M&M auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY
1 year, 1 month ago

M&M auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY

Live Mint  

Mahindra & Mahindra Ltd, the automobile major, on Wednesday reported total auto sales for the month of October 2023 at 80,679 vehicles, a growth of 32% from 61,114 units in the same month last year. In the Farm Equipment Sector, M&M’s total tractor sales during October 2023 dropped 3% to 50,460 units, as against 51,994 units for the same period last year. Domestic tractor sales last month fell 2% YoY to 49,336 units, while exports of tractors for the month decreased 23% YoY to 1,124 units. “Higher aggregate kharif production, higher MSP for key Rabi crops and government’s continued support to the agri economy in H2 of this year, are leading to positive sentiments among farmers during the on-going festive season, supporting tractor demand,” said Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra.

Vehicles Sales Units Month Tractor Sales Total Tractor  yoy  80679  drop  2023  month  total  tractor  mm  domestic  growth  vehicles  auto  32  mahindra  units  sales

History of this topic

Passenger vehicle sales highest in Nov., up 4%, says SIAM
1 week, 4 days ago

Passenger vehicle sales highest in Nov., up 4%, says SIAM

Deccan Chronicle  

Pune: Passenger vehicle dispatches from automakers to their dealers in India rose 4.1 per cent on year to 3.48 lakh units in November with demand momentum sustaining post festive period, Society of Indian Automobile Manufactures or SIAM said on Friday. He said passenger vehicles posted their highest ever sales of November in 2024 of 3.48 lakh units, with a growth …

M&M to sell EVs through existing sales network to offer all choices under one roof
3 weeks, 2 days ago

M&M to sell EVs through existing sales network to offer all choices under one roof

Live Mint  

New Delhi, Dec 1 Mahindra & Mahindra will utilise its existing sales network to sell its electric vehicle range as the automaker looks to offer all the choices to customers under one roof, according to a top company executive. The Mumbai-based automajor, which sells models like Thar and Scorpio, has now expanded its electric vehicle range with the launch of …

M&M raises tractor growth forecast, maintains SUV sales optimism
1 month, 2 weeks ago

M&M raises tractor growth forecast, maintains SUV sales optimism

Live Mint  

New Delhi: Homegrown automaker Mahindra and Mahindra Ltd has raised its forecast for tractor sales for the industry, anticipating strong growth fuelled by rising rural demand as government spending in the rural and agricultural regions goes up. The company now expects tractor industry sales to grow by 13-14% in the second half of the year, adjusting its full-year projection to …

Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore
1 month, 2 weeks ago

Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore

The Hindu  

Mahindra & Mahindra Ltd reported 35% growth in consolidated net profit at ₹3,171 crore for the second quarter ended September 30, 2024, as compared with ₹2,348 crore in the year-ago period due to strong performance of all its businesses. Services business delivered 1.8 times net profit as compared to the year ago period, the company said. The auto business reported …

M&M Q2 results: Net profit rises 35% to ₹3,171 crore, revenue up 10% YoY
1 month, 2 weeks ago

M&M Q2 results: Net profit rises 35% to ₹3,171 crore, revenue up 10% YoY

Live Mint  

Mahindra & Mahindra Ltd on Thursday, November 7 reported a 35% year-on-year jump in its consolidated net profit to ₹3,171 crore for the second quarter of FY25. Meanwhile, the auto major's consolidated revenue from operations grew 10% YoY to ₹37,689 crore in Q2 FY24 from ₹34,281 crore in Q2 FY24. Automobile Segment Mahindra’s Auto segment revenue in Q2 FY25 grew …

This tractor maker clocked its best-ever monthly sales in October. Not Mahindra, Swaraj, TAFE
1 month, 2 weeks ago

This tractor maker clocked its best-ever monthly sales in October. Not Mahindra, Swaraj, TAFE

India Today  

Leading tractor manufacturer Sonalika Tractors today announced that it sold 20,056 units of tractors in October 2024. To enhance its festive season sales, Sonalika provided several benefits, including cash discounts and finance schemes, under its annual 'Heavy Duty Dhamaka' offer. "We are thrilled to have surpassed all previous monthly records with an outstanding 20,056 tractor sales, marking a proud moment …

Auto sales rise 14% in July, historic high inventory level causes concern: FADA
4 months, 2 weeks ago

Auto sales rise 14% in July, historic high inventory level causes concern: FADA

The Hindu  

The Indian auto retail sector witnessed a double digit growth of 13.84% Year on Year in July 2024 backed by a robust 17.17% YoY growth in Two-Wheelers sales. “It is also crucial for the Reserve Bank of India to mandate financial institutions to implement stringent checks before releasing inventory funding, preferably requiring dealer consent or collaterals to prevent the escalation …

Despite higher margins and top-line, M&M net slips 5.3 per cent to Rs 2,613 crore
4 months, 3 weeks ago

Despite higher margins and top-line, M&M net slips 5.3 per cent to Rs 2,613 crore

New Indian Express  

MUMBAI: The homegrown automaker Mahindra and Mahindra has reported a marginal 5.3 percent year-on-year fall in standalone net in the June quarter at Rs 2,613 crore despite a healthy topline growth and robust margins. The company said its market share from a revenue angle in the SUV segment rose at 21.6 percent, up 130 bps, and in tractors it retained …

Mahindra & Mahindra records sharpest intraday fall in 28 months, plunges over 7%
5 months, 2 weeks ago

Mahindra & Mahindra records sharpest intraday fall in 28 months, plunges over 7%

Hindustan Times  

Shares of Mahindra and Mahindra fell 7.3 per cent to ₹2,711.75 on the BSE today. With this, the stock of the automobile company recorded its sharpest intraday fall in the past 28 months. In past eight months, the stock M&M has appreciated by 92 per cent and in the current calendar year 2024, it has rallied 70 per cent. Mahindra …

Passenger vehicle sales fall 7% in June as heatwave curtails showroom visits: FADA
5 months, 2 weeks ago

Passenger vehicle sales fall 7% in June as heatwave curtails showroom visits: FADA

Hindustan Times  

Indian passenger vehicle sales saw a 7% drop in June 2024 compared to June 2023 due to heatwaves resulting in 15% less showroom walk-ins, PTI wrote, citing data from the Federation of Automobile Dealers Associations. Sales of passenger vehicles dropped 7% in June 2024, compared to June 2023 How many vehicles were sold in June 2024 compared to June 2023? …

Carmakers post higher March sales, end fiscal 2024 at record levels
8 months, 3 weeks ago

Carmakers post higher March sales, end fiscal 2024 at record levels

Deccan Chronicle  

Top car makers in India such as Maruti Suzuki, Hyundai Motor, Tata Motors, Mahindra & Mahindra and Toyota Kirloskar Motor reported higher car sales in March and the automakers ended fiscal 2024 with record sales figures, monthly data from the companies showed on Monday.Every month, automobile makers release wholesale from their factory gates to dealers.The auto sector carries more than …

February PV sales jump 11% to 3.73 lakh units
9 months, 3 weeks ago

February PV sales jump 11% to 3.73 lakh units

New Indian Express  

NEW DELHI: In another bumper month for domestic automobile industry, domestic passenger vehicle sales stood at more than 3.73 lakh units in February 2024, up 11.3% year-on-year. During the first 11 months of FY24, PV sales surged to 38.59 lakh units, a growth of 8.6% YoY. Maruti reported a 9% growth in February 2024 domestic PV sales at 1,60,271 units …

M&M shares jump over 5% to record high on supply deal with Volkswagen
10 months, 1 week ago

M&M shares jump over 5% to record high on supply deal with Volkswagen

Live Mint  

Mahindra & Mahindra share price rallied over 5% to a 52-week high after the company signed a supply agreement for Volkswagen components to be used in its electric vehicles. The agreement between Volkswagen Group and M&M is for the supply of components of Volkswagen’s MEB for Mahindra’s purpose-built electric platform INGLO. Mahindra plans to launch five all-electric SUVs in India …

M&M Q3: Automaker Logs Net Profit Growth Of 34 Per Cent On Strong Sales
10 months, 1 week ago

M&M Q3: Automaker Logs Net Profit Growth Of 34 Per Cent On Strong Sales

ABP News  

Automaker Mahindra & Mahindra clocked a 34 per cent jump in its consolidated profit on a year-on-year basis in its third quarter earnings on Wednesday. The vehicle sales of the firm grew 20 per cent to 2,11,443 units sold in the October-December quarter in the current fiscal year, against 1,76,094 units sold in the corresponding quarter a year earlier. At …

Mahindra & Mahindra Q3 net profit surges 60 per cent YoY to Rs 2,454 crore, revenue rises 16 per cent
10 months, 1 week ago

Mahindra & Mahindra Q3 net profit surges 60 per cent YoY to Rs 2,454 crore, revenue rises 16 per cent

India TV News  

Mahindra & Mahindra, the manufacturer of the 'Scorpio' SUV, reported a smaller-than-expected increase in third-quarter profit on Wednesday. The standalone profit after tax for Mahindra & Mahindra rose by 60.6 per cent to Rs 2,454 crore in the three months ending December 31. Farm has gained market share despite tough market conditions," M&M Managing Director & CEO Anish Shah said. …

Passenger vehicle sales surge to record high in January led by robust SUV demand, wedding season: FADA
10 months, 1 week ago

Passenger vehicle sales surge to record high in January led by robust SUV demand, wedding season: FADA

India TV News  

Passenger vehicle retail sales surged to an all-time high in January, fueled by strong demand for sports utility vehicles and the ongoing wedding season, according to the Federation of Automobile Dealers Associations. Last month, passenger vehicle sales reached 393,250 units, marking a notable increase of 13 per cent from 347,086 units recorded in January 2023. However, three-wheeler retail sales surged …

Auto makers start 2024 on high note, report growth in January sales
10 months, 3 weeks ago

Auto makers start 2024 on high note, report growth in January sales

Hindustan Times  

Automobile makers in the country started the New Year on a positive note with most players across segments reporting higher sales volume in January compared to the same month last year. Maruti Suzuki India's total vehicle sales increased by 15.5 per cent at 1,99,364 units in January from 1,72,535 units in the same month last year, the company said in …

Auto retail sales soar over 20% in September, FADA predicts thriving festive season
1 year, 2 months ago

Auto retail sales soar over 20% in September, FADA predicts thriving festive season

India TV News  

In a positive turn of events for the Indian automotive sector, retail sales of automobiles experienced a robust surge, exceeding 20 percent in the month of September. Two-wheeler sales displayed an impressive growth rate of 22 percent, three-wheeler retail sales soared by 49 percent, passenger vehicle sales saw a notable uptick of 19 percent, and the commercial vehicle sector reported …

Mahindra Q1 results: Net profit rises 98%, revenue jumps 23%
1 year, 4 months ago

Mahindra Q1 results: Net profit rises 98%, revenue jumps 23%

India Today  

Homegrown auto major Mahindra & Mahindra today reported a growth of 98% year-on-year in standalone net profit at Rs 2,774 crore for the quarter ended June 2023 owing to handsome volumes in both auto and farm sectors. Category Q1 FY24 Q1 FY23 Growth Revenue from operations Rs 24,368 cr Rs 19,813 cr 23% Ebitda Rs 3,547 cr Rs 2,422 cr …

Mahindra & Mahindra registers overall sales of 62,294 units in April
1 year, 7 months ago

Mahindra & Mahindra registers overall sales of 62,294 units in April

Live Mint  

Mahindra & Mahindra has announced that its total sales in April increased by 36 per cent to 62,294 units this year. In a statement, the company said that its passenger vehicle wholesales in the domestic market rose by 54 per cent to 34,698 units last month against 22,526 in April last year. The company said its exports last month declined …

Mahindra begins FY24 on a strong note, SUV sales rise 56% in April
1 year, 7 months ago

Mahindra begins FY24 on a strong note, SUV sales rise 56% in April

India Today  

Commencing FY24 on a rather robust note, Mahindra & Mahindra has posted a handsome growth of 56.50% year-on-year in its sport utility vehicle volumes at 34,694 units in April. While the CV volumes of the company jumped 16.26% y-o-y at 20,231 units, the wholesale despatches of three-wheelers climbed 84.51% y-o-y at 5,552 units. Category April FY24 April FY23 Growth SUVs …

Retail Auto Sales See Double-Digit Growth In February On Strong Demand
1 year, 9 months ago

Retail Auto Sales See Double-Digit Growth In February On Strong Demand

ABP News  

India's automobile retail sales registered a double-digit year-on-year growth in February driven by robust sales across segments, including passenger vehicles and two-wheelers, automobile dealers' body Federation of Automobile Dealers Associations said on Monday. According to the FADA release, total registrations across segments rose 16 per cent YoY to 17,75,424 units last month, as compared to 15,31,196 vehicles in February 2022. …

Mahindra net profit jumps 14% to Rs 1,528 crore
1 year, 10 months ago

Mahindra net profit jumps 14% to Rs 1,528 crore

Deccan Chronicle  

Pune: Mahindra and Mahindra, the SUV specialist and tractor maker, on Friday reported a 13.5 per cent jump in its standalone net profit at Rs 1,528 crore during the December quarter, up from Rs 1,335 crore in the same quarter of the previous fiscal. The Mumbai-based automaker’s revenue from operations was up 41 per cent at Rs 21,654 crore from …

Mahindra & Mahindra Q3 Results: PAT Rises 14 Per Cent To Rs 1,528 Crore On Robust Sales
1 year, 10 months ago

Mahindra & Mahindra Q3 Results: PAT Rises 14 Per Cent To Rs 1,528 Crore On Robust Sales

ABP News  

Mahindra & Mahindra on Friday logged a 14 per cent rise in its profit after tax to Rs 1,528 crore for the third quarter ended December 2022, driven by robust sales. M&M revenue surged 41 per cent to Rs 21,654 crore for the third quarter compared to Rs 15,349 crore in the year-ago period. Tractor sales rose 14 per cent …

Passenger vehicle sales to remain in fast lane in August: report
2 years, 3 months ago

Passenger vehicle sales to remain in fast lane in August: report

The Hindu  

Passenger vehicle sales are expected to be robust in August on account of large pending orders with various companies and production ramp up, according to a report. Besides, two-wheeler volumes are also expected to improve, owing to festive demand and inventory build-up with dealers, according to brokerage firm Emkay Global Financial Services. In the two-wheeler space, Emkay Global expects domestic …

M&M Q1 profit up 67%, records highest quarterly revenue for farm, auto segments
2 years, 4 months ago

M&M Q1 profit up 67%, records highest quarterly revenue for farm, auto segments

Live Mint  

Mahindra and Mahindra reported Q1 FY23 results on Friday in which its standalone net profit rose more than 67% to ₹1,430 crore as compared to ₹855 crore year-on-year. The tractor manufacturer said that it record highest ever quarterly standalone revenue for Auto and Farm Segments during Q1 at ₹18,995 crore. Farm equipment revenue increased by nearly 26% at ₹6,689 crore …

Analysis: Auto sales rise 207% in May 2022 but still lower than pre-Covid levels
2 years, 6 months ago

Analysis: Auto sales rise 207% in May 2022 but still lower than pre-Covid levels

Live Mint  

The total vehicle categories were in the green in May 2022, increasing by 207%. This was 11 per cent higher compared to 2,36,215 units sold in May 2019. Commercial vehicle sales stood at 66,632 units last month, up from 17,607 units in May last year. Category MAY' 22 MAY'21 YoY MAY'20 Change MAY'20 MAY'19 % Change MAY'19 2W 12,22,994 4,10,871 …

Struggling with hard decisions? Anand Mahindra on how to see the ‘big picture’
2 years, 8 months ago

Struggling with hard decisions? Anand Mahindra on how to see the ‘big picture’

Live Mint  

It is a widely believed notion that when dealing with making hard decisions in life, taking inspiration from nature might is the way to go. The tech savvy Mahindra took to Twitter on Tuesday to share that it really helps to imagine you’re on top of Everest with an unobstructed view of the world and how doing this helps one …

Mahindra's overall auto sales at 17,447 units in May 2021
3 years, 6 months ago

Mahindra's overall auto sales at 17,447 units in May 2021

India Today  

Mahindra & Mahindra has reported a rise of 82.5 per cent in overall auto sales to 17,447 units in May 2021. The automaker's domestic PV sales increased 106.98 per cent to 8,004 units in May 2021 from 3,867 units in the same month last year. The domestic CV sales of the automaker jumped 44.13 per cent to 7,508 units in …

Rising fuel prices, covid cases fail to dent car sales
3 years, 8 months ago

Rising fuel prices, covid cases fail to dent car sales

Live Mint  

Wholesale dispatches of cars, utility and commercial vehicles continued to improve in March, compared to February, on the back of sustained improvement in economic activity and shift in customer preference towards personal mobility to avoid covid-19 infection. Vehicle dispatches of the country’s second largest auto manufacturer, Hyundai Motor India Ltd, rose by 1.93% to 52,600 units in the month on …

Mahindra & Mahindra's domestic PV wholesales jump 4 per cent in January 2021
3 years, 10 months ago

Mahindra & Mahindra's domestic PV wholesales jump 4 per cent in January 2021

India Today  

Mahindra & Mahindra today reported a growth of 4.23 per cent in domestic passenger vehicle wholesales to 20,634 units in January 2021. The domestic commercial vehicle wholesales of Mahindra & Mahindra declined 47.63 per cent to 16,229 units in January 2021 from 30,988 units in the same month last year. The exports of Mahindra & Mahindra increased 29.81 per cent …

Mahindra Announces Price Hike of Upto Rs 40,000 on PV and CV Range in India
3 years, 11 months ago

Mahindra Announces Price Hike of Upto Rs 40,000 on PV and CV Range in India

News 18  

Automobile major Mahindra & Mahindra on Friday raised the prices of its range of personal and commercial vehicles by around 1.9 per cent resulting in an increase of Rs 4,500 – Rs 40,000, depending on the model and variant. According to Veejay Nakra, CEO – Automotive Division, M&M: “The price increase was necessitated due to unprecedented increase in commodity prices …

Tractor Industry in India Registers 42 Percent Growth in December 2020; 60,717 Units Sold
3 years, 11 months ago

Tractor Industry in India Registers 42 Percent Growth in December 2020; 60,717 Units Sold

News 18  

India’s Tractor industry continues to perform remarkably well despite slowdown in most of the other auto sectors of the country. India’s Tractor Industry registered an increase and Y-o-Y sales of massive 41.8 percent by selling 60,717 units in December 2020 as against 42,806 units sold in December 2019. Mahindra and Mahindra along with Swaraj Tractors came out the market leader …

Mahindra Thar, Scorpio, Bolero, XUV300, others: Automaker's domestic PV sales rise 3 per cent in December 2020
3 years, 11 months ago

Mahindra Thar, Scorpio, Bolero, XUV300, others: Automaker's domestic PV sales rise 3 per cent in December 2020

India Today  

Mahindra and Mahindra has reported a rise of 3.13 per cent in the domestic PV sales to 16,182 units in December 2020. Talking about the domestic CV sales, Mahindra and Mahindra witnessed a decline of 21.48 per cent to 16,795 units in December 2020 from 21,390 units in December 2019. The exports of the automaker jumped 2.84 per cent to …

Mahindra Announces Price Hike for Tractor Range in India from January 1, 2021
4 years ago

Mahindra Announces Price Hike for Tractor Range in India from January 1, 2021

News 18  

Mahindra & Mahindra on Monday said that it will increase prices of its tractors across models from January 1 next due to the increase in input costs. “Mahindra & Mahindra’s farm equipment sector today announced that effective January 1, 2021, the company will increase the price of its range of tractors across models. “This has been necessitated due to the …

Mahindra Registers 24 Percent Growth in Passenger Car Business, 3.6 Percent Overall Growth in Nov
4 years ago

Mahindra Registers 24 Percent Growth in Passenger Car Business, 3.6 Percent Overall Growth in Nov

News 18  

Mahindra & Mahindra on Tuesday reported a 3.6 per cent growth in its vehicle sales for November. In the utility vehicles segment, Mahindra sold 17,971 vehicles in November 2020, compared to 14,161 vehicles in November 2019, registering a growth of 27 per cent, said a company statement. The passenger vehicles segment, which includes UVs, cars and vans, sold 18,212 vehicles …

Mahindra Thar, Scorpio, XUV300, XUV500, others: Automaker's domestic PV sales up 24 per cent in November 2020
4 years ago

Mahindra Thar, Scorpio, XUV300, XUV500, others: Automaker's domestic PV sales up 24 per cent in November 2020

India Today  

Mahindra and Mahindra has reported a rise of 24.42 per cent in the domestic PV sales to 18,212 units in November 2020. The domestic CV sales of the automaker slipped 4.56 per cent to 22,883 units in November 2020 from 23,977 units in the year-ago month. The exports of Mahindra and Mahindra plunged 37.58 per cent to 1,636 units in …

M&M to invest ₹100 crore, double jobs at Telangana plant by 2024
4 years, 1 month ago

M&M to invest ₹100 crore, double jobs at Telangana plant by 2024

Live Mint  

Mumbai: Mahindra & Mahindra Ltd., India’s largest tractor manufacturer, plans to invest an additional ₹100 crore at its Zaheerabad plant in Telangana to gear up to produce the new K2 series of tractors at the unit, the company said on Tuesday. The company, which also is the only tractor manufacturer in Telangana, has already invested close to ₹1,087 crores at …

Mahindra Reports 14.5 Percent Decline in Overall Sales, Sells 44,359 Units in October
4 years, 1 month ago

Mahindra Reports 14.5 Percent Decline in Overall Sales, Sells 44,359 Units in October

News 18  

Mahindra & Mahindra on Sunday reported a 14.5 per cent fall in its overall sales in October at 44,359 vehicles. The passenger vehicle segment of the company which includes utility vehicles, cars and vans recorded a 1 per cent growth in sales at 18,622 vehicles last month, M&M said in a statement. Its utility vehicle segment, however, witnessed a 3 …

Farm Bill, Festive Season Expected to Usher Tractor Sales in India: Mahindra
4 years, 2 months ago

Farm Bill, Festive Season Expected to Usher Tractor Sales in India: Mahindra

News 18  

The world’s largest tractor manufacturer by volumes foresees a sustained growth in tractor off-take on the back of festive season along with recently introduced farm bill. Accordingly, auto major M&M’s Farm Equipment Sector President Hemant Sikka predicts the farm bill to usher in higher income for farmers, thereby, allowing greater farm mechanisation levels. “The overall industry has grown by around …

Healthy Growth in Automotive Sales to Bolster Steady Growth in Overall Economic Acitivty
4 years, 2 months ago

Healthy Growth in Automotive Sales to Bolster Steady Growth in Overall Economic Acitivty

News 18  

Healthy rise in automobile month-on-month sales has lighted up hopes of a steady pick-up in overall economic activity. According to the Federation of Automobile Dealers Associations data, on a yearly comparison, passenger vehicles retail sales in September grew by 9.81 per cent to 1,95,665 units from 1,78,189 units off-take during the like month of last year. “From a virtual zero …

Mahindra Reports Sales Decline by 36 Percent in July; Exports Also Down by 45 Percent
4 years, 4 months ago

Mahindra Reports Sales Decline by 36 Percent in July; Exports Also Down by 45 Percent

News 18  

Mahindra & Mahindra reported a 36 per cent decline in total sales at 25,678 units in July. In the domestic market, sales were down 35 per cent to 24,211 units last month compared to 37,474 units in July 2019. In the passenger vehicles segment, which includes UVs, cars and vans, it sold 11,025 vehicles in July this year, against 16,831 …

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