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 November 2025 stood at 2232 vehicles, a y-o-y growth of 57%.
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, 'The CV industry marked a robust recovery in November buoyed by GST cut leading to improved customer sentiment and increased affordability. Mahindra Truck & Bus business clocked a 57% growth compared to the same month last year aided by improvements across all segments. We expect industry to continue its momentum in coming months.'
Trucks & Buses Business (MTBD+SML) - November 2025
Category November YTD November
F26 F25 % Change F26 F25 % Change
Cargo Vehicles 1284 868 48% 9423 8039 17%
Passenger Vehicles 948 552 72% 9431 9048 4%
MTBD + SML Total 2232 1420 57% 18854 17087 10%
Mahindra Trucks & Buses (MTBD) - November 2025
Category November YTD November
F26 F25 % Change F26 F25 % Change
Cargo Vehicles 855 633 35% 6065 5531 10%
Passenger Vehicles 290 248 17% 2498 2589 -4%
MTBD Total 1145 881 30% 8563 8120 5%
SML Mahindra Limited (SML) - November 2025
Category November YTD November
F26 F25 % Change F26 F25 % Change
Cargo Vehicles 429 235 83% 3358 2508 34%
Passenger Vehicles 658 304 116% 6933 6459 7%
SML Total 1087 539 102% 10291 8967 15%
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 - borthakur.nayana@mahindra.com
