Did Mahindra & Mahindra Achieve 20% Growth in June Production?

Synopsis
Key Takeaways
- 20% production growth for M&M in June.
- 76,335 vehicles sold in the month.
- 36% rise in exports from April to June.
- Thar model sales increased significantly.
- Positive projections for the commercial vehicle sector.
Mumbai, July 7 (NationPress) Mahindra & Mahindra (M&M) has announced an impressive increase of over 14 percent in sales and a remarkable 20 percent growth in production for the month of June, as per a filing with the exchange on Monday.
In June, the Indian automotive giant sold 76,335 vehicles, marking an increase of 9,535 units compared to the 66,800 units sold during the same period last year.
The company also reported exporting 2,634 units, reflecting a modest increase of 1 percent from the 2,597 units exported in June of the previous year. However, there was a decline in commercial vehicle exports, which fell by 276 units to 1,568 from 1,844 units exported in June 2024.
Furthermore, M&M's production in June surged by 20 percent, reaching 83,435 units compared to 69,441 units during the same month last year. This figure included 23,255 commercial vehicles, an increase from 21,717 in the same month last year.
The company sold 9,542 units of its popular Thar model (Thar+Thar Roxx) in June, a significant rise from 5,376 units sold during the same month the previous year, making it one of the top-selling models. This figure encompasses both petrol and diesel variants.
Sales of the Scorpio model also saw a slight increase, with 12,740 units sold in June, compared to 12,307 units during the same period last year.
Moreover, Mahindra experienced a substantial 36 percent increase in exports during the April-June quarter. Nalinikanth Gollagunta, CEO of Mahindra’s Automotive Division, stated earlier that the company's commitment to delivering value to its customers has fueled its robust growth, and they remain optimistic about future quarters.
Looking ahead, CareEdge Ratings forecast a promising year for the Commercial Vehicle (CV) sector, indicating that wholesale volumes in India are expected to recover by approximately 2–5 percent in FY26 after a sluggish performance in the past two financial years.
The report suggests that the medium and heavy commercial vehicle (MHCV) segment is anticipated to grow by 4–6 percent this financial year, while the light commercial vehicle (LCV) segment is expected to grow by 2–4 percent in the same period.
aps/na