CMV360 Weekly Wrap-Up | 1st–6th Dec 2025: VinFast EV Buses, Mahindra & Sonalika Tractor Records, Moonrider Funding, CV Sales Surge & EV 3-Wheeler Boom

The week of 1st–6th December 2025 delivered major breakthroughs across India’s EV, commercial vehicle, and tractor industries, setting a powerful tone for the month. VinFast confirmed that its electric buses will hit Indian roads by August 2026, while discussions with five states move the project toward early orders. Commercial vehicle giants including Mahindra (33,411 units), Tata Motors (35,539 units), Ashok Leyland (15,543 units), and VECV (6,593 units) reported strong November 2025 sales backed by booming logistics, construction, and last-mile mobility demand.

The electric mobility segment saw exceptional momentum with rising electric bus sales (369 units in Nov 2025) and sharp growth in electric 3-wheeler goods and passenger segments, led by Mahindra, Bajaj, Atul, YC Electric, and Zeniak Innovation. Meanwhile, the tractor market witnessed historic performance as Mahindra (42,273 units), Sonalika (1,26,162 YTD), Escorts Kubota (10,580 units) and VST (5,166 units) posted record-breaking growth driven by strong farmer sentiment.

With a fresh $6 million funding boost for Moonrider.ai, the launch of the Solis JP 975 tractor, and the government releasing ₹1,634.62 crore under the PM E-DRIVE Scheme, this week showcased India’s rapid shift toward cleaner mobility, smarter agriculture, and high-growth commercial transportation.

VinFast to Launch Electric Buses in India by August 2026: Talks Begin With Multiple States

VinFast will launch its electric buses in India by August 2026 as part of its $2 billion India plan. The company is in talks with five states to secure early orders. The buses offer a 260 km range with a 281 kWh battery. Supported by schemes like PM E-Drive, VinFast aims to boost clean public transport while expanding its EV portfolio, including two-wheelers and a ride-hailing service in 2026.

Mahindra Records 33,411 Domestic CV Sales in November 2025

Mahindra reported strong CV and 3-wheeler performance in November 2025, with domestic sales rising 14% to 33,411 units. Growth was led by a 20% surge in the LCV 2–3.5T segment and a 7% rise in 3-wheelers. Exports also increased by 5%. Demand for cargo carriers, last-mile delivery vehicles, and electric 3-wheelers continued to boost overall sales momentum.

Ashok Leyland Reports 15,543 CV Sales in November 2025, Records 28% YoY Growth

Ashok Leyland reported 15,543 total CV sales in November 2025, marking a 28% YoY increase. Domestic sales rose 33% to 14,829 units, driven by strong demand in both M&HCV and LCV segments. However, exports fell 24% due to weaker overseas markets. Despite this decline, overall growth remained strong, supported by rising demand from logistics, construction, and e-commerce sectors.

Tata Motors Records 35,539 Commercial Vehicle Sales in November 2025

Tata Motors posted strong CV sales in November 2025 with 35,539 units, up 29% YoY. Domestic sales rose 25% to 32,753 units, driven by solid growth in HCV, ILMCV, SCV, and passenger carriers. Exports surged 92%, boosting overall performance. Strong demand from logistics, infrastructure, and last-mile mobility supported growth, helping Tata Motors strengthen its position in both domestic and global CV markets.

VE Commercial Vehicles Records 6,593 Units Sold, Sales Grown by 48.6% in November 2025

VECV posted strong growth in November 2025 with 6,593 total sales, up 46.5% YoY. Eicher CV sales rose to 6,366 units, driven by a 47.3% increase in domestic demand and 65.8% growth in exports. Heavy-duty exports surged 781.8%, highlighting strong global traction. Volvo Trucks added steady support with 5.6% growth. Balanced demand across all segments strengthened VECV’s overall momentum.

Force Motors Shocks Industry with 59% Sales Growth - Here’s What Drove It

Force Motors reported strong performance in November 2025 with 2,765 domestic sales, up 59% YoY, and total wholesales of 2,883 units. Growth was driven by high demand for the Urbania and Trax platforms, boosted by GST benefits for rural mobility. Traveller and Monobus continued steady institutional demand. Exports fell 21% due to shipment timing. Despite this, Force Motors maintains solid FY2025 momentum with a 23% YTD domestic growth.

OEM Wise Electric Bus Sales Report for November 2025

India’s electric bus market grew strongly in November 2025 with 369 units sold, up 27% from October. Pinnacle Mobility led with 126 units and a 34.1% share, followed by Olectra (90 units) and PMI (73 units). Switch Mobility posted sharp growth with 54 units, while JBM Auto and others saw lower numbers. The rise reflects strong state transport demand, faster fleet electrification, and expanding urban mobility needs.

Electric Three-Wheeler Goods Sales Report (November 2025): Mahindra, Bajaj, and Atul Lead the Market

India’s electric goods three-wheeler market saw strong activity in November 2025, led by Mahindra with 604 units. Bajaj Auto grew 17.4% MoM, while Atul Auto posted the highest jump at 109.8%. Piaggio also saw an 87.7% rise. Omega Seiki recorded the steepest fall with a 62.7% MoM decline. Overall trends show rising competition and growing adoption of electric cargo vehicles across urban and semi-urban markets.

Electric Three-Wheeler Passenger Sales Report (November 2025): Mahindra, Bajaj, and TVS Lead the Market

India’s electric passenger three-wheeler market showed steady momentum in November 2025. Mahindra led with 9,241 units, followed by Bajaj with strong 8.7% MoM growth. TVS Motor remained stable at 2,815 units, while Ti Clean Mobility posted small positive growth. Omega Seiki recorded the highest MoM surge at 182.1%. Despite mixed performance across brands, overall market activity stayed strong, supported by rising EV adoption and growing urban mobility needs.

Electric Three-Wheeler Sales Report – November 2025: YC Electric, Zeniak Innovation & J.S. Auto Lead the Market

India’s electric three-wheeler market saw mixed but strong activity in November 2025. YC Electric led both e-rickshaw and e-cart sales, while Zeniak Innovation posted the fastest e-rickshaw growth. J.S. Auto topped e-cart sales with big gains. Saera and Dilli Electric showed mixed performance, and Energy Electric delivered steady growth across both segments. Overall, rising competition and growing demand helped strengthen India’s EV mobility landscape.

Government Shares Big Update on PM E-DRIVE Scheme: Subsidy Released, Scheme Extended, More E-Buses for Cities

The government has released ₹1,634.62 crore under the PM E-DRIVE Scheme, which is now extended till March 2028. ₹500 crore is allocated for e-ambulances and ₹2,000 crore reserved for public charging infrastructure. Over 5,300 e-buses have been approved for Mumbai, Delhi, and Pune. While charging grants are yet to be released, upcoming proposals indicate progress. These steps highlight India’s strong push toward cleaner and more efficient electric mobility.

TVS Motor Hits New Record: Sells 18,000+ Electric 3-Wheelers in 11 Months

TVS Motor achieved record November 2025 sales with 2,871 electric three-wheelers, totaling 18,116 units in 11 months and securing a 2.55% market share. The King EV Max offers a 179 km range, while the King Kargo HD EV features a 6.6-feet loading deck. Strong product offerings, growing demand in passenger and cargo EV segments, and expanding market presence position TVS for higher rankings amid stiff competition from Mahindra, Bajaj, and emerging startups.

Escorts Kubota Achieves 10,580 Tractor Sales in November 2025, Records 17.9% Growth

Escorts Kubota reported strong tractor sales in November 2025, selling 10,580 units—a 17.9% rise YoY—with domestic sales at 10,122 units and exports surging 87.7% to 458 units. From April to November 2025, total sales reached 93,836 units, up 12.4% YoY, driven by robust demand in India and growing international markets. The performance highlights rising farmer confidence and increasing adoption of modern agricultural machinery.

Mahindra Farm Equipment Achieves Strong 33% Growth with 42,273 Tractor Sales in November 2025

Mahindra Farm Equipment reported robust November 2025 tractor sales, with 42,273 units domestically (+33% YoY) and 1,775 units exported (+9%), totaling 44,048 units (+32%). Year-to-date sales reached 3.74 lakh units, up 19% YoY. Strong farmer sentiment, record crop production, higher MSP, and GST reductions boosted demand. Steady domestic and export growth reinforces Mahindra’s leadership in the tractor market, with positive outlook for the upcoming season.

VST Reports Strong Sales Growth in November 2025 with 5,166 Units Sold

VST Tillers Tractors Ltd recorded strong sales in November 2025, selling 5,166 units, up 129.5% YoY. Power tillers led with 4,676 units (+145.6%), while tractors reached 490 units (+41.2%). Year-to-date sales from April–November 2025 crossed 37,235 units, growing 51.1%, driven mainly by power tillers. Steady tractor performance and rising demand reflect strong farmer trust and growing adoption of affordable mechanization solutions across India.

Solis Launches New Solis JP 975 Tractor in 48–50 HP Segment: A Powerful and Modern Choice for Farmers

Solis Tractors launched the new Solis JP 975, a powerful 48–50 HP tractor designed for modern farming and commercial use. It features advanced hydraulics, fuel-efficient technology, seven-stage cooling, and a smart shuttle for smooth operations. The loader/dozer-ready ladder chassis, ergonomic operator area, and durable build ensure versatility and comfort. With enhanced safety, performance, and efficiency, the JP 975 supports tough field tasks while reducing operational stress for farmers.

Moonrider.ai Secures $6 Million in Funding to Accelerate Electric Tractor Growth

Moonrider.ai raised $6 million, led by pi Ventures, to expand its certified electric tractors in India. The 27 HP tractor offers diesel-like performance with a 70% lower running cost, saving farmers around ₹2 lakh annually. Featuring an immersion-cooled battery, in-house BMS, and high-voltage drivetrain, it’s already in pilot projects with industry partners. The funding will accelerate production and nationwide deployment, making electric farming more efficient and affordable.

Sonalika Tractors Creates History With Record 1,26,162 YTD Sales in 2025

Sonalika Tractors achieved a record 1,26,162 YTD sales from April to November 2025, reflecting strong farmer trust in modern, powerful tractors. Rising demand for advanced and precision farming tools, along with supportive government policies like GST reductions and higher MSP, has boosted mechanisation. This milestone strengthens Sonalika’s position in India and global markets, highlighting the country’s shift toward smarter, more efficient agriculture and its growing role as an agri powerhouse.

Mahindra Expands 4WD Tractor Range to Meet India’s Rising Farm and Haulage Demand

Mahindra Tractors is ramping up 4WD tractor production in India to meet rising demand from states like Punjab, Gujarat, MP, and Telangana. Its wide 20–70 HP range across Arjun, OJA, Jivo, Novo, and YuvoTech+ series offers strong traction, fuel efficiency, and 2–3 ton haulage capacity. With advanced features, ergonomic design, and 24/7 service support through a nationwide dealer network, Mahindra strengthens its position as a trusted brand for modern farming.

Also Read: CMV360 Weekly Wrap-Up | 24th–29th Nov 2025: Ashok Leyland’s 360 HP Trucks, Bajaj Riki Expansion, Mahindra & Sonalika’s Clean-Fuel Tractors, BatteryPool Funding Boost & Big EV–Agri Breakthroughs

CMV360 Says

The week of 1st–6th December 2025 clearly highlighted how fast India’s mobility and agri-tech sectors are evolving. With VinFast preparing for a major EV bus entry, top CV makers reporting powerful November sales, and the electric 3-wheeler market expanding at record speed, the momentum across segments remains stronger than ever. Tractor leaders like Mahindra, Sonalika, Escorts Kubota, VST, and Solis further reinforced India’s shift toward modern, high-performance farming solutions. Government support through PM E-DRIVE and fresh startup funding added even more fuel to the sector’s growth. As we move deeper into December, India’s path toward cleaner mobility, smarter agriculture, and future-ready transportation looks more exciting and unstoppable than ever.