M&M vehicles to become costlier by 3% from April 2025: Here are the key details

“The price increase is attributed to rising input costs and increased commodity prices, among other reasons. The extent of the price increase will vary across different SUVs and commercial vehicles,” M&M said in a statement.

Shares of M&M on Friday settled 1.45% lower at ₹2,787.20 apiece on the National Stock Exchange.

In February 2025, domestic sales of M&M stood at 23,880 units, as against 20,121 units during February 2024. Total tractor sales (domestic + exports) during February 2025 were at 25,527 units, as against 21,672 units for the same period last year. Exports for the month stood at 1,647 units.

Meanwhile, M&M on Friday officially began deliveries of its highly anticipated born-electric vehicles, the BE 6 and XEV 9e, in the Indian market.

Last month, M&M secured 30,179 bookings for its two new electric models—XEV 9e and BE 6. The booking number translates to a value of ₹8,472 crore (at ex-showroom price).

Mahindra & Mahindra reported a 20% jump in consolidated profit after tax at ₹3,181 crore in the December quarter over the corresponding quarter of the previous fiscal.

The company posted a consolidated PAT of ₹2,658 crore in the third quarter of FY23-24.

Revenue for the quarter under review grew 17% year-on-year at ₹41,470 crore from ₹35,299 crore a year earlier, the company said.

In the auto segment, the company said quarterly volumes stood at 245000, up 16% year-on-year, while UV volumes for the quarter stood at 142,000.

Auto segment revenue for the December quarter of the current fiscal was seen at ₹23,391 cr, a growth of 21% over the same quarter last year, while consolidated Profit After Tax (PAT) stood at ₹1,438 crore, up 20% year-on-year, it said.