SML Isuzu (formerly SML Isuzu Limited) has reported a significant increase in its October sales figures, showcasing robust growth across its vehicle segments. The company, known for its trucks and buses, saw a notable uptick in both cargo and passenger vehicle sales.

Sales Performance Highlights

SML Isuzu's total sales for October 2023 reached 1,059 units, marking a substantial 32% increase from the 801 units sold in the same month last year. This growth was driven by strong performance in both the cargo and passenger vehicle segments.

Segment-wise Analysis

Passenger Vehicles

The passenger vehicle segment emerged as the star performer, with sales soaring by 36% year-on-year. The company sold 552 passenger vehicles in October 2023, compared to 407 units in the previous year, indicating a growing demand for its bus offerings.

Cargo Vehicles

The cargo vehicle segment also showed impressive growth, with sales increasing by 29%. SML Isuzu sold 507 cargo vehicles in October 2023, up from 394 units in October 2022, reflecting a positive trend in the commercial vehicle market.

Year-to-Date Performance

Looking at the broader picture, SML Isuzu's performance from April to October of the fiscal year 2023-24 shows a 9% growth compared to the same period in the previous year. The company has sold a total of 9,204 vehicles in this seven-month period, up from 8,428 units in the corresponding period of 2022-23.

This consistent growth trajectory suggests that SML Isuzu is effectively navigating market challenges and capitalizing on the demand for both commercial and passenger vehicles. The company's ability to outperform its previous year's figures, especially in the passenger vehicle segment, indicates successful product strategies and market positioning.

As the automotive sector continues to evolve, SML Isuzu's performance will be closely watched by industry observers and investors alike. The company's sustained growth in both monthly and year-to-date figures paints a positive picture for its prospects in the competitive Indian automobile market.

SML Isuzu , formerly known as SML Isuzu Limited, has reported a robust financial performance for the half year ended September 30, 2025. The company, which recently underwent a significant ownership change, has shown impressive growth in both revenue and profitability.

Financial Highlights

The company's revenue from operations for the half year stood at ₹1,401.00 crore, marking an 8.12% increase from ₹1,295.81 crore in the same period last year. More notably, the profit for the half year surged to ₹88.01 crore, representing a significant 29.07% growth compared to ₹68.19 crore in the previous year.

Quarterly Performance

For the quarter ended September 30, 2025, SML Isuzu reported a profit of ₹21.05 crore. While this shows a slight decrease from ₹21.80 crore in the same quarter last year, it's important to note the overall half-yearly growth trend.

Corporate Developments

The company has undergone a major transformation recently:

1. Ownership Change: On August 1, 2025, Mahindra & Mahindra Limited acquired a 58.96% equity stake in the company, making SML Isuzu its subsidiary.

2. Name Change: Effective October 8, 2025, the company's name was changed from SML Isuzu Limited to SML Mahindra Limited, reflecting the new ownership structure.

Credit Rating Upgrade

In a separate announcement, ICRA Limited has upgraded SML Isuzu's long-term credit rating from [ICRA] AA- to [ICRA] AA+ with a stable outlook. This upgrade reflects the expected improvement in the company's credit profile, supported by Mahindra & Mahindra's ownership and control. ICRA anticipates that SML will benefit from operational synergies with M&M across various business functions, potentially strengthening its earnings trajectory.

Looking Ahead

With the backing of Mahindra & Mahindra and a strong financial performance, SML Isuzu appears well-positioned for future growth. The company's established presence in the school and executive bus segments, combined with potential synergies from its new parent company, may contribute to an improved earnings profile in the coming quarters.

Investors and stakeholders will likely keep a close eye on how the company leverages its new relationship with Mahindra & Mahindra to drive further growth and operational efficiencies in the competitive commercial vehicle market.