Mahindra Records 37,222 Domestic CV & 3-Wheeler Sales in January 2026, Reports 23% Growth

Key Highlights

• 37,222 domestic CV & 3W units sold in January 2026.

• Overall domestic sales grew by 23% YoY.

• LCV 2T–3.5T segment led volumes with 23,647 units.

• 3-wheeler sales rose sharply by 28%.

• Export sales increased by 5% to 3,577 units.

Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automobile manufacturers, has reported strong performance in its commercial vehicle (CV) and three-wheeler (3W) segments for January 2026. The company registered healthy year-on-year growth in domestic sales, supported by steady demand across light commercial vehicles and rising adoption of three-wheelers, including electric models.

Also Read: Mahindra Reports 32,324 Domestic CV & 3-Wheeler Sales in December 2025, Up 33%

Strong Domestic CV and 3-Wheeler Sales in January 2026

In January 2026, Mahindra sold a total of 37,222 commercial vehicles and three-wheelers in the domestic market, marking a 23% growth compared to 30,202 units sold in January 2025. The growth reflects improving demand in cargo movement, last-mile delivery, and passenger mobility across urban and semi-urban regions.

Mahindra Domestic CV & 3-Wheeler Sales – January 2026

Segment-wise Performance Highlights

The LCV under 2-tonne segment recorded sales of 4,009 units, registering a 13% increase over last year. This category continued to benefit from consistent demand in last-mile delivery and small cargo operations.

The LCV 2T–3.5T segment remained the largest contributor to volumes, with 23,647 units sold, showing a 23% year-on-year growth. Demand for higher payload vehicles and efficient cargo transport solutions supported sales in this segment.

The three-wheeler segment, including electric three-wheelers, delivered the strongest growth of 28%, with 9,566 units sold in January 2026. Increased use of three-wheelers for passenger transport and urban cargo movement, along with rising electric adoption, played a key role in this growth.

Mahindra Export Sales Performance – January 2026

Mahindra’s commercial vehicle export performance also showed improvement during the month. The company exported 3,577 units in January 2026, compared to 3,404 units in January 2025, registering a 5% year-on-year growth.

Mahindra CV Export Sales – January 2026

The export growth indicates a gradual recovery in select international markets.

Overall Sales Outlook

Mahindra’s January 2026 sales performance highlights strong domestic momentum in the commercial vehicle and three-wheeler space. With 23% growth in domestic CV and 3W sales and a 5% rise in exports, the company continues to strengthen its presence in both cargo and passenger mobility segments.

Note:

• Total vehicle sales of 104,309 units include SUVs, LCVs (<3.5T), three-wheelers, and export volumes.

• UV sales include volumes from subsidiary Mahindra Electric Automobile Limited.

• Sales figures include volumes from Mahindra Last Mile Mobility Limited.

• Sales data also includes Bolero Maxx PUP HD 1.9 and HD 2.0 models.

Also Read: From Local to Global: India’s Auto Component and Aftermarket Industry Accelerates at ACMA Automechanika New Delhi 2026

CMV360 Says

Mahindra & Mahindra delivered a strong performance in January 2026, driven by steady domestic demand for light commercial vehicles and three-wheelers. With 23% growth in domestic CV and 3W sales and improved export numbers, the company showed resilience across cargo and mobility segments. Rising acceptance of electric three-wheelers and higher payload LCVs further supported Mahindra’s positive sales momentum.