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Total sales include passenger vehicle sales of 71,624 units (up 31% YoY) and commercial vehicle sales of 44,503 units (up 18% YoY).
Exports rose 15% to 4,015 units while domestic sales jumped 26% to 1,16,127 units during the month.
Mahindra & Mahindra announced that its overall sales including exports in the Trucks and Buses business (CV > 3.5T) for the month of October 2025 stood at 2034 vehicles, a growth of 14%.
Mahindra's Trucks & Buses business comprises of Mahindra Trucks & Buses division (MTBD) and SML Mahindra Limited (SML).
According to Vinod Sahay, Executive Chairman – SML, President – Aerospace, Defence, Trucks, Buses & CE, M&M, “The CV industry marked a modest recovery in October supported by lower GST and festival season. In October, we achieved a 14% growth driven by growth in ILCV trucks and buses. The HCV segment continues to face headwinds, with persistent challenges impacting growth and demand.”
Total tractors sales include domestic sales of 72,071 units (up 12% YoY) and exports of 1589 units (up 41% YoY).
Commenting on the performance, Veejay Nakra, President – Farm Equipment Business, Mahindra & Mahindra said, “We have sold 72,071 tractors in the domestic market during October, a growth of 12% over last year. For the festive period of September & October 2025 put together the growth is 27.4% over same period last year. A good monsoon, combined with the benefit of GST rate cut announced in September have supported the strong performance in September & October 2025. Going forward, factors like timely onset of Rabi sowing & good progress in Kharif harvesting augur well for tractor sales.
Embraer Defense & Security and Mahindra Group, have signed a landmark Strategic Cooperation Agreement (SCA) to advance the C-390 Millennium solution for the Indian Air Force's Medium Transport Aircraft (MTA) programme. This agreement was inked alongside the inauguration of Embraer's national office in Aerocity, New Delhi.
The agreement builds upon the Memorandum of Understanding signed in February 2024 at the Embassy of Brazil in New Delhi, deepening the scope of cooperation to include joint marketing, industrialisation and developing India as a hub for the C-390 Millennium. Since the signing, the C-390 Millennium aircraft has further increased its operator base globally.
Embraer and Mahindra Group will work closely with stakeholders in the country and engage with India's military and aerospace ecosystem to identify opportunities for local manufacturing, assembly facilities, supply chain and MRO activities. The long-term ambition is to position India as a manufacturing and support hub for the C-390 Millennium aircraft, serving both domestic and regional requirements.
This partnership unites Brazil's world-class aerospace innovation with India's manufacturing prowess and contributes to the strengthening of ties between the two nations while positioning India as a potential hub for the C-390 Millennium aircraft in the region.
The partnership aims to advance the C-390 Millennium for the Indian Air Force’s Medium Transport Aircraft programme. Both companies will collaborate with India’s aerospace ecosystem to explore local manufacturing, assembly, supply chain and maintenance opportunities.
Mahindra and Embraer plan to position India as a regional hub for the C-390 Millennium, catering to domestic and international requirements.
Embraer Defense & Security President and CEO Bosco da Costa Junior said the partnership reflects a shared commitment to the ‘Atmanirbhar Bharat’ initiative and deepens India-Brazil ties.
Mahindra Group Executive Board member Vinod Sahay said the collaboration aligns with India’s ‘Make in India’ vision and supports the country’s defence self-reliance goals.
The C-390 Millennium can carry up to 26 tonnes of payload and reach speeds of 470 knots. It can perform multiple missions, including cargo and troop transport, air-to-air refuelling, medical evacuation and humanitarian operations. The aircraft operates even on unpaved runways and has recorded a mission completion rate of over 99%.
The C-390 is already in service with the air forces of Brazil, Portugal, Hungary, the Netherlands, Austria, South Korea, and several others.
M&M Group enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
M&M's standalone net profit surged 32% to Rs 3,449.84 crore in Q1 FY26 as against Rs 2,612.63 crore recorded in Q1 FY25. Revenue from operations increased 26.1% year on year (YoY) to Rs 34,083.23 crore in the quarter ended 30 June 2025.