SML Mahindra
SML Mahindra was the first automaker to report its December sales numbers, ahead of market open.
Its total sales increased to 1,044 units in December from 626 units in the year-ago period.Of this, its cargo vehicle sales witnessed a 76% increase to 462 units from 262 units last year, and passenger vehicle sales increased 60% to 582 vehicles from 364 vehicles in the previous year.
VAHAN data and new launches in January
Meanwhile, the VAHAN registration data for December last week, pointed to another month of broad-based strength across segments.
Registrations from December 1 to 28, 2028 increased 9% from the previous year, led by strong performance in passenger and commercial vehicle segments, and three-wheelers as well. Meanwhile, the two-wheelers segment continued to lag.
The divergence between four-wheelers and two-wheelers was more pronounced in December, as per the VAHAN data.
In the two-wheeler segment, Eicher Motors and TVS Motor outperformed the broader industry, while Hero MotoCorp was the biggest underperformer. The data suggested pressure in Bajaj Auto’s two-wheeler portfolio as well.
On another note, in January, Maruti Suzuki is set to launch its first electric SUV — the e-Vitara, Mahindra and Mahindra will launch its Mahindra XUV 7XO next week, and Royal Enfield will launch its Bullet 650 motorcycle.
Auto stocks ended the previous session, also the last day of the calendar year 2025, on a positive note, up 1.1%. All 15 stocks in the Nifty Auto index reported gains, led by TVS Motor, Tube Investments of India, Eicher Motors, Bosch and Tata Motors PV. The index has gained 21.8% in 2025.
This story will continue to be updated as more numbers are reported.
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