Mahindra & Mahindra (M&M) shares surged over 2% in early trading on Monday after the automaker reported a stellar performance in October 2025, marking a record-breaking month for its SUV segment. The company achieved its highest-ever monthly sales, reflecting strong demand across key vehicle categories.
In October 2025, M&M sold a total of 1,20,142 vehicles, up 26% year-on-year, including exports. The company’s Utility Vehicle (SUV) segment stood out, with domestic sales of 71,624 units, registering an impressive 31% growth compared to October 2024. Overall SUV sales, including exports, touched 73,890 units, making it the best-ever monthly figure in the company’s history.
The Commercial Vehicle segment also delivered a solid performance, with domestic sales of 31,741 units, a 14% increase from last year. Meanwhile, export volumes rose 15% YoY to 4,015 units, underscoring M&M’s growing international footprint.
Segment-wise Domestic Sales – October 2025:
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Utility Vehicles: 71,624 units (up 31%)
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LCV < 2T: 4,559 units (up 16%)
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LCV 2T–3.5T: 27,182 units (up 14%)
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3-Wheelers (including electric): 12,762 units (up 30%)
For the financial year-to-date (April–October 2025), Mahindra’s Utility Vehicle sales climbed 17% to 3,69,194 units, while 3-wheeler sales surged 32% to 66,340 units.
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