Mahindra & Mahindra Limited — Important, 01-07-2025: Monthly Business Updates

Mahindra & Mahindra Ltd. reported 78,969 vehicle sales in June, up 14% YoY. Utility Vehicles grew 18% domestically with 47,306 units sold, pushing the highest-ever quarterly SUV sales. Commercial Vehicles saw mixed trends: LCV <2T declined 20%, while 2T-3.5T and >3.5T grew 4% and 1%, respectively. Electric 3-wheelers surged 37%. Exports increased 1%. In tractors, domestic sales rose 13% to 51,769 units, supported by strong Rabi crop cash flow and favorable monsoon, with total tractor sales up 13% including exports. Management expects sustained demand amid record foodgrain production and government initiatives.