Mahindra & Mahindra Reports Robust Sales Growth in March 2026
Mumbai, April 1, 2026: Mahindra & Mahindra Ltd. (M&M Ltd.) announced auto sales of 99,969 vehicles for March 2026, a 21% growth including exports.In the Utility Vehicles segment, Mahindra sold 60,272 vehicles in the domestic market, a 25% growth. Overall, 62,109 vehicles, including exports, were sold. Domestic sales for Commercial Vehicles stood at 24,928, a 11% growth.
The financial year concluded with all-time-high volumes of 660,276 SUVs and 289,597 LCVs (<3.5T), delivering robust year-over-year growth of 20% and 13%, respectively, across both segments.
According to Nalinikanth Gollagunta, CEO of the Automotive Division, "The Financial year ended on a very positive note, with Mahindra clocking its highest-ever volumes in both SUVs & LCVs (<3.5T) segments. In March, we achieved SUV sales of 60,272 units, a growth of 25% and LCV <3.5T sales of 24,928 units, a growth of 11% year-over-year. Total vehicle sales stood at 99,969 units, a 21% year-over-year growth."
Passenger Vehicles Sales Summary (Domestic) - March 2026
| Category | March F26 | March F25 | %Change | YTD March F26 | YTD March F25 | %Change |
|---|---|---|---|---|---|---|
| Utility Vehicles* | 60272 | 48048 | 25% | 660276 | 551487 | 20% |
| Cars + Vans | 0 | 0 | ||||
| Passenger Vehicles | 60272 | 48048 | 25% | 660276 | 551487 | 20% |
Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) - March 2026
| Category | March F26 | March F25 | %Change | YTD March F26 | YTD March F25 | %Change |
|---|---|---|---|---|---|---|
| LCV < 2T | 3526 | 3530 | 0% | 38120 | 38995 | -2% |
| LCV 2 T - 3.5 T | 21402 | 18958 | 13% | 251477 | 217060 | 16% |
| 3 Wheelers (including electric 3Ws) | 10801 | 7752 | 39% | 112003 | 85832 | 30% |
Exports - March 2026
| Category | March F26 | March F25 | %Change | YTD March F26 | YTD March F25 | %Change |
|---|---|---|---|---|---|---|
| Total Exports | 3968 | 4143 | -4% | 40990 | 34654 | 18% |
Note: Total vehicle sales of 99,969 units include SUVs, LCVs (<3.5T), 3-wheelers, and export volumes.
Mahindra's Farm Equipment Business (FEB) announced tractor sales of 43,403 units for March 2026, reflecting a 33% year-over-year growth. The total tractor sales for the year were 5,05,930, registering a growth of 24%.
Veejay Nakra, President - Farm Equipment Business, stated, “We have sold 43,403 tractors in the domestic market during March 2026 registering a robust growth of 33%."
Farm Equipment Sector Summary
| Category | March F26 | March F25 | % Change | Cumulative March F26 | Cumulative March F25 | % Change |
|---|---|---|---|---|---|---|
| Domestic | 43403 | 32582 | 33% | 505930 | 407094 | 24% |
| Exports | 1632 | 2352 | -31% | 20473 | 17547 | 17% |
| Total | 45035 | 34934 | 29% | 526403 | 424641 | 24% |
Mahindra’s Trucks & Buses Business reported sales of 4267 vehicles in March 2026, a year-over-year growth of 13%.
Vinod Sahay, Executive Chairman -SML, stated, “The commercial vehicle industry has sustained its strong momentum, underscoring the sector's resilience."
Trucks & Buses Business (MTBD+SML) - March 2026
| Category | March F26 | March F25 | %Change | YTD March F26 | YTD March F25 | %Change |
|---|---|---|---|---|---|---|
| Cargo Vehicles | 1692 | 1540 | 10% | 15624 | 13006 | 20% |
| Passenger Vehicles | 2575 | 2238 | 15% | 15840 | 14302 | 11% |
| MTBD + SML Total | 4267 | 3778 | 13% | 31464 | 27308 | 15% |
The Mahindra Group, founded in 1945, operates in over 100 countries and is a leader in farm equipment, utility vehicles, and information technology.
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