SML Mahindra Limited reported a 5% year-on-year increase in total sales for June 2026, reaching 1,896 units compared to 1,807 units in the previous year. The company's production for the month also improved, rising to 1,587 units from 1,546 units in June 2025. The growth in sales was driven by the commercial vehicles segment, which constitutes the company's primary business operations. However, exports for the month declined to 34 units from 64 units recorded in the same period of the prior year.

Production and Sales Performance

The commercial vehicles segment recorded sales of 1,896 units in June 2026, up from 1,807 units in the corresponding period of the prior year, reflecting a 5% year-on-year improvement. Production figures for this segment stood at 1,587 units for June 2026, compared to 1,546 units in June 2025, indicating steady operational output. While domestic sales momentum remained positive, exports witnessed a notable decline during the period.

Operational Data: June 2026

The following table details the production, sales, and export figures for SML Mahindra Limited for the month of June 2026:

Regulatory Disclosure

The disclosure was submitted to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Parvesh Madan, Company Secretary & Compliance Officer, signed the filing on behalf of SML Mahindra Limited.

SML Mahindra Limited appointed Vimal Agarwal as its Internal Auditor effective July 1, 2026, succeeding K. N. Vaidyanathan who ceased to hold the position on June 30, 2026. The Board of Directors approved the appointment based on the recommendation of the Audit Committee. This leadership change ensures continuity in the company's internal audit and governance framework.

Mr. K. N. Vaidyanathan ceased to be the Internal Auditor at the close of business hours on June 30, 2026, upon the conclusion of his term as the Group Chief Internal Auditor of Mahindra & Mahindra Limited, the Holding Company. His departure marks the end of his tenure with the firm effective immediately.

Mr. Vimal Agarwal assumes the role of Internal Auditor effective July 1, 2026, concurrently with his appointment as the Group Chief Internal Auditor of Mahindra & Mahindra Limited. He is a Chartered Accountant and MBA with 25 years of experience in finance, governance, and business strategy across multinational corporations and listed Indian entities.

Profile of Vimal Agarwal

Agarwal is recognized for strengthening governance frameworks, enhancing internal controls, and enabling Boards and leadership teams in shaping and executing growth strategies. His career includes leadership roles at PepsiCo India, where he drove financial operations, planning & analytics, and supply chain finance while embedding strong internal controls.

Previously, as CFO of Mahindra Lifespaces, he partnered with business leaders to scale sales and increase market capitalization, leading fundraising, digitalization, and private equity joint ventures. Most recently, as CFO of Mahindra Holidays & Resorts over the last two years, he enabled a comprehensive growth strategy leveraging expertise in financial planning, investor relations, and performance optimization.

Key Appointment Details