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M&M Finance
Mahindra & Mahindra Ltd on Friday reported a 14 per cent year-on-year growth in total vehicle sales at 94,627 units in April. Domestic passenger vehicle sales last month stood at 56,331 units as against 52,330 units in April 2025, up 8 per cent, Mahindra & Mahindra (M&M) said in a regulatory filing. Commercial vehicle sales in the domestic market stood at 23,427 units last month, it added. M&M CEO, Automotive Division, Nalinikanth Gollagunta said the company has started the new fiscal year 2026-27 "on a positive note in April". The company further said its total tractor sales were up 21 per cent at 48,411 units last month, as against 40,054 units in April 2025. Domestic tractor sales in April 2026 were at 46,404 units, as against 38,516 units in the same month last year, a growth of 20 per cent. "This strong performance was delivered despite the absence of Chaitra Navratri in April this year, unlike last year when April included seven Navratri days," M&M President,
Mahindra & Mahindra Financial Services on Friday said its board has approved to raise up to Rs 3,000 crore by way of rights issue as per the simplified process. The company's board on February 13, 2025, approved a fund raise of up to Rs 3,000 crore by way of rights issue to eligible shareholders, the non-banking finance company said in a regulatory filing. "Accordingly, to avail benefits of the same, the Board of Directors of Mahindra & Mahindra Financial Services (MMFSL) at its meeting held today have passed a fresh resolution to approve fund raise of up to Rs 3,000 crore by way of rights issue under the simplified rights issue process," the company said. Shares of the company on Friday ended 0.34 per cent up at Rs 262.45 apiece on BSE.