16632 	14221 	17%

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]