Chandigarh, February 8, 2026: SML Mahindra Limited (BSE: 505192 | NSE: SMLMAH) reported a strong operational performance for January 2026, with sharp year-on-year growth across production, sales, and exports, reflecting improving demand momentum in the commercial vehicle segment.
Production, Sales and Export Performance
During January 2026, the company recorded a significant increase in commercial vehicle output, supported by higher dispatches and steady export traction.Operational Performance Comparison (January)
| Particulars | Jan 2025 | Jan 2026 | YoY Change |
|---|---|---|---|
| Production (Units) | 1,297 | 1,681 | +29.6% |
| Sales (Units) | 925 | 1,220 | +31.9% |
| Exports (Units) | 100 | 117 | +17.0% |
Business Momentum
The growth in January output and sales indicates better capacity utilisation and improved market traction for SML Mahindra’s trucks and buses portfolio. The rise in exports further highlights stable demand in select international markets alongside domestic recovery.About the Company
SML Mahindra Limited is a listed commercial vehicle manufacturer engaged in the production of trucks and buses, catering to both domestic and export markets. The company operates manufacturing facilities in Punjab and is part of the Mahindra Group, focusing on the intermediate commercial vehicle segment with an emphasis on operational efficiency and product reliability.Source:
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