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Mahindra & Mahindra achieved overall auto sales of 1,06,207 units in month of June 2026 compared to 77,742 units in June 2025, recording a growth of 37%.
Total sales include passenger vehicle sales of 60,393 units (up 28% YoY) and commercial vehicle sales of 39,896 units (up 44% YoY).
Domestic sales stood at 1,00,289 units (up 34% YoY) and exports of 5,918 units (up 125% YoY).
Mahindra's Trucks & Buses business comprises of Mahindra Trucks & Buses division (MTBD) and SML Mahindra (SML).
According to Vinod Sahay, Executive Chairman – SML, President – Aerospace, Advanced Technologies, Trucks, Buses & CE, M&M, “The CV industry continues to benefit from infrastructure-led demand and an ongoing replacement cycle in medium term. However, recent increases in fuel prices and pressure on freight economics has tempered fleet expansion and vehicle replacement decisions in the near term. We are closely monitoring the evolving cost pressures and broader macroeconomic uncertainties impacting industry sentiment and implementing appropriate mitigation measures.”
Mahindra & Mahindra announced its tractor sales numbers for June 2026.
Domestic sales in June 2026 were at 58,177 units, as against 51,769 units in June 2025, reflecting a 12% year-on-year growth.
Total tractor sales (Domestic + Exports) during June 2026 were at 59,935 units, as against 53,392 units for the same period last year. Exports for the month stood at 1,758 units.
Commenting on the performance, Veejay Nakra, President – Farm Equipment Business, Mahindra & Mahindra Ltd. said “We have sold 58,177 tractors in the domestic market during June 2026 registering a growth of 12% over last year. While it is early to assess the full impact of emerging El Niño conditions, strong government interventions like sustained fertilizer subsidies and targeted support measures at the local level are expected to mitigate some of the risk to farmers and cushion its impact to the Kharif season. In the export markets, we have sold 1,758 tractors, a growth of 8% over last year.”
Consequently, Aditatva has become a wholly owned subsidiary of MHRIL and, as such, a step down subsidiary of the Company with effect from 15 June 2026.
Aditatva is engaged in coffee plantation business on a ~50 acre land parcel located in Chikmagalur, Karnataka. Upon completion of the acquisition of Aditatva, MHRIL will be the owners of all the assets including the said land parcel, which is proposed to be utilized for the development of a leisure resort.
Mahindra & Mahindra Ltd is up for a third straight session in a row. The stock is quoting at Rs 3147.8, up 3.45% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.17% on the day, quoting at 23899.6. The Sensex is at 76443.32, up 1.21%. Mahindra & Mahindra Ltd has risen around 2.08% in last one month.
Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has risen around 5.5% in last one month and is currently quoting at 26293.85, up 2.81% on the day. The volume in the stock stood at 32.31 lakh shares today, compared to the daily average of 31.64 lakh shares in last one month.
The benchmark June futures contract for the stock is quoting at Rs 3163.5, up 3.39% on the day. Mahindra & Mahindra Ltd is up 4.11% in last one year as compared to a 4.2% drop in NIFTY and a 15.68% drop in the Nifty Auto index.
The PE of the stock is 23.33 based on TTM earnings ending March 26.
Mahindra & Mahindra announced Production, Sales and Export figures of the Company for the month of May 2026.
May-26
May-25
%change
1,01,141
91,502
11%
97,653
81,961
19%
5,112
3,692
38%
In the Utility Vehicles segment, Mahindra sold 58,021 vehicles in the domestic market, a growth of 11% on YoY basis. The domestic sales for Commercial Vehicles stood at 24,079, up 19% YoY.
Total exports increased by 37% to 5,000 units in May 2026 from 3,646 units in May 2025.
Nalinikanth Gollagunta, CEO, Automotive Division, M&M, said: “The sustained demand across our portfolio continues, constrained by supply chain challenges due to manpower shortages at select suppliers.”
M&M’s Farm Equipment Business (FEB) has recorded domestic sales of 47,845 units in May 2026 as against 38,914 units in May 2025, reflecting a 23% year-on-year growth. Exports for the month stood at 1,850 units, up 7% YoY.
Total tractor sales (domestic + exports) during May 2026 were at 49,695 units as against 40,643 units for the same period last year, up 22% YoY.
Veejay Nakra, president, Farm Equipment Business, Mahindra & Mahindra, said: “This high growth was driven by timely completion of Rabi harvesting & favorable terms of trade for farmers.”
The Trucks and Buses (CV > 3.5T) business of Mahindra & Mahindra has reported total sales of 3,129 vehicles for May 2026, which is a YoY growth of 18%.
Of this, Cargo Vehicle sales added up to 1,153 units (up 0.4% YoY) and that of Passenger Vehicles was 1,976 units (up 32% YoY).
Mahindra’s Trucks & Buses business comprises of Mahindra Trucks & Buses division (MTBD) and SML Mahindra (SML).
Vinod Sahay, executive chairman – SML, president – Aerospace, Advanced Technologies, Trucks, Buses & CE, M&M, said: “The CV industry continues to face near-term headwinds, driven by elevated input costs and higher diesel prices amid ongoing geopolitical uncertainties, putting pressure on fleet operators’ profitability.
The industry is showing signs of short to medium term moderation even though structural drivers such as infrastructure spending and replacement demand remain supportive for long term growth. We maintain an overall cautious outlook as cost pressures and macroeconomic uncertainties continue to weigh on industry sentiments currently.”
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.
The company's standalone net profit jumped 53.34% to Rs 3,737.27 crore in Q4 FY26 as against Rs 2,437.14 crore reported in Q4 FY25. Total income increased by 25.29% year on year to Rs 40,244.81 crore in the quarter ended 31 March 2026.
The scrip fell 1.08% to currently trade at Rs 3002.15 on the BSE.
Mahindra and Manulife announced their partnership to create a life insurance business on 12 November 2025. Today, both companies have confirmed the incorporation of a 50:50 JV company as Mahindra Manulife Insurance (MMIL), following approval from the Ministry of Corporate Affairs. The incorporation of MMIL marks the next step in that journey.
The venture brings together Mahindra's strong presence in India with Manulife's global expertise to build a simple, customer-first, AI-native and digitally led life insurer. By combining the extensive distribution reach of Mahindra with Manulife's strengths in product innovation, underwriting, and agency-led distribution, MMIL will focus on policyholder protection and offer holistic, need-based financial solutions.
MMIL aims to address India's large protection gap through a range of long-term savings and protection products, with a strong focus on rural and semi-urban markets while building leadership in protection solutions for urban customers. The partnership combines Mahindra's wide distribution reach with Manulife's strengths in product innovation, underwriting, and agency-led distribution. Together, the partners are committed to establishing MMIL as a trusted, digital, technology-driven and AI-native insurer aligned with India's long-term growth and the vision of “Insurance for All.”