M&M sales surge by 15% to 83,702 units in February, SUV exports up by 99%

Auto major Mahindra & Mahindra (M&M) on Saturday said its total sales grew by 15% year-on-year (YoY) to 83,702 units in February 2025. The company sold 72,923 units in February 2024.

Segment wise sales

In the utility vehicles segment, the company sold 50,420 vehicles in the domestic market, marking a decent growth of 19% YoY as compared to 42,401 units in the year-ago period.

M&M's SUV exports surged by a stellar 99% to 3,061 units last month as against 1,539 units in February 2024.

"This strong performance is a result of a continued positive momentum for our SUV portfolio," Mahindra & Mahindra (M&M) Automotive Division President Veejay Nakra said in a statement.

The company said that its total tractor sales in February increased to 25,527 units, up from 21,672 units in February 2024, up 17.7%. Exports in this segment for February stood at 1,647 units.

"After a good Kharif crop, Rabi crop outlook is also looking positive due to favourable weather conditions," M&M Farm Equipment Sector President Hemant Sikka said.

Sikka added that an increase in agri credit limit, continued support from the government to increase farmer income and a remarkable Rabi harvest will help fuel tractor demand in the future.

M&M shares

M&M shares on Friday ended nearly 5% down at ₹2,595 apiece on the NSE amid a stock market crash. The company's market capitalisation fell to ₹3,22,695.73 crore. Trade war fears and a slowing US economy triggered massive selling in IT, auto and US market-focused shares yesterday, February 28.