Mahindra Truck and Bus has launched the BLAZO i-TRK, a new generation Heavy Commercial Truck engineered around the promise of Profit Ka Rocket. The truck combines best-in-class fuel efficiency with intelligent connected technologies and an industry-leading uptime guarantee. According to the latest reports, the BLAZO i-TRK delivers up to 10% better fuel efficiency through advanced technologies including AI-powered iFUELSMART auto drive mode, TurboMAXX turbocharger, OptiFuel air compressor and multiple hardware solutions. These cumulative savings can translate into up to ₹15 lakh additional profit per truck over five years, helping customers grow their business faster.
Mahindra & Mahindra is leveraging the merged SML Mahindra entity and developing two new truck engines to break into heavier commercial vehicle segments and challenge market leaders Tata Motors and Ashok Leyland. According to Vinod Sahay, president of Trucks and Buses and executive chairman at SML Mahindra, the company is targeting to double its ICV truck market share from the current 4-4.5% by expanding into the 16-18 tonne weight category. As reported by Mint, the new engines are expected over the next two years, with one engine each for Mahindra and SML to launch new, heavier trucks in the intermediate commercial vehicle segment.
The company's commercial vehicle expansion comes after Mahindra gained a foothold in the 4.7 million passenger vehicle market and jumped to the number two position in FY26, dethroning Hyundai Motor India. According to Mint reports, Mahindra aims to increase the consolidated revenue of the commercial vehicle business housed under SML Mahindra to ₹12,500 crore and reach 20% market share within the next decade from the current 6% in FY2026. The commercial vehicle market crossed the million unit mark in FY2026 with 11% growth, driven by goods and services tax cuts and government infrastructure funding.
Mahindra Group acquired a 59% controlling stake in SML Isuzu for ₹555 crore last year to expand its commercial vehicle presence, with the entity renamed to SML Mahindra. As reported by Mint, the conglomerate announced last month that it will acquire Mahindra and Mahindra's Mahindra Truck and Buses business for ₹525 crore, consolidating the entire commercial vehicle business under SML Mahindra. The combined entity already holds a strong presence in the school bus market and aims to strengthen its presence in the buses segment where it has limited presence in the truck segment. As of 29 July 2026, the Board of Directors of SML Mahindra Limited has approved the acquisition of Mahindra Truck and Bus Division from Mahindra & Mahindra Limited on a slump sale basis, with the transaction expected to be completed during FY2027 subject to all regulatory and shareholder approvals.
Mahindra is exploring expansion in the electric bus segment but will not rush into the city e-bus market, which is being subsidised by the Centre under PM E Drive through a ₹10,900 crore outlay. According to Sahay, the company will focus on electrifying school and staff buses where both brands already operate, as reported by Mint. The company plans to leverage each other's networks and product development capabilities, including powertrains, to roll out products quickly while avoiding the subsidised city e-bus market segment.
In the April to June quarter, the Mahindra Group's CV business recorded 13% revenue growth to ₹958 crore while profit declined 4% to ₹63 crore from the year-ago period. As reported by Mint, the company's push in the commercial vehicle segment aims to give Mahindra presence across the entire two-wheeler segment, from two-wheelers to heavy commercial vehicles. The commercial vehicle market is divided into heavy, intermediate, light, and medium segments, with the million-unit market having over 600,000 vehicles in the light commercial vehicle segment and over 400,000 units in the medium, intermediate, and heavy commercial vehicle market.
