Latest news with #post-Rabi
Business Upturn
01-08-2025
- Automotive
- Business Upturn
Mahindra July sales: Domestic SUV sales up 20%, commercial and export volumes surge
Mahindra reports 26% growth in July; strong domestic SUV, commercial vehicle, and export sales. By News Desk Published on August 1, 2025, 10:08 IST Mahindra & Mahindra Ltd. announced strong performance across both its automotive and farm equipment businesses for the month of July 2025, driven by robust demand for SUVs, commercial vehicles, and tractors. Auto segment highlights Mahindra's total auto sales for July 2025 stood at 83,691 units, marking a 26% year-on-year growth, including exports. In the Utility Vehicles (SUV) category, domestic sales touched 49,871 units, up 20% from July 2024. Overall UV sales, including exports, were 50,835 units. The growth was attributed to the successful launch of the XUV 3XO 'REVX' series and the commencement of deliveries for Pack 2 variants of the BE 6 and XUV 9E models. In the commercial vehicle space: LCV 2–3.5T segment grew 12% YoY to 17,701 units. LCV >3.5T and MHCV segments saw a 20% rise, with 1,107 units sold. Three-wheeler sales, including electric variants, jumped 164% to 9,475 units. Total exports increased by 83% to 2,774 units in July. Farm equipment business Mahindra's Farm Equipment Business (FEB) also posted steady gains. In July 2025, the company sold 26,990 tractors in the domestic market, up 5% from the same period last year. Total tractor sales, including exports, reached 28,708 units, a 6% YoY growth. Exports rose to 1,718 units, up 6% from July 2024. According to the company, sustained land preparation activity, favorable rural cash flows post-Rabi harvest, and a well-progressing monsoon supported tractor demand, especially ahead of the Kharif sowing season. Year-to-date performance (April–July FY26) Auto – UV segment: 2,01,938 units sold domestically (22% growth) FEB – Domestic: 1,56,189 tractors sold (10% growth) FEB – Total (incl. exports): 1,62,797 units sold (9% growth) Mahindra continues to hold leadership positions in both the SUV and tractor markets and is investing in advanced mobility, electric platforms, and last-mile connectivity solutions through its subsidiaries. Ahmedabad Plane Crash News desk at
&w=3840&q=100)
Business Standard
05-05-2025
- Automotive
- Business Standard
Auto retail sales rise 3% in April after two months of decline: Fada
Automobile retail sales witnessed a 3 per cent rise to 2.28 million units in April this year, up from 2.22 million units in April 2024. This came on the back of rising demand due to festivals across states, according to a report by the Federation of Automotive Dealers Associations (FADA) released on Monday. All categories, except commercial vehicles (CV), closed in the green, with two-wheelers, three-wheelers, passenger vehicles, and tractors up 2.25 per cent, 24.5 per cent, 1.5 per cent, and 7.5 per cent, respectively. However, CVs saw a 1.05 per cent year-on-year decline following OEM-led price increases against stagnant freight rates and fleet utilisation. This comes after overall automobile retail sales declined for the second consecutive month (0.7 per cent) in March. The fall was attributed to a 2 per cent slide in two-wheeler sales, a 6 per cent drop in three-wheeler sales, and a 6 per cent decline in tractor sales. Dealers indicate that advance purchases in March resulted in elevated carryover stocks, while holiday calendars dampened fresh enquiries and delayed conversions — particularly in the small commercial vehicle (SCV) cargo category, where price and product gaps have weighed heavily. "In addition to the festivals, pause on the tariff war and sharp pullback by stock markets also helped in the recovery of sales in April," said C. S. Vigneshwar, president, FADA. In the PV segment, Maruti Suzuki led the surge with 138,021 units with a 39.4 per cent market share. On the other hand, Mahindra & Mahindra came in second (14 per cent), followed by Tata Motors (13 per cent), and Hyundai Motor (12.5 per cent). 'This reflects a discount-led market and elevated inventories—approximately a 50-day supply—amid cautious consumer sentiment that tempered enquiry-to-sale conversions,' he said. "Sustained SUV demand underpinned volumes even as entry-level customers remained cautious, underscoring the need for OEMs to recalibrate production and reduce stock levels to mitigate deeper discounts and carrying costs at dealerships," he added. The rise in two-wheelers was attributed to buoyant enquiry growth in rural areas post-Rabi harvest, driven by strong crop yields, healthy reservoir levels, and a favourable monsoon outlook, while wedding-season tailwinds sustained rural offtake. FADA expects improved numbers going ahead, as May's agricultural cycle is concluding on a strong note. 'The IMD's forecast of an above-normal southwest monsoon bodes well for rural incomes, farm-sector growth, and downstream demand, while a well-distributed rainy season is critical to containing food inflation. At the same time, Kantar's Rural Barometer and GroupM data signal heightened consumer selectivity in rural India—household spending has outpaced income growth, and inflationary pressures are tempering discretionary purchases,' Vigneshwar said.
