SML Mahindra reported 12% year-on-year growth in total vehicle sales to 1,603 units in July, compared to 1,427 units in the corresponding month last year, according to reports from CNBC TV18 and Business Standard. The company's passenger vehicle sales climbed 21% to 1,186 units from 978 units, while cargo vehicle sales declined 7% to 417 units from 449 units. For the April-July period, cumulative sales rose 11% to 7,041 units from 6,353 units year-on-year. The company, formerly known as SML Isuzu, is primarily engaged in the manufacture and sale of commercial vehicles and their parts.
Escorts Kubota's Agri Machinery Business sold 8,731 tractors in July, representing 22% growth from 7,154 units a year ago, as reported by Business Standard. Domestic tractor sales rose 23.7% to 8,194 units from 6,624 units, while exports edged up 1.3% to 537 units from 530 units. The company attributed the growth to improved rainfall during July that helped narrow the cumulative rainfall deficit to 14-15%, while Kharif sowing activity picked up pace, supporting rural demand and sentiment. Growth momentum remained positive in July 2026, supported by steady performance across wholesale and retail segments, with the company noting that rural fundamentals remain resilient. For the April-July period, total tractor sales aggregated to 45,593 units, registering 20.8% growth from 37,735 units in the corresponding period last year.
Escorts Kubota's Construction Equipment Business reported strong growth of 49.2% year-on-year to 534 machines in July from 358 units a year earlier, according to CNBC TV18. The company attributed this growth to a lower base following last year's implementation of BSV emission norms, sustained infrastructure activity, continued government capital expenditure, a robust project pipeline and increasing export opportunities. However, the company noted that geopolitical developments remain a key monitor due to their potential impact on business sentiment and commodity costs.
SML Mahindra shares jumped 3.64% to close at ₹5,678.10 on Friday, July 31, 2026, following the strong sales performance announcement. The company reported marginal 2.36% year-on-year rise in standalone net profit to ₹54.20 crore for the fourth quarter ended March 31, 2026, compared with ₹52.95 crore in the corresponding quarter last year. Revenue from operations rose 16.39% YoY to ₹897.65 crore in the quarter ended March 31, 2026. Escorts Kubota shares rose 1.35% to ₹3,127.65 after reporting strong July performance. The company's consolidated net profit rose 17.1% to ₹320.53 crore on 21.4% to ₹2,968.16 crore in Q4 FY26 over Q4 FY25. Both companies highlighted key factors that could influence future performance, with Escorts Kubota identifying the progress of the monsoon and Kharif crop, a delayed festive season in the third quarter, input cost pressures and a high base in the coming months as key factors to watch.
