Mahindra Reports Strong Sales Across Auto Divisions, Farm Equipment, and Trucks in July 2026
Mahindra & Mahindra Limited announced robust sales figures for its various businesses—Automotive, Farm Equipment, and Trucks & Buses—for the month of July 2026. The company reported significant growth across these segments, reflecting demand traction in both passenger and utility vehicles, as well as strong performance in tractor sales.Automotive Sales Surge: Total Vehicle Count Reaches 103,860
M&M Ltd., a leading automotive manufacturer in India, recorded total auto sales of 103,860 vehicles for July 2026, marking a growth of 26%. The utility vehicle segment saw particularly strong performance, with 60,048 units sold domestically, representing a 20% increase.
The domestic market for Commercial Vehicles reached 25,204 units, which is a 23% increase. Nalinikanth Gollagunta, CEO of the Automotive Division at M&M Ltd., stated that the SUV sales amounted to 60,048 units, achieving a 20% growth. The total vehicle sales stood at 103,860, demonstrating all-around demand across the product portfolio.
Key performance metrics for Passenger Vehicles (Domestic) in July 2026 are detailed below:
| Category | July F27 | July F26 | % Change | YTD July F27 | YTD July F26 | % Change |
|---|---|---|---|---|---|---|
| Utility Vehicles* | 60048 | 49871 | 20% | 234793 | 201938 | 16% |
| Passenger Vehicles | 60048 | 49871 | 20% | 234793 | 201938 | 16% |
The performance in the Commercial Vehicles and 3 Wheelers segment was also strong. The domestic sales figures are summarized as follows:
| Category | July F27 | July F26 | % Change | YTD July F27 | YTD July F26 | % Change |
|---|---|---|---|---|---|---|
| LCV < 2T** | 3870 | 2763 | 40% | 13852 | 10571 | 31% |
| LCV 2 T - 3.5 T*** | 21334 | 17701 | 21% | 84934 | 71332 | 19% |
| 3 Wheelers (including electric 3Ws)** | 14538 | 9475 | 53% | 50793 | 30034 | 69% |
In terms of international markets, Total Exports for July 2026 stood at 4,070 units, reflecting a 47% increase from the previous period (F26). Year-to-date exports stand at 19,958 units compared to 12,435 in F26, showing a 60% growth.
Farm Equipment Business Registers 21% Growth
Mahindra & Mahindra Ltd.’s Farm Equipment Business reported that domestic tractor sales for July 2026 stood at 32,643 units, achieving a 21% year-on-year increase over the previous year's figure of 26,990 units. Total tractor sales, including exports, reached 34,420 units against 28,708 in the prior period. Exports for the month amounted to 1,777 units.
Veejay Nakra, President -Farm Equipment Business, stated that this performance is a result of significant recovery in rainfall and reservoir levels, along with accelerated kharif sowing aided by government support and healthy farm cashflows, which have improved rural sentiment.
The Farm Equipment Business summary data for July 2026:
| Metric | July F27 | July F26 | % Change | Cumulative July F27 | Cumulative July F26 | % Change |
|---|---|---|---|---|---|---|
| Domestic Sales | 32643 | 26990 | 21% | 185069 | 156189 | 19% |
| Exports | 1777 | 1718 | 3% | 7392 | 6608 | 12% |
| Total Sales | 34420 | 28708 | 20% | 192461 | 162797 | 18% |
Trucks & Buses Business Shows Steady Growth
Mahindra & Mahindra Ltd. reported that its Trucks and Buses business (CV > 3.5T), including both the MTBD division and SML, sold a total of 3,009 vehicles in July 2026, reflecting a year-on-year growth of 19%.
Vinod Sahay, Executive Chairman -SML, President -Aerospace, Advanced Technologies, Trucks, Buses & CE at M&M, noted that despite cost headwinds, the industry is experiencing good growth driven by continued infrastructure investment, rising freight demand, and an accelerating fleet replacement market.
Performance metrics for the combined MTBD and SML segment are as follows:
| Category | July F27 | July F26 | % Change | YTD July F27 | YTD July F26 | % Change |
|---|---|---|---|---|---|---|
| Cargo Vehicles | 1474 | 1281 | 15% | 4924 | 4783 | 3% |
| Passenger Vehicles | 1535 | 1253 | 23% | 7474 | 6200 | 21% |
| MTBD + SML Total | 3009 | 2534 | 19% | 12398 | 10983 | 13% |
Breakdown by division for July 2026:
| Category | MTBD (July) | MTBD (F27) | % Change | SML (July) | SML (F27) | % Change |
|---|---|---|---|---|---|---|
| Cargo Vehicles | 1057 | 832 | 27% | 417 | 449 | -7% |
| Passenger Vehicles | 349 | 275 | 27% | 1186 | 978 | 21% |
| Total | 1406 | 1107 | 27% | 1603 | 1427 | 12% |
M&M Stock Price Movement
Mahindra & Mahindra Limited shares rallied on Friday, concluding at ₹3398.50 after the equity gained 3.33% in the previous session's trading. The stock traded with strong momentum, recording a volume of 6.13 million shares while navigating its intraday range.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.
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