Mahindra Reports 20% Growth in May Vehicle Sales; SUVs Cross 58,000 Units
Mumbai: Mahindra & Mahindra Ltd. (M&M) reported robust sales performance across its automotive and farm equipment businesses in May 2026, supported by strong demand for SUVs, commercial vehicles, and tractors.
The company said its total vehicle sales, including exports, rose 20% year-on-year to 99,636 units in May 2026, compared with the corresponding month last year.
SUV Sales Cross 58,000 Units
Mahindra's Utility Vehicle (SUV) segment continued to drive growth, with domestic SUV sales rising 11% year-on-year to 58,021 units. Total SUV sales, including exports, stood at 59,573 units during the month.
Passenger vehicle sales reached 58,021 units, while domestic commercial vehicle sales increased 19% to 24,079 units.
Exports also recorded strong momentum, growing 37% year-on-year to 5,000 units in May 2026.
Commenting on the performance, Nalinikanth Gollagunta, CEO – Automotive Division, said demand remained strong across the company's product portfolio, although supply chain challenges linked to manpower shortages at certain suppliers continued to impact production.
Tractor Sales Rise 23%
Mahindra's Farm Equipment Business reported domestic tractor sales of 47,845 units in May 2026, registering a 23% increase from 38,914 units sold in the year-ago period.
Total tractor sales, including exports, stood at 49,695 units, up 22% year-on-year. Exports increased 7% to 1,850 units.
According to Veejay Nakra, President – Farm Equipment Business, the growth was driven by timely completion of Rabi harvesting and favorable farm economics, which supported tractor demand across key agricultural markets.
Trucks and Buses Business Grows 18%
Mahindra's Trucks and Buses business, comprising Mahindra Trucks & Buses Division (MTBD) and SML Mahindra, reported total sales of 3,129 vehicles in May 2026, reflecting an 18% increase over the previous year.
Passenger vehicle sales in the trucks and buses segment surged 32%, while cargo vehicle sales remained broadly stable.
Vinod Sahay, Executive Chairman of SML and President – Aerospace, Advanced Technologies, Trucks, Buses & CE, said the commercial vehicle industry continues to face near-term challenges from elevated input costs and higher diesel prices. However, infrastructure spending and replacement demand remain supportive of long-term growth.