Mahindra & Mahindra Reports 16% Growth in September Sales; Tractor Business Up 50%

Mumbai, October 1, 2025 – Mahindra & Mahindra Limited (NSE: M&M), one of the largest automobile and tractor manufacturer of the country, has posted strong sales figures for September 2025. The increase in demand for passenger vehicles and other categories is attributed to the festival season coinciding with the GST 2.0 benefits that reduced prices of cars and tractors. The company reported sale of 100298 vehicles, marking 16% year on year growth in both domestic and overseas markets.

At 01:00 PM, the stock of the company traded at ₹3,451.70 (0.72% higher from the previous day’s closing). The high point so far is ₹3501.00

Key Sales Highlights

In September FY26, the company reported strong sales growth across most segments. Utility Vehicles rose 10% YoY to 56,233 units, while total auto sales increased 16% to 1,00,298 units. Commercial vehicles grew 18%, and 3-wheelers (incl. EVs) surged 30%. Exports increased by 43% to 4,320 units. Tractors posted the strongest growth, up 50% domestically and 49% overall. However, trucks & buses fell 8% YoY. Year-to-date (YTD), utility vehicles, 3-wheelers, exports, and tractors all posted double-digit gains, highlighting broad-based demand momentum.

Management Commentary

The management has expressed satisfaction on the numbers. The CEO of Automotive division, Mr Nalinikanth Gollagunta cited that SUV sales drove the overall sales as these were supported by Navratri boost and the demand was more than 60% than usual. On the other hand, Veejay Nakra, the President of the Farm Equipment division suggested that the sales for tractors went up by 50% (year on year) which was aided by positive kharif outlook, strong monsson and GST cuts.

Vinod Sahay, the Executive Chairman of Trucks, Buses, and CE cited that truck and bus sales dropped by 8% largely due to GST transition-related deferments but demand is expected to pick up.

Stock Market Reaction

As of 01:00 PM IST on October 1, 2025, the shares traded at ₹3,451.70 0.72% higher compared to the previous close of ₹3,427. The stock touched a day’s high of ₹3501 and low of ₹3,415.50, with a market capitalization of ₹4.32 lakh crore.

About the Company

Founded in 1945, Mahindra & Mahindra is one of India’s largest business groups with global operations across over 100 countries. It holds leadership in utility vehicles and tractors, and has strong interests in IT, financial services, renewable energy, hospitality, and logistics.

REF: https://nsearchives.nseindia.com/corporate/ferozebaria_01102025100800_SEIntimationOctober2025PR.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations