Mahindra & Mahindra Limited has informed the Exchange regarding Monthly Business Updates for the month of May 2025
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Awaiting price reaction for this filing.
Mahindra & Mahindra reported total auto sales of 84,110 vehicles in May 2025, a 17% year-on-year growth, driven by SUV (Utility Vehicle) domestic sales of 52,431 units, up 21%. Exports also rose sharply by 37% to 3,652 units. The Farm Equipment Business sold 38,914 tractors domestically, a 10% increase, with total tractor sales at 40,643 units, also up 10%. For the financial year-to-date (April-May 2025), SUV volumes grew 24% and tractor volumes grew 9%. Management cited strong demand for both ICE and electric vehicle portfolios in autos, and favourable monsoon and MSP hike expectations for tractor demand.
Strong double-digit volume growth across both core businesses signals robust demand momentum and likely positive sentiment for the stock. The broad-based growth across SUVs, commercial vehicles, and tractors is well above industry averages and reinforces Mahindra's market leadership position.