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 August 2025 stood at 1701 vehicles, a degrowth of 9%.
Consequent to the acquisition of majority stake in SML Isuzu Ltd. (“SML”), Mahindra’s Trucks & Buses business now comprises of Mahindra Trucks & Buses division and SML.
According to Vinod Sahay, President – Aerospace, Defence, Trucks & Buses, M&M, “The CV industry remained under pressure in August due to the uncertainty surrounding proposed revisions in GST which impacted both dealer & retail sales. In addition, heavy rainfall & flooding in northern parts of the country also had a bearing on the demand. The upcoming festive season should lead to pickup in demand”
Mahindra Trucks & Buses (MTBD) – August 2025
| Category | August | YTD August | ||||
|---|---|---|---|---|---|---|
| F26 | F25 | % Change | F26 | F25 | %Change | |
| Cargo Vehicles | 668 | 641 | 4% | 3720 | 3316 | 12% |
| Passenger Vehicles | 191 | 244 | -22% | 1769 | 1916 | -8% |
| MTBD Total | 859 | 885 | -3% | 5489 | 5232 | 5% |
SML Isuzu Limited (SML) – August 2025
| Category | August | YTD August | ||||
|---|---|---|---|---|---|---|
| F26 | F25 | % Change | F26 | F25 | %Change | |
| Cargo Vehicles | 321 | 303 | 6% | 2052 | 1472 | 39% |
| Passenger Vehicles | 521 | 687 | -24% | 5143 | 5100 | 1% |
| SML Total | 842 | 990 | -15% | 7195 | 6572 | 9% |
Trucks & Buses Business (MTBD+SML) – August 2025
| Category | August | YTD August | ||||
|---|---|---|---|---|---|---|
| F26 | F25 | % Change | F26 | F25 | %Change | |
| Cargo Vehicles | 989 | 944 | 5% | 5772 | 4788 | 21% |
| Passenger Vehicles | 712 | 931 | -24% | 6912 | 7016 | -1% |
| MTBD + SML Total | 1701 | 1875 | -9% | 12684 | 11804 | 7% |
SOURCE: Mahindra
