Infrastructure Push Helps Mahindra Trucks and Buses Grow 40% in January

By Jony Shekhawat | Published Date : February 02, 2026

Strong infrastructure spending, replacement demand, and steady freight movement helped Mahindra commercial vehicles post solid growth in January 2026.

Mahindra commercial vehicles had a strong month in January 2026. The company reported 40% year-on-year growth in sales. Total sales stood at 3,065 units, including exports. This growth came as transport demand improved in many parts of the country.

Market activity was better compared to last year. Freight movement increased and many fleet owners returned to buying new vehicles.

Infrastructure Work Pushes Truck Demand

Table of Contents

1. Infrastructure Work Pushes Truck Demand

2. Mahindra Trucks and SML Mahindra Performance

3. Management Says Market Conditions Are Supportive

4. Competition Level in Truck Segment

5. Steady Signs for Commercial Vehicle Industry

Read More: Montra Electric Achieves PM E-DRIVE Certification, A First for Heavy-Duty Electric Trucks in India

One big reason behind this growth is infrastructure spending. Road projects, construction work and mining activity picked up from the last quarter. Because of this, demand for heavy truck and bus models increased.

Many transporters are also replacing old vehicles. Repair cost is rising, so fleet owners prefer new trucks with better mileage and lower running costs.

Mahindra Trucks and SML Mahindra Performance

Mahindra’s commercial vehicle business includes vehicles above 3.5 tonnes. This includes Mahindra Trucks and Buses and SML Mahindra Limited. Both brands showed improvement in January.

Sales were not limited to only big trucks. Pickup and mini truck models also performed well in rural and semi-urban markets where daily transport work is growing.

Management Says Market Conditions Are Supportive

Vinod Sahay, Executive Chairman of SML Mahindra, said market conditions are helping the industry. Vinod Sahay said that rural activity, infrastructure projects and replacement demand are getting stronger since the previous quarter and add a positive look on FY2026. These government investments and fleet modernization plans will support the increasing demand of truck and buses in the future.

Competition Level in Truck Segment

Competition in the truck market remains tough. Big players like Tata truck, Ashok Leyland truck, Volvo truck and Force trucks are all active. Tata mini trucks are the most suitable vehicle options for last-mile delivery.

At the same time, interest in electric truck options is slowly rising, mainly for city transport. Volumes are small, but fleet owners are watching fuel cost closely.

Steady Signs for Commercial Vehicle Industry

Mahindra and Mahindra was established in 1945 and is active in various types of commercial vehicle manufacturing. Overall, the commercial vehicle sector is showing steady improvement. Logistics demand is increasing and old fleets are being replaced. This is helping truck and bus manufacturers.

Also Read: JBM Auto Reports Strong Q3FY26 Performance Led by Electric Buses

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Frequently Asked Questions on Commercial Vehicles

Q1. How did Mahindra commercial vehicles perform in January 2026?

Ans. Mahindra commercial vehicles recorded 40% year-on-year growth in January 2026, with total sales of 3,065 units including exports, showing strong market recovery.

Q2. What factors supported Mahindra’s truck and bus sales growth?

Ans. Higher infrastructure spending, replacement of old fleets, steady freight movement, and improving rural activity helped boost demand for Mahindra trucks and buses.

Q3. Which segments are covered under Mahindra commercial vehicles?

Ans. Mahindra commercial vehicles include trucks and buses above 3.5 tonnes under Mahindra Trucks and Buses and SML Mahindra Limited, covering haulage, tipper, and passenger bus segments.

Q4. What is the outlook for Mahindra commercial vehicles in FY2026?

Ans. The outlook for FY2026 remains positive, supported by government investment, fleet modernization plans, and continued demand for transport and logistics services.

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