M&M posts record October vehicle sales, up 9% year on year
Mahindra & Mahindra reported record October sales, with total volume up 9% and exports rising 77%, according to Moody's.
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what happened
Mahindra & Mahindra Ltd said on Sunday that its total vehicle sales rose 9% year on year to a record 13,1109 units in October. Exports climbed 77% to 7,102 units. Moody's reported the figures, which the company released.
Domestic passenger vehicle sales rose 2% to 73,338 units, and commercial vehicle sales grew 4% to 33,037. M&M Automotive business president Velusamy R said SUV sales and total vehicle sales were the highest ever in any month. The festive season and a refreshed lineup supported demand across SUVs, pick-ups and three-wheelers, and the first CNG vehicle, the XUV 3XO ZNG, has also drawn strong interest from customers.
Three-wheeler sales, including electric models, rose 38% to 17,632 units. LCVs weighing 2 to 3.5 tonnes grew 5% to 28,654 units, while LCVs under 2 tonnes fell 4% to 43,83 units.
why it matters
The report matters as a gauge of demand in India's auto sector, since growth in both domestic and export sales points to a broad base. The weaker spot is the under-2-tonne LCV segment, where sales declined.
market impact
M&M shares: record sales and export growth support interest in the stock
- Mahindra & Mahindra shares pressure up — record sales volume and export growth support revenue expectations
tags
instruments
sources
- M&M vehicle sales grow 9% to record 13,1109 units in Oct — Moody's, 1 November 2026 at 08:11 UTC
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