Mahindra Auto Sales Surge 17% in May; Tractor Volumes Up 10% YoY
By HDFC SKY | Updated at: Jun 1, 2025 05:51 PM IST
Mumbai, June 1, 2025: Mahindra & Mahindra Ltd. (NSE: M&M; BSE: 500520) posted strong sales growth across both its automotive and farm equipment divisions for May 2025, underscoring continued demand for its ICE and EV product lines as well as sustained momentum in the rural segment.
Key Automotive Sales Highlights – May 2025
| Segment | May FY26 | May FY25 | YoY Change |
|---|---|---|---|
| Utility Vehicles (Domestic) | 52,431 | 43,218 | +21% |
| Total Auto Sales | 84,110 | — | +17% |
| Commercial Vehicles | 21,392 | — | — |
| Passenger Vehicles (Total) | 52,431 | 43,218 | +21% |
| Exports (Total) | 3,652 | 2,671 | +37% |
Commercial Vehicle Breakdown:
| Category | May FY26 | May FY25 | YoY Change |
|---|---|---|---|
| LCV < 2T | 2,580 | 3,156 | -18% |
| LCV 2T – 3.5T | 17,718 | 15,587 | +14% |
| LCV > 3.5T + MHCV | 1,094 | 1,083 | +1% |
| 3-Wheelers (incl. EV) | 6,635 | 5,967 | +11% |
Management Commentary:
“Thanks to continued demand for our products, we were able to deliver industry-leading growth across our ICE and BEV portfolio,” said Nalinikanth Gollagunta, CEO – Automotive Division, Mahindra & Mahindra Ltd..
Farm Equipment Division: Tractor Sales Rise 10%
| Segment | May FY26 | May FY25 | YoY Change |
|---|---|---|---|
| Domestic Tractors | 38,914 | 35,237 | +10% |
| Exports | 1,729 | 1,872 | -8% |
| Total Sales | 40,643 | 37,109 | +10% |
President – Farm Equipment Business, Veejay Nakra, noted:
“Early advancement of the above-normal Southwest monsoon, positive sentiment from MSP hikes, and supportive government schemes are expected to sustain rural demand and boost productivity.”
Strategic Outlook
Mahindra’s growth in SUV and LCV sales aligns with rising consumer preference for utility vehicles and strong traction in last-mile mobility and EVs. In the farm segment, healthy reservoir levels and government support schemes are expected to drive further demand in the upcoming Kharif season.
Both business units recorded solid YTD growth for FY26:
- Auto YTD Sales (UVs): 1,04,761 units, up 24% YoY
- Farm Equipment YTD Sales: 80,697 units, up 9% YoY
About the Company
Mahindra Group, founded in 1945, is a diversified conglomerate with a presence in over 100 countries and leadership in farm equipment and utility vehicles. It is also the world’s largest tractor manufacturer by volume and maintains a focus on ESG leadership and rural prosperity.
REF:https://nsearchives.nseindia.com/corporate/ferozebaria_01062025124208_SEIntimationJune2025PR.pdf
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