Mahindra & Mahindra Ltd. (M&M Ltd.) reported sales of 1,701 vehicles in its Trucks and Buses business (CVs above 3.5T) in August 2025, a 9 percent decline compared to 1,875 units sold in August 2024. The figures include exports.
The company’s Trucks & Buses division now includes SML Isuzu Ltd. (SML), following Mahindra’s acquisition of a majority stake in the firm.
In August 2025, Mahindra Trucks & Buses (MTBD) sold 859 units, a 3 percent drop from 885 units in August 2024. Cargo vehicle sales rose 4 percent to 668 units, while passenger vehicle volumes declined 22 percent to 191 units. Year-to-date sales for MTBD stood at 5,489 units, up 5 percent from 5,232 units a year earlier.
SML Isuzu reported sales of 842 units in August 2025, down 15 percent from 990 units in the same month last year. Cargo vehicle sales increased 6 percent to 321 units, but passenger vehicle sales fell 24 percent to 521 units. Year-to-date sales reached 7,195 units, a 9 percent increase over 6,572 units in the corresponding period last year.
At a consolidated level, Mahindra’s Trucks & Buses business (MTBD + SML) sold 1,701 vehicles in August 2025, compared to 1,875 units last year. Cargo vehicles grew 5 percent to 989 units, while passenger vehicles declined 24 percent to 712 units. Year-to-date sales rose 7 percent to 12,684 units against 11,804 units in the same period last year.
