Mahindra posted its highest-ever monthly auto volumes of 1,31,109 units, while its separate trucks and buses business grew 40%.
Mahindra recorded its highest-ever monthly auto sales in October 2026, reaching 1,31,109 units, including exports, a year-on-year increase of 9%. Domestic SUV sales also hit a new monthly record at 73,338 units.
Mahindra SUV Sales Hit New High Oct 2026
Mahindra’s domestic passenger vehicle sales stood at 73,338 units, up 2.39% from 71,624 units in October 2025. The increase amounted to 1,714 units. Growth was stronger sequentially. Compared with 64,092 units in September 2026, October volumes rose by 9,246 units, or 14.43%. Including exports, utility vehicle sales reached 74,904 units.
For April–October FY2027, domestic SUV volumes stood at 4,31,480 units, up approximately 17% from 3,69,194 units in the corresponding period last year. Dr. Velusamy R, President, Automotive Business, Mahindra & Mahindra, credited festive demand and a refreshed portfolio for the record performance. He also said the recently introduced XUV 3XO ZNG had received strong customer traction, although individual model volumes were not disclosed.
CV Sales Grow, Three-Wheelers Rise 38%
Domestic light commercial vehicle sales reached 33,037 units, growing approximately 4% year-on-year. Within this total, the 2–3.5-tonne category contributed 28,654 units, up 5% from 27,182 units. Vehicles below two tonnes recorded 4,383 units, down 4% from 4,559 units.
Three-wheelers, including electric models, registered stronger growth. Sales increased 38% to 17,632 units from 12,762 units. April–October volumes reached 99,690 units, up 50%. Auto exports stood at 7,102 units, rising 77% from 4,015 units. Cumulative exports for April–October increased 53% to 37,133 units.
Trucks And Buses Sales Increase 40%
Mahindra’s combined trucks and buses business, comprising Mahindra Truck & Bus Division and SML Mahindra, recorded 2,838 units, including exports. This was an increase of 40% over 2,034 units in October 2025.
Cargo vehicles drove the expansion, rising 62% to 2,036 units. Passenger-carrying commercial vehicles contributed 802 units, up 3%. Mahindra Truck & Bus Division registered 1,773 units, growing 82%. Its cargo volumes more than doubled to 1,504 units, while passenger vehicle volumes increased 19% to 269 units.
SML Mahindra recorded 1,065 units, a marginal increase of 1%. Cargo sales grew 5% to 532 units, while passenger vehicle sales declined 3% to 533 units. Combined April–October trucks and buses volumes stood at 20,643 units, up 24%. The company cited freight movement, infrastructure activity and festive demand as supporting factors.
Domestic Tractor Sales Decline 13%
Mahindra’s Farm Equipment Business recorded domestic tractor sales of 62,626 units, down 13% from 72,071 units in October 2025. Exports increased 40% to 2,220 units from 1,589 units, partly offsetting the domestic decline. Total tractor sales stood at 64,846 units, down 12% from 73,660 units.
Veejay Nakra, President, Farm Equipment Business, attributed the domestic decline primarily to the festive-calendar shift, with Diwali falling in November rather than October. Despite the monthly reduction, cumulative tractor sales remained ahead of last year. April–October domestic volumes reached 3,25,498 units, up 2%, while exports grew 19% to 13,416 units. Combined tractor volumes increased approximately 2% to 3,38,914 units.
