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VECV sold 6,911 commercial vehicles in July 2026, up 21.4%. Eicher domestic sales surged while Volvo Trucks posted double-digit growth despite a slight decline in exports.
Mahindra sold 39,742 commercial vehicles and three-wheelers in July 2026, up 33% YoY. Exports rose 47%, while all domestic segments recorded healthy year-on-year growth.
Mahindra sold 34,420 tractors in July 2026, up 20% year-on-year. Domestic sales grew 21%, supported by better monsoon, kharif sowing, government support, and improving farmer sentiment.
Escorts Kubota sold 8,731 tractors in July 2026, up 22% YoY. Strong domestic demand, improved monsoon and faster Kharif sowing supported growth despite weaker cumulative exports.
CMV360 Weekly Wrap covers top updates from EVs, trucks, tractors, construction equipment, farmer schemes, subsidies, crop insurance, fertilizer availability, corporate announcements, and key industry developments from 27 July-01 August 2026.
CASE India will expand Pithampur plant capacity beyond 10,000 units, localize new equipment, grow exports and target doubling India construction equipment revenue by 2030 despite CNH's partnership review.
Bihar approves ₹236.58 crore SMAM scheme offering up to 80% subsidy on 86 farm implements, Custom Hiring Centers, Equipment Banks, drone services, and mechanization support for farmers.
UP releases division-wise fertilizer stock for Kharif 2026. Check Urea, DAP and NPK availability, current state stocks, distribution figures and government advisory for farmers.
Mahindra's farm business profit grew 15% in Q1 FY27 as tractor sales rose 18%. Higher commodity costs narrowed margins, while the company maintained its 5% annual growth outlook.
Switch Mobility will supply 650 electric buses for Mumbai and Pune under the PM E-Drive scheme, expanding electric public transport with AC and Non-AC buses in Maharashtra.
Mahindra & Mahindra promotes Parikshit Ghosh to Senior Vice President & Head of Marketing and National Business Operations, recognizing his 26 years of leadership in tractors, farm machinery, and business growth.
CASE India appoints Sachin Tare as Director of Manufacturing at its Pithampur plant to improve efficiency, quality, productivity, and support domestic demand and exports to over 100 countries.
Force Motors reported Rs 216.59 crore Q1 FY27 net profit, up 22.8%, with 6.2% revenue growth, higher income, improved profitability, and Veera Tanneries becoming its wholly owned subsidiary.
Centre approves ₹335 crore under PM-RKVY to promote modern farming, agricultural infrastructure, horticulture, mechanization, and faster delivery of benefits to farmers across India.
SML Mahindra will acquire Mahindra Truck & Bus Division for Rs 525 crore, creating a unified commercial vehicle platform with wider product coverage, better efficiency and stronger market presence.
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