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Live2026-08-22 13:04 UTC+13 todayUpdated
Mahindra & MahindraBy Business

Mahindra Trucks & Buses sales rise 13% to 3,018 vehicles in February

Mahindra's Trucks & Buses business sold 3,018 vehicles in February 2026, up 13% year-over-year, as both cargo and passenger vehicle sales grew.

February 2026 sales
3,018 vehicles
Year-over-year growth
13%
Year-to-date sales through February
27,197 vehicles
Year-to-date growth
16%

What Happened

Mahindra & Mahindra's Trucks and Buses business sold 3,018 vehicles in February 2026, including exports, a 13% year-over-year increase from 2,671 vehicles in the same month last year. The business covers commercial vehicles over 3.5 tonnes and comprises Mahindra Trucks & Buses division (MTBD) and SML Mahindra Limited (SML). Both cargo and passenger vehicle categories grew during the month, contributing to a 16% rise in year-to-date sales through February.

Trucks & Buses Business (MTBD + SML) – February 2026 vs. Year-to-Date
Cargo Vehicles
February: 1,521 vs 1,364 (+12%) | YTD: 13,932 vs 11,466 (+22%)
Passenger Vehicles
February: 1,497 vs 1,307 (+15%) | YTD: 13,265 vs 12,064 (+10%)
Total
February: 3,018 vs 2,671 (+13%) | YTD: 27,197 vs 23,530 (+16%)
Mahindra Trucks & Buses (MTBD) – February 2026 vs. Year-to-Date
Cargo Vehicles
February: 1,035 vs 896 (+16%) | YTD: 9,126 vs 7,845 (+16%)
Passenger Vehicles
February: 480 vs 487 (-1%) | YTD: 3,896 vs 3,779 (+3%)
Total
February: 1,515 vs 1,383 (+10%) | YTD: 13,022 vs 11,624 (+12%)
SML Mahindra Limited (SML) – February 2026 vs. Year-to-Date
Cargo Vehicles
February: 486 vs 468 (+4%) | YTD: 4,806 vs 3,621 (+33%)
Passenger Vehicles
February: 1,017 vs 820 (+24%) | YTD: 9,369 vs 8,285 (+13%)
Total
February: 1,503 vs 1,288 (+17%) | YTD: 14,175 vs 11,906 (+19%)
“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”
— Vinod Sahay, Executive Chairman – SML, President – Aerospace, Defence, Trucks, Buses & CE, M&M

Why this matters

The sales growth signals continued recovery in India's commercial vehicle market, which Mahindra links to government investment, fleet modernization and steady freight movement. Trucks and buses reflect broader economic activity, so the rise matters for fleet operators, dealers, suppliers and those who rely on road transport across the country.

Terms in This Story

y-o-y
Year-over-year; the comparison of a figure with the same period one year earlier.
CV > 3.5T
Commercial vehicles with a gross vehicle weight over 3.5 tonnes, including trucks and buses.
F26/F25
Fiscal year references; F26 corresponds to the financial year ending March 2026, F25 to the year ending March 2025.
Read Original: Mahindra & Mahindra

Summarised from the linked release; details can be imperfect — always verify against the original source.

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