Mahindra & Mahindra Ltd. (M&M Ltd.), announced that its overall auto sales for the month of January 2026 stood at 104,309 vehicles, a growth of 24% including exports. In the Utility Vehicles segment, Mahindra sold 63,510 vehicles in the domestic market, a growth of 25% and overall, 104,309 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 27,656, a growth of 22%.
According to Nalinikanth Gollagunta, CEO, Automotive Division, M&M Ltd., "Building on the strong momentum of last year's performance, we began the year on a strong note in January by achieving SUV sales of 63,510 units, a growth of 25% and LCV< 3.5T sales of 27,656 units, a growth of 22%. The total vehicle sales stand at 104,309 units, a 24% year-on-year growth.
| Category | January | YTD January | ||||
|---|---|---|---|---|---|---|
| F26 | F25 | % Change | F26 | F25 | % Change | |
| Utility Vehicles* | 63,510 | 50,659 | 25% | 539,986 | 453,019 | 19% |
| Cars + Vans | – | – | 0 | – | – | 0 |
| Passenger Vehicles | 63,510 | 50,659 | 25% | 539,986 | 453,019 | 19% |
On 14th January, we opened bookings for XUV7XO and XEV 9S clocking 93,689 bookings for a booking value of Rs. 20,500 Crore - a record-breaking milestone in just 4 hours."
Mahindra & Mahindra's Farm Equipment Business has reported strong growth in tractor sales for January 2026, reflecting both domestic demand and export momentum. The company sold 38,484 tractors in India, marking a 46 percent year‑on‑year increase compared to 26,305 units in January 2025. This performance highlights the resilience of the agricultural equipment sector and Mahindra's continued leadership in the domestic market.
| Category | January | YTD January | ||||
|---|---|---|---|---|---|---|
| F26 | F25 | % Change | F26 | F25 | % Change | |
| LCV < 2T | 4,009 | 3,541 | 13% | 31,425 | 32,175 | -2% |
| LCV 2T – 3.5T | 23,647 | 19,209 | 23% | 208,659 | 178,947 | 17% |
| 3 Wheelers (including electric 3Ws) | 9,566 | 7,452 | 28% | 92,012 | 71,685 | 28% |
When including exports, total tractor sales reached 40,643 units, up from 27,557 units a year earlier. Export volumes themselves rose sharply to 2,159 units, representing a 72 percent growth. Such a significant rise in overseas demand suggests that Mahindra's tractors are finding wider acceptance in global markets, adding another dimension to the company's growth story.
| Category | January | YTD January | ||||
|---|---|---|---|---|---|---|
| F26 | F25 | % Change | F26 | F25 | % Change | |
| Total Exports | 3,577 | 3,404 | 5% | 33,638 | 27,452 | 23% |
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