Mahindra sells over 1 lakh vehicles in June as sales jump 33%

Manufacturer of passenger and commercial vehicles Mahindra & Mahindra Ltd on Thursday (July 9) reported a 32.5% year-on-year increase in total sales to 1.04 lakh units in June 2026, compared with 78,142 units in the same month last year.

The company's total production rose 30% year-on-year to 1.11 lakh units from 85,232 units in June 2025. Exports more than doubled to 5,954 units during the month from 2,698 units a year earlier.

Utility vehicle production stood at 34,188 units, while sales were at 29,289 units in June. Sales of the Thar and Thar Roxx diesel models rose to 9,970 units from 8,671 units a year ago, while Scorpio diesel sales increased to 13,876 units from 12,007 units.

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Sales of the XUV3XO and XUV400 diesel and electric models stood at 3,364 units, while XUV3XO petrol sales rose to 6,730 units from 5,350 units in June 2025.

Sales of Mahindra's electric-origin SUVs increased to 7,174 units in June 2026 from 4,011 units in the corresponding month last year. Commercial vehicle sales stood at 4,676 units, while passenger three-wheeler sales came in at 12,840 units and goods three-wheeler sales at 967 units.

Fourth-quarter results

M&M reported a net profit of ₹3,737.3 crore for the March quarter, ahead of the CNBC-TV18 poll estimate of ₹3,524 crore. The figure was 53% higher than a year earlier.

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Revenue for the quarter rose 26.2% year-on-year to ₹39,554 crore, exceeding the CNBC-TV18 poll estimate of ₹37,821 crore, driven by strong volume growth.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased 19% year-on-year to ₹5,565 crore, marginally above the CNBC-TV18 poll estimate of ₹5,400 crore.

EBITDA margin narrowed by 80 basis points to 14.1% from 14.9% a year earlier, compared with the CNBC-TV18 poll estimate of 14.3%. Higher commodity costs were partly offset by price hikes.

Shares of Mahindra & Mahindra Ltd ended at ₹3,085.25, down ₹17.70, or 0.57%, on the BSE.

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