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Hans India
2 days ago
- Automotive
- Hans India
Mahindra and Mahindra clocks 17 pc growth in auto sales in May 2025
Mahindra and Mahindra on Sunday reported a solid performance in May 2025, with overall auto sales reaching 84,110 units -- a 17 per cent increase compared to May 2024. The figure includes both domestic and export markets, highlighting the company's continued momentum across product segments. The SUV segment played a major role in this growth. Mahindra sold 52,431 SUVs in the domestic market in May, marking a strong 21 per cent year-on-year (YoY) rise. Including exports, total SUV sales stood at 54,819 units, showcasing the popularity of Mahindra's utility vehicles both in India and abroad. Year-to-date (YTD) numbers further underscore Mahindra's growth story. The company has seen a 24 per cent rise in UV sales, reaching 104,761 units, along with a 55 per cent jump in exports compared to the same period last year. Mahindra's Automotive Division CEO Nalinikanth Gollagunta said: "In May, we achieved SUV sales of 52,431 units, a growth of 21 per cent, and total vehicle sales of 84,110 units, a 17 per cent 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," he added. Mahindra's commercial vehicle segment also performed well. Sales of Light Commercial Vehicles in the 2–3.5 tonne category rose 14 per cent YoY to 17,718 units. The company's three-wheeler segment, including electric variants, saw an 11 per cent growth, reaching 6,635 units sold in May. Exports also contributed significantly to the overall performance. Mahindra shipped 3,652 vehicles in May 2025, registering a sharp 37 per cent increase from the same month last year. Mahindra's product lineup includes a strong mix of internal combustion engine (ICE) models such as the XUV 3XO, Bolero, Bolero Neo, Thar, Thar Roxx, XUV700, Scorpio Classic, and Scorpio-N. On the electric side, Mahindra offers the BE 6 and XEV 9e SUVs, reflecting the company's commitment to electric mobility.
India Today
2 days ago
- Automotive
- India Today
Mahindra records 21% surge in SUV sales in May 2025, overall sales up 17%
Mahindra and Mahindra reported a robust performance in May 2025 with overall auto sales reaching 84,110 units, marking a 17% year-on-year growth. This includes domestic and export company's SUV segment led the charge, selling 52,431 units in the domestic market—a notable 21% increase compared to May 2024. Total SUV sales, including exports, stood at 54,819 year-to-date figures further underscore its momentum, with a 24% increase in UV sales (104,761 units sold) and a 55% jump in exports compared to May 2024. advertisement '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,' said Nalinikanth Gollagunta, CEO of Mahindra's Automotive Division. 'Thanks to continued demand for our products, we were able to deliver industry-leading growth across our ICE and BEV portfolio.'Commercial vehicle sales also remained steady, with the Light Commercial Vehicle (2–3.5T) segment growing 14% year-on-year to 17,718 units. Sales of three-wheelers, including electric models, increased by 11%, totalling 6,635 for the month saw a sharp 37% jump to 3,652 internal combustion engine (ICE) portfolio consists of the XUV 3XO, Bolero and Bolero Neo, Thar, Thar Roxx, XUV 700, Scorpio Classic and Scorpio-N. On the other hand, Mahindra sells the BE 6 and the XEV 9e electric strong demand across both internal combustion and electric vehicle segments, Mahindra continues to maintain its momentum in the competitive Indian automotive to Auto Today Magazine
Time of India
4 days ago
- Automotive
- Time of India
Indian auto sales trends for May 2025: PV and M&HCV segments may face hurdles
Indian automakers are expected to release May 2025 sales data on June 1, with early estimates indicating continued sluggishness in key segments, though two-wheelers and tractors may offer some support. Passenger vehicle and medium and heavy commercial vehicle categories appear to be facing pressure, while a looming production risk stemming from China's export restrictions on rare earth magnets, essential for both electric and internal combustion engine components, has been flagged by analysts at Nomura to Business Standard. Despite these challenges, analysts maintain a cautiously optimistic outlook for certain segments, anticipating growth driven by factors such as rural demand, infrastructure development, and replacement needs. Passenger vehicles demand to face a downhill? Passenger vehicle sales in India experienced a slowdown in May 2025. Wholesales are estimated to have dipped by 1 per cent YoY, reaching approximately 344,000 units. Retail demand remained weak, declining by 8 per cent YoY, despite expectations of support from easing interest rates and lower income taxes. This decline in retail performance has led to an increase in dealer-level inventory. Analysts suggest that a meaningful recovery in passenger vehicle demand is likely to occur only in the second half of calendar year 2025. An emerging concern for the industry is the potential for production disruptions starting in June. This is due to China's restrictions on the export of rare earth magnets. These magnets are critical for both electric vehicles and internal combustion engine vehicles. They are used in essential components such as sensors, steering systems, and motors. Nevertheless, analysts continue to maintain a 5 per cent YoY growth forecast for the passenger vehicle industry in fiscal year 2026. This forecast is based on expectations of demand normalization and minimal production impact. Maruti Suzuki's domestic passenger vehicle wholesales, excluding OE and LCV, are projected to fall about 5 per cent YoY to 137,000 units. This is partially supported by channel filling. Mahindra & Mahindra is likely to see a 13 per cent YoY increase in utility vehicle volumes, reaching approximately 49,000 units. This growth is backed by robust demand for new models including the BE 6, XEV 9e, Thar ROXX, and XUV 3XO. Its electric SUVs saw encouraging traction, with around 30,000 bookings on the first day. The company has further outlined plans to launch seven ICE SUVs, five BEVs, and five LCVs by 2030, with several new models expected in FY26. Tata Motors' passenger vehicle sales are estimated to grow about 1.5 per cent YoY to 46,000 units. Hyundai Motor India may see domestic sales decline around 8 per cent YoY to 45,000 units. A steady path for two-wheelers The two-wheeler segment showed modest growth in May 2025. Wholesales are likely up by 2 per cent YoY. Retail performance was stronger, with a 6 per cent increase over the same period. This was supported by strong rural sentiment and seasonal demand driven by weddings. The outlook for the segment remains positive. Analysts are forecasting volume growth of 7.0 per cent in FY26 and 6.5 per cent in FY27. Bajaj Auto is expected to post a 13 per cent YoY increase in total sales to around 402,000 units. This is driven by strong export growth in both 2W and 3W segments and a 6 per cent uptick in domestic 2W demand. However, weak domestic 3W sales, estimated to fall by 5 per cent to 35,000 units, could partially offset gains. The company continues to benefit from its growing EV portfolio, supported by affordable product offerings, expanding distribution, and improving export conditions. TVS Motor is projected to post overall growth of 19 per cent YoY. Domestic volumes are expected to rise 22 per cent, and exports are increasing 9 per cent. Hero MotoCorp's volumes are expected to remain flat YoY at around 500,000 units. Royal Enfield is set to post a robust 21 per cent increase in volumes to approximately 86,000 units. M&HCV to face hurdles The medium and heavy commercial vehicle segment continued to face headwinds in May. Wholesales are expected to decline by 5 per cent YoY, and retail sales are down by 3 per cent. Although freight rates remained stable, weak near-term demand has weighed on overall segment performance. Analysts, however, remain cautiously optimistic. They expect the MHCV industry to grow at 5 per cent annually over FY26 and FY27, supported by replacement demand and anticipated improvement in infrastructure and capital expenditure. Short-term recovery in demand will depend on the pace of infrastructure investments and project execution. Ashok Leyland's wholesale volumes are likely to fall 8 per cent YoY. Tata Motors' MHCV volumes may decline about 4 per cent. Despite the current softness, analysts believe there is potential for margin improvement among original equipment manufacturers if broader economic activity picks up in the coming quarters. In contrast, the tractor segment is expected to report robust growth. Wholesales are up 11 per cent YoY in May 2025.
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Business Standard
4 days ago
- Automotive
- Business Standard
May 2025 auto sales preview: Nomura expects tepid volumes amid supply risks
May auto sales preview: Indian automakers are likely to announce May 2025 auto sales data on June 1, and early estimates suggest continued sluggishness in volume trends across key segments. While two-wheelers and tractors may provide some cushion, analysts said passenger vehicle (PV) and medium and heavy commercial vehicle (MHCV) categories appear to be under pressure. Analysts at Nomura also flagged a looming production risk starting June, stemming from China's export restrictions on rare earth magnets—used across both electric vehicle (EV) and internal combustion engine (ICE) components. PVs: Demand softens, inventory rises Passenger vehicle (PV) sales in India saw a slowdown in May 2025, with wholesales estimated to dip by 1 per cent year-on-year (Y-o-Y) to around 344,000 units. Despite expectations of support from easing interest rates and lower income taxes, retail demand remained weak, declining by 8 per cent Y-o-Y. The decline in retail performance has contributed to an increase in dealer-level inventory. Analysts suggest that any meaningful recovery in PV demand is likely to take shape only in the second half of calendar year 2025. An emerging concern for the industry is the risk of production disruptions from June onwards due to China's restrictions on the export of rare earth magnets. These magnets are critical not only for electric vehicles (EVs) but also for internal combustion engine (ICE) vehicles, as they are used in various essential components such as sensors, steering systems, and motors. Nevertheless, analysts continue to maintain a 5 per cent Y-o-Y growth forecast for the PV industry in FY26, banking on demand normalisation and minimal production impact. Among key players, Maruti Suzuki's domestic PV wholesales (excluding OE and LCV) are projected to fall about 5 per cent year-on-year to 137,000 units, supported partially by channel filling. Mahindra & Mahindra is likely to see a 13 per cent Y-o-Y increase in utility vehicle (UV) volumes to approximately 49,000 units, backed by robust demand for new models including the BE 6, XEV 9e, Thar ROXX, and XUV 3XO. Its electric SUVs saw encouraging traction, with around 30,000 bookings on the first day. The company has further outlined plans to launch seven ICE SUVs, five BEVs, and five LCVs by 2030, with several new models expected in FY26. Tata Motors' PV sales are estimated to grow about 1.5 per cent Y-o-Y to 46,000 units, while Hyundai Motor India may see domestic sales decline around 8 per cent Y-o-Y to 45,000 units. The two-wheeler (2W) segment showed modest growth in May 2025, with wholesales likely up by 2 per cent Y-o-Y. Retail performance was stronger, with a 6 per cent increase over the same period, supported by strong rural sentiment and seasonal demand driven by weddings. The outlook for the segment remains positive, with analysts forecasting volume growth of 7.0 per cent in FY26 and 6.5 per cent in FY27. Bajaj Auto is expected to post a 13 per cent Y-o-Y increase in total sales to around 402,000 units, driven by strong export growth in both 2W and 3W segments and a 6 per cent uptick in domestic 2W demand. However, weak domestic 3W sales, estimated to fall by 5 per cent to 35,000 units, could partially offset gains. The company continues to benefit from its growing EV portfolio, supported by affordable product offerings, expanding distribution, and improving export conditions. TVS Motor is projected to post overall growth of 19 per cent Y-o-Y, with domestic volumes rising 22 per cent and exports increasing 9 per cent. Hero MotoCorp's volumes are expected to remain flat Y-o-Y at around 500,000 units. Meanwhile, Royal Enfield is set to post a robust 21 per cent increase in volumes to approximately 86,000 units. MHCVs: Demand remains subdued The medium and heavy commercial vehicle (MHCV) segment continued to face headwinds in May, with wholesales expected to decline by 5 per cent Y-o-Y and retail sales down by 3 per cent. Although freight rates remained stable, weak near-term demand has weighed on overall segment performance. Analysts, however, remain cautiously optimistic and expect the MHCV industry to grow at 5 per cent annually over FY26 and FY27, supported by replacement demand and anticipated improvement in infrastructure and capital expenditure. Short-term recovery in demand will depend on the pace of infrastructure investments and project execution. On the company front, Ashok Leyland's wholesale volumes are likely to fall 8 per cent Y-o-Y, while Tata Motors' MHCV volumes may decline about 4 per cent. Despite the current softness, analysts believe there is potential for margin improvement among original equipment manufacturers if broader economic activity picks up in the coming quarters. Tractors: Strong momentum intact In contrast, the tractor segment is expected to report robust growth, with wholesales up 11 per cent Y-o-Y in May 2025. Positive triggers such as better crop prices and healthy reservoir levels continue to drive demand. Nomura retains its 5 per cent growth forecast for the tractor industry in FY25F and FY26F. Steel prices to edge higher Nomura's Commodity Cost Index remains largely stable for now. However, in the near term, steel prices could see a modest increase of ₹3–4/kg due to the imposition of a safeguard duty, which may add to cost pressures for OEMs in the coming quarters.
India Today
15-05-2025
- Automotive
- India Today
Mahindra's drive from strength to strength as SUV segment booms
Amid a robust demand for its sport utility vehicles (SUVs), homegrown auto major Mahindra & Mahindra ended FY25 with record domestic volumes of over 5,50,000 units. The company began FY26 on a handsome note, selling more than 50,000 units in April. With the SUV segment flourishing at a time when the XUV700-maker has announced further capacity expansion, the future seems bright for the company, according to sector registered its highest-ever passenger vehicle (PV) volumes at 5,51,487 units in FY25, logging a growth of 19.92% over 4,59,877 units sold in FY24. In April FY26, the company emerged as the second-largest carmaker in the domestic market, beating the likes of Hyundai Motor India and Tata Motors, as sales rose 27.61% to 52,330 units from 41,008 units in the year-ago Domestic PV SalesFY25FY24Growth5,51,487 units4,59,877 units19.92%Source - SIAMApril FY26April FY25Growth52,330 units41,008 units27.61% Source - SIAMMahindra sells SUVs like the Bolero, Bolero Neo, XUV 3XO, Thar, Thar Roxx, Scorpio Classic, Scorpio-N and XUV700. While all these are internal combustion engine (ICE) models, the company's battery electric vehicle (BEV) portfolio includes the XUV400, BE 6 and XEV FY25, the Scorpio brand, including Classic and N, was the company's volume driver at 1,64,216 units, followed by the XUV 3XO at 1,00,921 units and the XUV700 at 93,082 SUV segment's share in the PV market rose from 50.49% in FY24 to 54.34% in FY25. A sector analyst told India Today that the SUV contribution might grow further as consumer preference shifts towards larger about Mahindra SUVs, another sector analyst observed that consumers like them not only for their commanding road presence but also for their feature-rich interiors. Models like the XUV700, Thar Roxx, and Scorpio-N look masculine and offer a range of bells and whistles and powertrain options, he said, adding that impressive volumes have also been aided by attractive discounts in the recent regular capacity expansion by Mahindra has also allowed it to bring down the waiting period on its SUVs. For reference, the company ended FY23 with a monthly SUV production capacity of 39,000 units. In FY25, the capacity increased to 54,000 units for SUVs and 7,500 units for BEVs, cumulatively being at 61,500 FY26, Mahindra will enhance the SUV capacity to 57,000 units a month (addition of 3,000 units) and the BEV capacity to 12,000 units a month (addition of 4,500 units), cumulatively taking the capacity to 69,000 units a to Auto Today MagazineMust Watch
