Mahindra Auto sales rise 16% to over 1 lakh unit in September; shares rise over 2%

Mahindra & Mahindra on Wednesday, October 1 reported a 16% year-on-year increase in overall automobile sales to 1,00,298 units in September. Following this announcement, shares of M&M gained as much as 2.1% to touch an intraday high of ₹3,501 apiece on Wednesday, October 1, 2025.

At 2:36 PM, shares of M&M were trading 1.30% higher at ₹3,471.40 apiece on the National Stock Exchange (NSE).

In the passenger vehicles segment, the company said its utility vehicles dispatch to dealers surged 10% year-on-year to 56,233 units in the domestic market last month, as against 51,062 units in the year-ago period.

Exports witnessed a rise of 43% on-year to 4,320 units in September, as against 3,020 units a year ago, the Mumbai-based automaker said in a statement.

"Thanks to the impetus from GST 2.0 and the preceding weeks' pent-up demand, we have seen robust growth in dealer reported customer retails during the first nine days of Navratri, with over 60% growth in the SUV segment and over 70% growth in the CV segment compared to the first nine days of Navratri last year," Nalinikanth Gollagunta, CEO, Automotive Division, M&M, said.

The surge in festive demand has placed significant constraints on the availability of trailers, he added.

"We are working to improve dispatches to our dealer network within the constraints," Gollagunta stated.

In the Farm Equipment Sector (FES), the company said its total tractor sales (domestic and exports) last month rose 49% year-on-year to 66,111 units, compared to 44,256 units in the year-ago month.

In the domestic market, tractor sales increased by 50% to 64,946 units last month, compared to 43,201 units in the same month last year.

Exports rose 10% to 1,165 units, from 1,055 units in September 2024.

"The decision on the GST rate cut, has increased offtake in the first 9 days of Navratri which is in the month of September this year compared to October last year. "This has been further supported by factors like a positive Kharif outlook, increase in the area sown this season and an above-normal monsoon," Mahindra & Mahindra President - Farm Equipment Business Veejay Nakra said.

M&M share price

Over the last five trading sessions, M&M shares declined 2.79%. On the other hand, the stock rose 4.74% in the last month. Further, the scrip zoomed 31.64% over the past six months. The stock also advanced 12.67% on a year-to-date basis.

The stock touched its 52-week high of ₹3,723.80 on September 9, 2025, and its 52-week low of ₹2,425 on April 7, 2025. The company’s market capitalisation stands at ₹4,30,173.93 crore as recorded on October 1.