365telugu.com online news,Mumbai, November 3rd, 2025: Mahindra & Mahindra Ltd. reported a 14% year-on-year (YoY) increase in commercial vehicle sales (CV > 3.5T) for October 2025, selling 2,034 trucks and buses (including exports) across its Mahindra Trucks & Buses Division (MTBD) and SML Mahindra Limited.
The growth was driven by strong demand in Intermediate Light Commercial Vehicles (ILCVs) and passenger buses, despite ongoing headwinds in the Heavy Commercial Vehicle (HCV) segment.
Key Highlights (October 2025):
- Cargo Vehicles: 1,255 units (+8% YoY)
- Passenger Vehicles: 779 units (+24% YoY)
- MTBD: 975 units (-2% YoY)
- SML Mahindra: 1,059 units (+32% YoY)
YTD October 2025 (FY26 vs FY25):
| Category | FY26 | FY25 | % Change |
|---|---|---|---|
| Total (MTBD + SML) | 16,622 | 15,667 | +6% |
| MTBD | 7,418 | 7,239 | +2% |
| SML | 9,204 | 8,428 | +9% |
Vinod Sahay, Executive Chairman – SML and President – Aerospace, Defence, Trucks, Buses & CE, M&M, said: “October saw modest CV industry recovery, aided by lower GST and festive demand. We achieved 14% growth led by ILCV trucks and buses, while the HCV segment remains under pressure due to persistent market challenges.”