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Business Standard
2 days ago
- Automotive
- Business Standard
M&M gains as total sales rises 17% YoY to 84,110 units in May'25
Mahindra & Mahindra added 1.55% to Rs 3,024.55 after its overall auto sales grew by 17.33% to 84,110 vehicles sold in May 2025 as against 71,682 vehicles sold in May 2024. On a month-on-month basis, Mahindra & Mahindras (M&M) total auto sales declined 2.11% in May 2025 compared to 85,925 units sold in April 2025. In the utility vehicles segment, the company sold 52,431 vehicles in the domestic market, registering a growth of 21% YoY and overall, 54,819 vehicles, including exports. The company sold 21,392 units of commercial vehicles (LCV+MHCV) in May 2025, down 46.05% from 39,652 units sold in May 2024. Three-wheelers (including electric 3Ws) sales grew 11% YoY to 6,635 units in May 2025. Total exports for the month stood at 3,652 vehicles, registering a growth of 37% on YoY basis. Nalinikanth Gollagunta, CEO, Automotive Division, M&M, In May, we achieved SUV sales of 52,431 units, a growth of 21%, and total vehicle sales of 84,110 units, a 17% growth compared to the same month last year. Thanks to continued demand for our products, we were able to deliver industry-leading growth across our ICE and BEV portfolio. Further, the company's Farm Equipment Sector (FES) announced that its total tractor sales (domestic + exports) during May 2025 were at 40,643 units, up 9.52% from 37,109 units in May 2024. Domestic tractor sales grew by 10.43% to 38,914 units in May 2025, compared to 35,237 units sold in May 2024. Tractor exports fell 8% to 1,729 units in May 2025, compared to 1,872 units during the same period last year. Veejay Nakra, President Farm Equipment Business, Mahindra & Mahindra, said, We have sold 38914 tractors in the domestic market during May25, a growth of 10% over last year. Early advancement of above normal Southwest monsoon should bode well for kharif sowing. Land preparation activities are progressing well for paddy sowing. Approval of hike in MSP for Paddy and other kharif crops will bring positive sentiments among farmers. Better reservoir levels, Government announcement of record foodgrain production and introduction of various schemes will help farmers aim higher productivity going forward and in turn augur well for tractor demand. In the exports market, we have sold 1729 tractors. M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The auto major's standalone net profit surged 21.85% to Rs 2,437.14 crore in Q4 FY25 as against Rs 2,000.07 crore recorded in Q4 FY24. Revenue from operations increased 24.50% year on year (YoY) to Rs 31,353.40 crore in the quarter ended 31 March 2025.
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Business Standard
3 days ago
- Automotive
- Business Standard
Mahindra & Mahindra's vehicle sales rise 17% to 84,110 units in May
Mahindra & Mahindra on Sunday reported a 17 per cent year-on-year increase in total sales at 84,110 units in May. In the utility vehicles segment, the Mumbai-based automaker sold 52,431 vehicles in the domestic market, a growth of 21 per cent, as compared to 43,218 units in May last year. "Thanks to continued demand for our products, we were able to deliver industry-leading growth across our ICE and BEV portfolio," Mahindra & Mahindra (M&M) CEO Automotive Division Nalinikanth Gollagunta said. The company said its tractor sales in the domestic market stood at 38,914 units last month, as against 35,237 units in May 2024. Total tractor sales (domestic and exports) last month were at 40,643 units, as against 37,109 units for the same period last year. Early advancement of above-normal Southwest monsoon should bode well for kharif sowing, M&M President - Farm Equipment Business Veejay Nakra said. "Approval of hike in MSP for Paddy and other kharif crops will bring positive sentiments among farmers. Better reservoir levels, government announcement of record foodgrain production and introduction of various schemes will help farmers aim higher productivity going forward and in turn augur well for tractor demand," he added.
Hindustan Times
02-05-2025
- Automotive
- Hindustan Times
Mahindra sales grow by 28%, sells 52,330 SUVs
The price range of the Mahindra XUV 3XO is one of the widest in the segment with the top version nearly double than the base version. Mahindra and Mahindra has announced that they have sold 52,330 SUVs which is a growth of 28 per cent. The total volumes stood at 84,170 units with a growth of 19 per cent in April 2025, including exports. In the Utility Vehicles segment, Mahindra sold 52,330 vehicles in the domestic market, a growth of 28 per cent and overall, 54,860 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 22,989 units. According to Veejay Nakra, President, Automotive Division, M&M Ltd., 'Building on the strong momentum of last year's performance, we began the year on a strong note in April by achieving SUV sales of 52330 units, a growth of 28 per cent and total vehicle sales of 84,170 units, a 19 per cent growth over the same month last year. These numbers indicate the strength of our portfolio and customer offerings." The Utility Vehicles category was the primary driver of this positive performance, with sales reaching 52,330 units in April F26, up 28 per cent from the 41,008 units sold in the same period last year. The overall Passenger Vehicles segment, which appears to be solely comprised of Utility Vehicles based on the provided data, also registered a 28 per cent growth, mirroring the SUV sales figures. The Light Commercial Vehicle (LCV) segment showed a mixed performance. The LCVs < 2T experienced a notable decline of 21 per cent, with sales decreasing from 3,372 units in F25 to 2,652 units in F26. LCVs 2T - 3.5T demonstrated positive growth of 9 per cent, increasing from 17,638 units in F25 to 19,141 units in F26. LCVs > 3.5T + MHCV also showed an increase of 10 per cent, with sales rising from 1,092 units in F25 to 1,196 units in F26. The 3W (Three-Wheeler) segment saw a slight decrease of 1 per cent, with sales dropping from 5,504 units in F25 to 5,470 units in F26. Total exports witnessed substantial growth, increasing by an impressive 82 per cent from 1,857 units in April F25 to 3,381 units in April F26. Also Read : Mahindra achieves record sales in FY25, driven by Thar Roxx, Scorpio N and XUV700 Mahindra becomes fastest-growing car brand in South Africa Mahindra has established itself as the fastest-growing automotive brand in South Africa, experiencing an impressive 40 percent rise in monthly sales over the past year. In March, the Indian automaker achieved a new sales milestone by selling 2,253 units, marking the first time it exceeded the 2,000 sales mark and significantly surpassing its previous record of 1,613 registrations. Furthermore, Mahindra set an annual sales record of 15,088 vehicles for the financial year concluding in March 2025. During this record-breaking period, Mahindra surpassed all its self-imposed objectives. For instance, in March, it achieved the highest monthly sales of SUVs at 1,000 units, the greatest number of bakkies sold in a single month at 1,256 units, and the highest delivery of Scorpio-N SUVs in one month at 145 units. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 02 May 2025, 16:22 PM IST
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Business Standard
01-05-2025
- Automotive
- Business Standard
Domestic PV wholesales rose by 4.4% to around 353,000 units in April
Domestic passenger vehicle (PV) wholesales by Indian automakers rose 4.4 per cent year-on-year (Y-o-Y) to around 353,000 units in April, driven by robust SUV sales and sustained rural demand, industry sources told Business Standard. Mahindra & Mahindra (M&M) emerged as the second-largest carmaker in terms of domestic PV wholesales in the month, overtaking Hyundai and Tata Motors, which had ranked ahead of it in March. M&M sold 52,330 units in the domestic market during April, marking a robust 27.6 per cent Y-o-Y growth. Veejay Nakra, president of the Automotive Division at M&M, said the strong performance in April was driven by the "strong momentum" carried over from last year. M&M's portfolio consists exclusively of SUVs. Hyundai Motor India's (HMIL's) domestic PV wholesales declined 11.6 per cent Y-o-Y to 44,374 units in the month under review. Tata Motors also saw a drop, with domestic PV wholesales falling 5.6 per cent Y-o-Y to 45,199 units during the month. Tarun Garg, chief operating officer (COO), HMIL, said the domestic market "continues to face headwinds on account of various macro-economic factors" and the company continues to strongly focus on exports. This has resulted in a robust 21.5 per cent Y-o-Y growth in export volumes to 16,400 units in April, he noted. "Overall, we remain dedicated to enhancing value for our customers as we gear up to commence operations at our new plant at Talegaon in the fourth quarter of this calendar year (Q4CY25),' he added. The domestic wholesales of Maruti Suzuki India (MSIL), India's largest carmaker, increased by just 0.5 per cent Y-o-Y to 138,704 units in April. Partho Banerjee, senior executive officer, Marketing and Sales, MSIL, said that despite a challenging market environment and no new model launches, the company managed to "maintain" its sales performance in April. Like M&M, Toyota Kirloskar Motor (TKM) also saw a sizable jump in its April sales. Domestic sales of TKM stood at 24,833 units, recording a 32.8 per cent Y-o-Y growth. TKM stated that it was able to sustain its growth momentum despite a maintenance shutdown between April 21 and 25, undertaken for the upkeep of machinery and equipment to maintain operational efficiency, productivity, and safety. Its SUVs such as Urban Cruiser Hyryder are popular in the Indian market. The domestic wholesales of Kia India increased by 18.3 per cent Y-o-Y to 23,623 units in April. Hardeep Singh Brar, head of Sales and Marketing at Kia India, said: "We are pleased by the strong start to 2025, underscored by the enduring success of the Sonet and the positive market response for the new Syros. This performance reaffirms the growing trust our customers place in Kia's product excellence and brand promise."
The Hindu
01-05-2025
- Automotive
- The Hindu
Maruti, Mahindra sustain sales momentum in April amid tough market environment
Amid challenging market environment, Maruti Suzuki India and Mahindra & Mahindra reported an increase in vehicle dispatches to dealers last month while Tata Motors and Hyundai saw a year-on-year drop in sales. Interestingly, Mahindra & Mahindra and Tata Motors moved up the ladder to the second and third positions, respectively, last month in the domestic passenger vehicle segment while pushing long-time number two player, Hyundai Motor India to the fourth position. Market leader Maruti Suzuki India reported a 1% year-on-year increase in total domestic dispatches (including PVs and LCV Super Carry) last month at 1,42,053 units. Its total domestic passenger vehicle sales rose marginally to 1,38,704 units compared to 1,37,952 units in the year-ago month. Sales of mini segment cars, comprising Alto and S-Presso, dropped to 6,332 units against 11,519 units in April last year. Dispatches of compact cars, including Baleno, Celerio, Dzire, Ignis, Swift and WagonR, however, rose to 61,591 units from 56,953 units a year ago. Utility vehicles, consisting of Brezza, Ertiga, Grand Vitara and XL6, clocked sales of 59,022 units last month compared to 56,553 units earlier. "Despite a challenging market environment and no new model launches, we have managed to maintain our performance, with wholesales of around 1.42 lakh units, which is better than April 2024," MSI Senior Executive Officer (Marketing & Sales) Partho Banerjee stated. Retail sales have also kept pace, reaching around 1.44 lakh units, he added. Mahindra & Mahindra (M&M) said its utility vehicle sales surged 28% to 52,330 units in the domestic market last month against 41,008 units in the year-ago period. "Building on the strong momentum of last year's performance, we began the year on a strong note in April by achieving SUV sales of 52,330 units, a growth of 28% and total vehicle sales of 84,170 units, a 19% growth over the same month last year. These numbers indicate the strength of our portfolio and customer offerings," M&M Ltd President - Automotive Division, Veejay Nakra said. Tata Motors reported a 6% dip in its passenger vehicle sales, including EVs, in the domestic market at 45,199 units against 47,883 units in the corresponding month last year. Hyundai said its dispatches to dealers in the domestic market stood at 44,374 units in April, a dip of 12%, as compared with 50,201 units in the year-ago period. "While the domestic market continues to face headwinds on account of various macroeconomic factors, we continue to champion 'Make in India, Made for the World', emphasising the company's strong focus on exports," Hyundai Motor India COO Tarun Garg said. Kia India reported an 18% on-year increase in domestic wholesales to 23,623 units in April against 19,968 units to dealers in April 2024. "As we look ahead, our unwavering focus remains on delivering progressive, customer-centric mobility solutions that resonate with evolving aspirations," Kia India Senior VP and Head of Sales and Marketing Hardeep Singh Brar said. Toyota Kirloskar Motor said its sales increased 33% year-on-year to 27,324 units in April. "Our multi-pathway approach, which provides diverse technology options, has enabled us to respond positively to shifting customer needs and has ensured strong demand across our line-up," Varinder Wadhwa, Vice President for Sales-Service-Used Car Business, said. JSW MG Motor India said its sales increased 23% year-on-year to 5,829 units in April. The automaker dispatched 4,725 units to dealers in April last year. In the two-wheelers space, TVS Motor Company reported a 7% on-year growth in sales at 3,23,647 units in April.
