Mahindra & Mahindra Reports 19% Growth in November 2025 Auto Sales
Filing Summary
Mahindra & Mahindra Ltd. announced a 19% increase in total vehicle sales for November 2025, reaching 92,670 units, including exports. The company sold 56,336 utility vehicles domestically, marking a 22% rise. Commercial vehicle sales in India grew by 17% to 24,843 units. The Farm Equipment Business reported a 33% increase in domestic tractor sales, totaling 42,273 units. The Trucks and Buses division saw a 57% growth with 2,232 units sold. These figures reflect Mahindra’s continued expansion across multiple segments.
Mahindra & Mahindra Ltd. reported a total of 92,670 vehicle sales in November 2025, reflecting a 19% increase compared to the previous year. This figure includes both domestic and export sales. The company’s utility vehicle segment recorded domestic sales of 56,336 units, a 22% increase from the prior year. Overall utility vehicle sales, including exports, reached 57,598 units. The commercial vehicle segment also showed growth, with domestic sales rising by 17% to 24,843 units.
The financial performance of Mahindra’s Farm Equipment Business was notable, with domestic tractor sales reaching 42,273 units, a 33% increase from November 2024. Total tractor sales, including exports, amounted to 44,048 units, marking a 32% year-on-year growth. Export sales for tractors stood at 1,775 units, a 9% increase from the previous year.
Operationally, Mahindra’s Trucks and Buses business, which includes Mahindra Trucks & Buses division and SML Mahindra Limited, sold 2,232 vehicles in November 2025. This represents a 57% increase compared to the same month in the previous year. The cargo vehicle segment within this division saw a 48% rise in sales, while passenger vehicles increased by 72%.
The timeline for these sales figures reflects Mahindra’s ongoing efforts to expand its market presence and product offerings. The company celebrated the one-year anniversary of its Electric Origin SUVs and introduced the XEV 9S, India’s first authentic Electric Origin 7-seater SUV, alongside the Mahindra BE 6 Formula E Edition.
Mahindra & Mahindra Ltd. operates through various divisions, including the Automotive Division, Farm Equipment Business, and Trucks & Buses division. Each division plays a critical role in the company’s overall sales performance. The Automotive Division focuses on utility vehicles and commercial vehicles, while the Farm Equipment Business is a leader in tractor sales. The Trucks & Buses division, including SML Mahindra Limited, contributes to the company’s commercial vehicle segment.
The market context for Mahindra’s performance includes a positive sentiment among farmers due to record production and increased sowing acreage. Government measures such as GST rate reductions and higher minimum support prices have also contributed to improved cash flow for farmers, boosting demand for tractors and farm implements. In the commercial vehicle sector, the GST cut has improved customer sentiment and affordability, aiding sales growth.
Mahindra & Mahindra Ltd. is a leading player in the automotive and farm equipment sectors. The company focuses on expanding its product offerings and market presence across various segments. With a strong emphasis on innovation and sustainability, Mahindra aims to drive growth and enhance its leadership position in the industry.