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SML Mahindra September Sales Surge 32 Percent Despite Sharp Export Decline
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CNBC TV18•08-10-2026, 17:12
SML Mahindra September Sales Surge 32 Percent Despite Sharp Export Decline
- •SML Mahindra commercial vehicle sales rose 31.90 percent year-on-year to 1,071 units in September 2026.
- •Production increased by 19.83 percent to 1,257 units compared to 1,049 units in the previous year.
- •Exports saw a sharp decline of 61.59 percent, dropping to 53 units from 138 units in September 2025.
- •Total sales for the first six months of FY27 grew 15 percent to 9,340 vehicles compared to the same period in FY26.
- •Shares of SML Mahindra closed 3.68 percent lower at 5,871 rupees on October 8.
Key Questions Answered
SML Mahindra's commercial vehicle sales rose 31.90% year-on-year to 1,071 units in September 2026, up from 812 units sold in the same month last year. Production also increased by 19.83% year-on-year, reaching 1,257 units compared to 1,049 units in September 2025.
SML Mahindra experienced a sharp decline in exports during September 2026, dropping 61.59% to 53 units down from 138 units in September 2025.
For the first six months of FY27 (April-September), SML Mahindra sold a total of 9,340 vehicles, which is a 15% increase from 8,145 units in the corresponding period of FY26. During this period, cargo vehicle sales rose 5% to 2,534 units, while passenger vehicle sales increased 19% to 6,806 units.
