CMV360 Weekly Wrap | 30 March - 4 April 2026: EV Innovation, CV Growth & Record Tractor Sales Drive India’s Mobility Momentum

The final week of FY26 reflects strong momentum across India’s automotive, commercial vehicle, and agricultural machinery sectors. From breakthrough EV innovations like the modular Surge S32 by Hero MotoCorp to consistent sales growth reported by Tata Motors, Mahindra & Mahindra, and Ashok Leyland, the industry continues to gain strength. At the same time, record-breaking tractor sales by Sonalika and Mahindra highlight rising rural demand, while advancements from ZF Group signal a smarter, safer mobility future.

Also Read: CMV360 Weekly Wrap | 23–28 March 2026: EV Expansion, Dealership Growth & Agriculture Reforms Drive Momentum

Hero MotoCorp Surge S32 Receives Approval as First Modular L2-5 Electric Vehicle

Hero MotoCorp’s Surge S32 is India’s first approved modular L2-5 electric vehicle, recognized by Nitin Gadkari. It can switch between a scooter and an auto-rickshaw in three minutes. Developed under HeroHatch, it features dual powertrains, holds 40 patents, and marks a major innovation in flexible, sustainable mobility solutions for India.

ZF Group to Supply ADAS Technology for Indian Electric Buses from 2027

ZF Group will supply ADAS technology for electric buses in India from 2027. Using OnGuardMAX with cameras and radar, it enables emergency braking and safety features. Tested over 450,000 km, it meets GSR 184(E) norms, supporting safer, smarter public transport and improving passenger safety nationwide.

Tata Motors CV Sales March 2026: 47,976 Units Sold; Q4 FY26 Up 25% YoY

Tata Motors reported strong March 2026 CV sales of 47,976 units, up 17% YoY, with domestic demand driving growth. Q4 FY26 sales rose 25% to 1,32,465 units. Key segments like HCV, SCV, and passenger carriers performed well, while EV CV volumes surged 59%, reflecting strong recovery and rising adoption trends.

Mahindra & Mahindra CV and 3-Wheeler Sales Report for March 2026: 35,729 Units Sold, Up 15% YoY

Mahindra & Mahindra reported strong March 2026 domestic CV sales of 35,729 units, up 15% YoY. Growth was driven by LCV 2–3.5T segment (13% rise) and a sharp 39% jump in three-wheelers. Entry-level LCVs remained flat, while exports declined 4%, reflecting weaker global demand despite strong domestic momentum.

Ashok Leyland CV Sales Report March 2026: 22,333 Units Sold with Strong 11% Growth

Ashok Leyland reported March 2026 CV sales of 22,333 units, up 11.43% YoY. Domestic sales grew 12.08% to 21,643 units, led by strong 17% growth in LCVs. While overall exports dipped 5.61%, M&HCV exports surged 142%, highlighting mixed global demand but strong domestic momentum.

Mahindra Last Mile Mobility Leads Indian Electric Commercial Vehicle Market in FY2026

Mahindra Last Mile Mobility Limited remained India’s top electric CV player in FY2026 with 39.7% L5 share. It sold over 1 lakh EVs in FY26, crossing 3.4 lakh total sales. Its vehicles covered 6 billion e-km, cutting emissions significantly. New Mahindra UDO with 200 km range strengthened its growing EV portfolio and market leadership.

Auto LPG Shortage in Bengaluru Causes Long Queues and Protests

A severe auto LPG shortage in Bengaluru has caused long queues and fuel limits, disrupting drivers’ livelihoods. Autorickshaws are capped at ₹200 and cars at ₹500. Protests erupted over supply issues and overpricing, with private outlets charging higher rates. The crisis has spread across Karnataka, impacting daily income and operations.

Escorts Kubota Achieves 1,33,670 Tractor Sales in FY 2025-26, Sees 15.7 Percent Growth

Escorts Kubota sold 1,33,670 tractors in FY26, up 15.7% YoY, driven by strong monsoon and farm demand. Domestic sales grew 14.9% to 1,26,994 units, while exports surged 33.8%. March 2026 sales rose 6.6% to 12,119 units, reflecting steady growth and expanding global presence.

VST Tillers Tractors Reports 32 Percent Sales Growth in FY 2025-26

VST Tillers Tractors Limited sold 56,243 units in FY26, up 32.08% YoY, driven by strong power tiller growth of 34.94% and tractor growth of 11.80%. However, March 2026 sales fell 37.40% YoY. Overall, annual performance remained strong, supported by rising farm mechanisation demand.

Mahindra Achieves Record 5.05 Lakh Domestic Tractor Sales in FY26, Grows 24 Percent

Mahindra & Mahindra reported record FY26 tractor sales with 5,05,930 domestic units, up 24%. Total sales reached 5,26,403 units. In March 2026, domestic sales rose 33% to 43,403 units, while total sales hit 45,035 units. Despite a 31% drop in March exports, yearly exports grew 17%, showing strong overall momentum.

Sonalika Achieves Record 1,80,504 Tractor Sales in FY’26, Sets New Benchmark in Industry

Sonalika achieved its highest-ever sales in FY26 with 1,80,504 tractors, driven by strong domestic and export demand. Growth was fueled by innovation, quality manufacturing, and a farmer-first approach. Rising trust among farmers boosted performance, and the company now aims to expand with advanced technologies and next-generation tractors for future growth.

Also Read: Mahindra Last Mile Mobility Leads Indian Electric Commercial Vehicle Market in FY2026

CMV360 Says

Overall, the week underlines a clear trend—India’s mobility ecosystem is evolving rapidly with a strong balance of innovation, demand, and sustainability. While EV technology and safety systems are shaping the future, robust performance in CV and tractor segments reflects a resilient core market. As FY26 concludes on a high note, the sector is well-positioned for accelerated growth, driven by technology, infrastructure, and rising customer confidence.