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.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.