SML Mahindra shares climbed more than 3% in early trade after the company released its November 2025 sales update, which showed a strong pickup across both cargo and passenger vehicle segments. Investors responded positively as the automaker posted a sharp year-on-year surge in monthly volumes, signalling steady demand recovery and operational momentum.
For November, SML Mahindra reported sales of 1,087 units, up from 539 units in the same month last year. This 102% jump highlights the company’s broad-based improvement, supported by better market sentiment and stronger fleet replacement activity. The cargo vehicle segment recorded 429 units in November compared with 235 units last year, an 83% rise driven by consistent demand from logistics and small-fleet operators. Passenger vehicle sales also maintained a strong trajectory, increasing from 304 units to 658 units, marking a 116% year-on-year expansion.
The company continued to hold its growth course for the financial year as well. Between April and November 2025, SML Mahindra delivered 10,291 vehicles, higher than the 8,967 units sold during the same period of FY24–25. This translates into a 15% increase in year-to-date performance. Cargo vehicle sales stood at 3,358 units against last year’s 2,508 units, showing a solid 34% rise. Passenger vehicle sales reached 6,933 units during the eight-month period, compared with 6,459 units last year, reflecting a stable 7% improvement.
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