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M&M total sales jumps 37% to 1.06 lakh units in June
Mahindra & Mahindra witnessed a robust 37% surge in total sales for June, reaching 1,06,207 units. Domestic SUV sales climbed 28%, while commercial vehicle sales saw a 35% increase. The Farm Equipment Business also reported a 12% rise in tractor sales, with domestic figures showing similar growth. Exports for tractors also experienced an 8% uptick.
June Auto Sales Updates: Escorts Kubota sales grow 19%; M&M says early to assess El Nino impact
The management of M&M's farm equipment division said that while it is early to assess the impact of the emerging El Nino conditions, strong government interventions like fertilizer subsidies, targeted support measures at the local level could mitigate some of the risks to farmers and cushion its impact to the Kharif season.
Interarch Building Solutions bags ₹165 crore order; June order wins reach ₹375 crore
Interarch said it has secured new orders worth approximately ₹375 crore during June 2026, including the ₹165-crore contract from the energy sector in Vadodara, along with projects from the hydrocarbon, farm equipment, electrical products, renewable energy and data centre industries.
Car sales sail smooth despite war woes; Auto cos log double-digit growth on Maruti, TaMo surge; two-wheeler & CVs also in fast lane
Indian car sales surged significantly in May. Maruti Suzuki and Tata Motors reported robust growth. Two-wheeler sales also saw double-digit increases. Despite global challenges, consumer demand remained strong. This positive trend extended to utility vehicles and electric vehicles. Farm equipment sales also performed well. The automotive sector shows resilience and continued momentum.
Mahindra & Mahindra reports 23% growth in domestic tractor sales at 47,845 units in May
Mahindra & Mahindra's farm equipment division saw strong domestic tractor sales in May. The company sold 47,845 units, marking a significant 23 percent increase compared to the previous year. This growth was fueled by successful Rabi harvesting and favorable farmer conditions. Exports also contributed positively, with 1,850 tractors sold, showing a 7 percent rise. Overall tractor sales reached 49,695 units.
M&M profit surges 42%, but auto margins remain flat
Mahindra & Mahindra reported a strong 42% jump in net profit for the fiscal fourth quarter. Growth was seen across its automotive, farm equipment, and services sectors. Revenue also climbed significantly. Despite challenges like supply chain disruptions, the company's diversified portfolio helped achieve this breakthrough performance. The company's EV arm leads the eSUV market by revenue.
Mahindra & Mahindra surges on strong Q4 show, auto segment leads the charge
Mahindra & Mahindra shares rose on better-than-expected March quarter results, driven by strong farm equipment market share and automotive segment gains. While automotive demand is expected to continue, tractor volume growth may moderate due to a high base and anticipated weaker monsoon. Input cost pressures led to a sequential drop in Ebitda margin, despite price hikes.
Mitsubishi Mahindra Agricultural Machinery to exit farm equipment business
Mahindra & Mahindra's associate, Mitsubishi Mahindra Agricultural Machinery Co, is exiting the farm equipment sector. This move follows years of losses and a strategic review. The company will stop production and sales by the first half of FY27. Spare parts and warranty services will continue to support existing customers.
Mahindra to exit Japanese farm equipment business JV with Mitsubishi
Mitsubishi Mahindra Agricultural Machinery will exit the farm machinery sector. The joint venture plans to cease production and sales by early 2027. This decision comes after a review of market conditions and long-term viability. The company will continue supplying spare parts and honouring warranties. Affected employees will receive re-employment support.