SML Mahindra December Sales Jump 67 Percent YoY; April–December Volumes Up 18 Percent

Chandigarh, January 1, 2026: SML Mahindra Limited (BSE: 505192, NSE: SMLMAH) reported a sharp improvement in vehicle sales for December 2025, with total volumes rising 67 percent year-on-year to 1,044 units, supported by strong demand across both cargo and passenger vehicle segments.

December 2025 Sales Performance​

In December 2025, cargo vehicle sales climbed to 462 units compared with 262 units in the year-ago period, translating into a 76 percent increase. Passenger vehicle volumes rose 60 percent year-on-year to 582 units from 364 units.

April–December FY26 Sales Overview​

For the nine-month period from April to December of the current financial year, total vehicle sales stood at 11,335 units, marking an 18 percent increase over 9,593 units recorded in the corresponding period last year.
Cargo vehicle sales during the period rose 38 percent year-on-year to 3,820 units, while passenger vehicle volumes increased 10 percent to 7,515 units.

Segment Momentum Remains Broad-Based​

The December performance reflects sustained momentum across both key business segments, with cargo vehicles continuing to post faster growth on a lower base, while passenger vehicles maintained steady volume expansion over the nine-month period.

About the Company​

SML Mahindra Limited, formerly SML Isuzu Limited, operates in the trucks and buses segment and is engaged in the manufacture and sale of commercial vehicles in India. The company is listed on both the BSE and the National Stock Exchange of India.