Mahindra & Mahindra Ltd. (M&M) showcased impressive performance across its automotive and farm equipment segments in January 2025. The company recorded a robust 16% YoY growth in total vehicle sales, reaching 85,432 units. In the utility vehicles segment, domestic sales grew by 18%, with 50,659 units sold. This growth was driven by strong demand, particularly for Mahindra’s BE6 and XEV 9E electric SUVs, which gained traction following successful test drives.
Farm Equipment Sector Performance
Mahindra’s tractor sales in India for January 2025 stood at 26,305 units, reflecting a 15% YoY growth. Total tractor sales, including exports, reached 27,557 units, with exports seeing a 28% rise compared to January 2024. The growth was attributed to favorable agricultural conditions, government support through rural schemes, and high water storage aiding Rabi sowing.
Commercial and Export Highlights
In commercial vehicles, Mahindra sold 23,917 units in January, while exports surged by 95% YoY to 3,404 units. The company’s focus on expanding global reach and strategic product launches contributed to this export growth.
Electric Segment Boost
With the launch of electric SUVs generating positive interest, bookings are set to begin on February 14, 2025, further supporting the company’s growth momentum in the clean mobility space.
Key Takeaways
- SUV sales: 50,659 units (18% YoY growth)
- Total vehicles: 85,432 units (16% YoY growth)
- Tractors: 26,305 units (15% YoY growth)
- Exports: 3,404 units (95% YoY growth)
Disclaimer: The information provided is for informational purposes only and should not be considered investment advice. Please consult financial experts before making any investment decisions.
