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Mahindra & Mahindra September Production Jumps 19% And Sales Climb 16%
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CNBC TV18•09-10-2026, 20:19
Mahindra & Mahindra September Production Jumps 19% And Sales Climb 16%
- •Mahindra & Mahindra reported a 19.23% year-on-year increase in total production to 1.22 lakh units in September.
- •Total sales grew by 16.33% to reach 1.14 lakh units compared to the previous year, while exports rose by 9.24%.
- •The company maintains its growth outlook for SUVs at mid-to-high teens and light commercial vehicles at high single digits.
- •Tractor industry growth is expected to moderate to around 5% for the full financial year due to a higher base and delayed monsoon conditions.
- •M&M shares closed 1.48% higher at ₹2,792 on the NSE following the positive business updates.
Key Questions Answered
Mahindra & Mahindra's total production rose 19.23% year-on-year to 1.22 lakh units in September, while total sales increased 16.33% to 1.14 lakh units.
The company remains on track to meet its earlier growth expectations, targeting mid-to-high teens growth for SUVs and high single digits, close to 9-10%, for light commercial vehicles.
Shares of Mahindra & Mahindra closed 1.48% higher at ₹2,792 on the NSE on October 9, gaining ₹40.80 from the previous close.
