SML Mahindra Reports February Sales Of 1,503 Units Up From 1,288 Units Last Year

SML Mahindra Limited has reported robust sales performance for February 2026, demonstrating strong momentum across its vehicle portfolio. The company disclosed these figures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting significant growth in both monthly and cumulative sales metrics.

February 2026 Sales Performance

The company achieved impressive growth in February 2026, with total vehicle sales reaching 1,503 units compared to 1,288 units in February 2025. This represents a substantial 17% year-on-year increase, reflecting the company's strengthening market position.

Category:	February 2025-26	February 2024-25	% Change
Cargo Vehicles:	486	468	4%
Passenger Vehicles:	1,017	820	24%
Total:	1,503	1,288	17%

Segment-wise Performance Analysis

The passenger vehicles segment emerged as the primary growth driver, recording 1,017 units sold in February 2026 versus 820 units in the same month of the previous year. This translates to a remarkable 24% growth, indicating strong demand in this category. The cargo vehicles segment also contributed positively with 486 units sold, representing a steady 4% increase from 468 units in February 2025.

Cumulative Performance for April-February Period

The company's performance for the eleven-month period from April to February shows sustained growth momentum. Total vehicle sales for this period reached 14,175 units in 2025-26, compared to 11,906 units in the corresponding period of 2024-25, marking a solid 19% growth.

Category:	April-February 2025-26	April-February 2024-25	% Change
Cargo Vehicles:	4,806	3,621	33%
Passenger Vehicles:	9,369	8,285	13%
Total:	14,175	11,906	19%

Annual Growth Trends

The cumulative data reveals interesting growth patterns across segments. Cargo vehicles demonstrated exceptional performance with 4,806 units sold during April-February 2025-26, achieving a substantial 33% growth from 3,621 units in the previous year. Passenger vehicles maintained consistent growth with 9,369 units sold, representing a 13% increase from 8,285 units in the corresponding period.

The disclosure was signed by Parvesh Madan, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited on March 1, 2026, ensuring regulatory compliance and transparency for stakeholders.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.30%	-2.81%	-15.05%	+29.42%	+141.43%	+764.59%

SML Mahindra Limited has received a penalty order of Rs 11.47 lacs from tax authorities in Haryana for alleged E-Way Bill compliance violations. The commercial vehicle manufacturer disclosed this development to stock exchanges on February 26, 2026, in compliance with regulatory requirements.

Penalty Order Details

The Assistant Excise and Taxation Officer cum Proper Officer, Joint Excise & Commissioner, Faridabad (Range) issued the order on February 25, 2026, under Section 129(3) of the HGST/CGST Act, 2017. The order confirms a penalty demand of IGST amounting to Rs 11.47 lacs under Section 129(1)(a) of the said Act read with the IGST Act, 2017.

Parameter	Details
Penalty Amount	Rs 11.47 lacs
Order Date	February 25, 2026
Receipt Date	February 25, 2026 at 12:16 PM (via email)
Issuing Authority	Assistant Excise and Taxation Officer, Faridabad (Range)
Legal Provision	Section 129(1)(a) of HGST/CGST Act, 2017

Nature of Violation

The penalty order relates to the company's alleged failure to update Part B of the E-Way Bill, which is a mandatory requirement under GST regulations. E-Way Bills are electronic documents required for the movement of goods worth more than Rs 50,000 and must be properly maintained and updated during transit.

Company's Response

SML Mahindra Limited has indicated that it will file an appeal against this order before the next Adjudicating Authority. The company made this disclosure pursuant to Regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Impact

The company has stated that the financial impact is as mentioned in the order details, referring to the Rs 11.47 lacs penalty amount. The disclosure was made through the company's Company Secretary & Compliance Officer, Parvesh Madan, to both BSE and NSE.

SML Mahindra Limited, formerly known as SML Isuzu Limited, is engaged in the manufacturing of trucks and buses. The company's registered office and works are located in Village Asron, District Shahid Bhagat Singh Nagar (Nawanshahar), Punjab.