# SML Mahindra October Sales Edge Up 1% as Passenger Vehicle Volumes Fall 3%

> SML Mahindra sold 1,065 vehicles in October 2026, up 1%, while April-October volumes rose 13% to 10,405 units and October passenger sales fell 3%.

- Published: 2026-11-01T05:15:58+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-01/sml-mahindra-october-sales-passenger-vehicles
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/sml-mahindra-oct-sales-up-1-9m-volume-rises-13-10-405-units/55050742)

## Key takeaways

- SML Mahindra's October 2026 total vehicle sales rose 1% to 1,065 units from 1,059 units a year earlier.
- Cumulative April-October FY27 sales reached 10,405 units, up 13% from 9,204 units in the same period of FY26.
- Passenger vehicle volumes rose 17% year-to-date to 7,339 units but fell 3% in October to 533 units.

SML Mahindra reported total vehicle sales of 1,065 units in October 2026, a 1% increase from the 1,059 units sold in October 2025, according to [ScanX](https://scanx.trade/stock-market-news/companies/sml-mahindra-oct-sales-up-1-9m-volume-rises-13-10-405-units/55050742). Cumulative sales for April to October FY27 reached 10,405 units, up 13% from 9,204 units in the corresponding period of FY26. The company disclosed the figures in a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

## SML Mahindra's Cargo and Passenger Split

Cargo vehicle sales rose 5% in October 2026 to 532 units from 507 units a year earlier, and rose 5% for April-October to 3,066 units from 2,929 units. Passenger vehicle volumes increased 17% year-to-date to 7,339 units from 6,275 units, but October passenger sales fell 3% to 533 units from 552 units. The passenger segment accounted for the bulk of the seven-month growth, while the monthly decline ran against that trend. SML Mahindra builds commercial vehicles, including buses and trucks, and is listed on Indian exchanges.

## SML Mahindra's Sales Record Through 2026

SML Mahindra dispatched 1,124 units in September, up 18% year-on-year, NDTV Profit reported on October 1, 2026. The company's August sales climbed 40% year-on-year to 1,175 units from 842 units, Business Standard reported on September 1, 2026. On September 9, 2026, Autocar Professional reported that SML Mahindra reached a $1 billion market cap, with Mahindra & Mahindra's 58.96% stake valued at more than Rs 5,600 crore.

## Audi, Chery and Aston Martin Results

Audi's third-quarter profit fell by 87%, leaving the Ingolstadt automaker with only a very small gain, [FAZ.NET](https://www.faz.net/aktuell/wirtschaft/unternehmen/audi-gewinn-bricht-drastisch-ein-accg-201635587.html) reported on October 30, 2026. Chery Automobile expects overseas-built vehicles to account for more than half of its exports by year-end, rising to 60% by 2027 and 70% by 2030, [Gasgoo](https://autonews.gasgoo.com/articles/news/chery-targets-70-overseas-production-share-for-exports-by-2030-2116062992596344833) reported on October 30, 2026. Aston Martin reported a £77 million ($102 million) pretax loss for the third quarter, [Autonews](https://www.autonews.com/aston-martin/ane-aston-martin-loss-stroll-1029/) reported on October 29, 2026.

## SML Mahindra's Truck and Bus Division Closing

SML Mahindra's board approved the acquisition of the Truck and Bus Division from Mahindra & Mahindra for ₹525 crore, and the transaction is expected to close on or before January 31, 2027, subject to customary closing conditions, [the company](https://smlmahindra.com) said in its Q2FY27 results.

## Companies in this story

- SML Mahindra · website: https://smlmahindra.com

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