SML Mahindra Reports 17% Jump in February Sales to 1,503 Units; YTD Volumes Surge 19% to 14,175 Units

Mumbai, March 1, 2026 – SML Mahindra Limited (BSE: 505192 | NSE: SMLMAH) reported a 17 percent year-on-year rise in total vehicle sales for February 2026 at 1,503 units, compared with 1,288 units in the corresponding month last year, driven by strong growth in both cargo and passenger vehicle segments.
For the April to February period of FY26, the company posted cumulative sales of 14,175 units, marking a 19 percent increase over 11,906 units sold during the same period of the previous financial year.

Monthly Sales Performance: February 2026​

The company’s cargo vehicle segment recorded moderate growth, while passenger vehicles delivered robust double-digit expansion during the month.
Passenger vehicles continued to remain the primary growth driver, contributing over two-thirds of total volumes in February and registering a strong 24 percent year-on-year increase. Cargo vehicle sales rose 4 percent during the month.

Year-to-Date Sales Performance: April–February FY26​

On a cumulative basis, SML Mahindra sustained its growth momentum across segments.
Cargo vehicles led the year-to-date growth trajectory with a sharp 33 percent rise in volumes, significantly outpacing passenger vehicle growth of 13 percent. Total cumulative volumes increased by 2,269 units compared to the same period last year.

Segment-Wise Momentum​

The cargo vehicle business has shown substantial acceleration on a year-to-date basis, indicating improving demand trends in goods transportation and infrastructure-linked mobility. Meanwhile, the passenger vehicle segment has delivered steady and consistent expansion, reinforcing its position as a stable revenue contributor.
The 19 percent cumulative growth reflects balanced performance across both verticals, with passenger vehicles accounting for nearly two-thirds of total April–February volumes.

About the Company​

SML Mahindra Limited, formerly known as SML Isuzu Limited, is a listed commercial vehicle manufacturer engaged in the production of trucks and buses. The company operates manufacturing facilities in Punjab and is listed on both the BSE and NSE. It manufactures cargo and passenger transport vehicles catering to domestic markets.
The company continues to focus on strengthening its product portfolio across the intermediate and light commercial vehicle categories while maintaining a balanced presence in cargo and passenger segments.

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