Mahindra Records 33,411 Domestic CV Sales in November 2025

Key Highlights

• Domestic CV sales: 33,411 units.

• Growth: 14% YoY.

• LCV 2–3.5T up 20%.

• 3-wheelers up 7%.

• Exports grow 5%.

Mahindra & Mahindra has reported strong commercial vehicle (CV) and 3-wheeler sales in November 2025. The company achieved 14% domestic sales growth, supported by rising demand in the LCV and 3-wheeler segments. Export sales also grew steadily compared to last year.

Also Read: Mahindra Records 44,503 Units in Domestic CV Sales in October 2025: 18% Growth in Domestic CV and 3-Wheeler Sales

Domestic CV & 3-Wheeler Sales – November 2025

Mahindra sold 33,411 units in the domestic market in November 2025, compared to 29,204 units in November 2024. This reflects strong customer demand across cargo and passenger mobility.

Domestic Sales Table

Segment-Wise Highlights

LCV < 2 Tonnes

• Sales grew from 3,098 to 3,255 units

• A 5% increase, driven by rising last-mile delivery demand

LCV 2T – 3.5T

• Sales jumped from 18,063 to 21,588 units

• Strongest segment with 20% growth

• Demand for mid-range cargo carriers remained high

3-Wheelers (Including Electric)

• Sales increased from 8,043 to 8,568 units

• 7% growth due to growing EV adoption in last-mile mobility

Mahindra Export Sales – November 2025

Mahindra exported 2,923 units in November 2025, marking a 5% growth over 2,776 units last year.

Export Sales Table

Overall Market Performance

Mahindra’s CV and 3-wheeler business delivered balanced growth across domestic and export markets:

• 14% rise in domestic CV + 3W sales

• 5% export growth

• Strong traction in the LCV 2–3.5T segment

• Increasing acceptance of electric 3-wheelers

• Overall demand outlook remains positive for cargo and passenger mobility

Note

• Total vehicle sales of 92,670 units include SUVs, LCVs (<3.5T), 3-wheelers & exports.

• UV sales include units from Mahindra Electric Automobile Limited.

• 3-Wheeler sales include Mahindra Last Mile Mobility Limited.

• LCV sales include Bolero Maxx PUP HD 1.9 & HD 2.0.

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

CMV360 Says

Mahindra’s commercial vehicle and 3-wheeler business delivered strong momentum in November 2025, driven by rising demand across cargo and mobility segments. With 14% domestic growth and a steady 5% increase in exports, Mahindra continues to strengthen its market presence. The strong performance in the LCV 2–3.5T segment and the growing acceptance of electric 3-wheelers further highlight the company’s consistent progress and expanding customer trust.