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Updated On: 01-Dec-2025 11:12 AM
Mahindra reports 14% CV sales growth in November 2025 with strong LCV and 3-wheeler demand and steady export rise. Domestic sales reach 33,411 units.
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.
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.
Category | F26 (Nov 2025) | F25 (Nov 2024) | % Change |
LCV < 2T | 3,255 | 3,098 | 5% |
LCV 2T – 3.5T | 21,588 | 18,063 | 20% |
3-Wheelers (incl. E-3W) | 8,568 | 8,043 | 7% |
Total Domestic | 33,411 | 29,204 | 14% |
Sales grew from 3,098 to 3,255 units
A 5% increase, driven by rising last-mile delivery demand
Sales jumped from 18,063 to 21,588 units
Strongest segment with 20% growth
Demand for mid-range cargo carriers remained high
Sales increased from 8,043 to 8,568 units
7% growth due to growing EV adoption in last-mile mobility
Mahindra exported 2,923 units in November 2025, marking a 5% growth over 2,776 units last year.
Category | F26 (Nov 2025) | F25 (Nov 2024) | % Change |
Exports | 2,923 | 2,776 | 5% |
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
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
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.