Mahindra & Mahindra Limited (M&M Ltd.) has reported strong growth in its automotive business, recording total vehicle sales of 99,969 units in March 2026, marking a 21% year-on-year increase, including exports.
The company’s Utility Vehicles (SUV) segment emerged as a key growth driver, with domestic sales reaching 60,272 units, reflecting a robust 25% rise compared to the same period last year. Including exports, total SUV sales stood at 62,109 units for the month.
In the Commercial Vehicles segment, Mahindra posted domestic sales of 24,928 units, registering an 11% year-on-year growth. Meanwhile, the three-wheeler category, including electric models, also showed strong momentum, recording a significant 39% growth in March.
For the full financial year FY 2025-26, Mahindra achieved its highest-ever volumes, selling 6,60,276 SUVs and 2,89,597 light commercial vehicles (LCVs under 3.5 tonnes). This represents a strong year-on-year growth of 20% in SUVs and 13% in the LCV segment, underlining the company’s sustained market leadership.
Commenting on the performance, Nalinikanth Gollagunta, CEO of the Automotive Division at M&M Ltd., said the financial year ended on a highly positive note, with record-breaking volumes across key segments. He highlighted that March’s strong SUV and LCV sales reflect growing customer demand and the company’s robust product portfolio.
Exports for March 2026 stood at 3,968 units, slightly lower by 4% compared to the previous year. However, on a year-to-date basis, exports grew by 18%, reaching 40,990 units, indicating steady international demand.
Founded in 1945, the Mahindra Group operates in over 100 countries with a workforce of more than 3,24,000 employees. The group continues to maintain leadership in sectors such as automotive, farm equipment, IT services, and financial services, while also expanding its footprint in renewable energy and sustainable mobility.
With record annual performance and consistent growth across segments, Mahindra remains well-positioned to strengthen its presence in both domestic and global automotive markets.
