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 October 2026 stood at 2838 vehicles, a y-o-y growth of 40%.
Mahindra’s Trucks & Buses business comprises of Mahindra Truck & Bus division (MTBD) and SML Mahindra Limited (SML).
According to Vinod Sahay, Executive Chairman – SML, President – Aerospace, Advanced Technologies, Trucks, Buses & CE, M&M, “October sustained the strong momentum built through Q2, supported by festive season demand, healthy freight movement and continued infrastructure-led activity across key sectors. While rising commodity and input costs warrant close monitoring, the underlying demand drivers, including infrastructure investments, replacement demand and economic activity, provide confidence in the outlook for the months ahead.”
| Trucks & Buses Business (MTBD+SML) – October 2026 | ||||||
| Category | October | YTD October | ||||
| F27 | F26 | % Change | F27 | F26 | % Change | |
| Cargo Vehicles | 2036 | 1255 | 62% | 10535 | 8139 | 29% |
| Passenger Vehicles | 802 | 779 | 3% | 10108 | 8483 | 19% |
| MTBD + SML Total | 2838 | 2034 | 40% | 20643 | 16622 | 24% |
| Mahindra Trucks & Buses (MTBD) – October 2026 | ||||||
| Category | October | YTD October | ||||
| F27 | F26 | % Change | F27 | F26 | % Change | |
| Cargo Vehicles | 1504 | 748 | 101% | 7469 | 5210 | 43% |
| Passenger Vehicles | 269 | 227 | 19% | 2769 | 2208 | 25% |
| MTBD Total | 1773 | 975 | 82% | 10238 | 7418 | 38% |
| SML Mahindra Limited (SML) – October 2026 | ||||||
| Category | October | YTD October | ||||
| F27 | F26 | % Change | F27 | F26 | % Change | |
| Cargo Vehicles | 532 | 507 | 5% | 3066 | 2929 | 5% |
| Passenger Vehicles | 533 | 552 | -3% | 7339 | 6275 | 17% |
| SML Total | 1065 | 1059 | 1% | 10405 | 9204 | 13% |