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Mahindra & Mahindra
Mahindra & Mahindra on Friday said it will increase the prices of its non-electric SUVs and commercial vehicles by up to 2.5 per cent from April 6. The company attributed the latest price hike to a combination of cost escalations. "Mahindra & Mahindra announces an increase in prices of up to 2.5 per cent for its ICE (powered) SUV and CV range, with an average hike of 1.6 per cent across the portfolio," the company said in a statement. This price increase is effective from April 6, it said. For the recently introduced XUV7XO, the price hike is expected to come into effect after the delivery to the first 40,000 price-protected bookings, the company said. Various auto makers including Tata Motors, JSW MG Motor India, BMW, Audi India and Mercedes-Benz have already increased their vehicle prices from April 1 on account of rising input costs.
Mahindra & Mahindra Ltd on Wednesday reported a 29 per cent year-on-year growth in total tractor sales, including exports, at 45,035 units in March. The company had sold 34,934 tractors in March, 2025, M&M Ltd said in a statement. Domestic sales in March 2026 stood at 43,403 units, up 33 per cent year-on-year from 32,582 units in March 2025. However, exports declined 31 per cent to 1,632 units during the month, compared with 2,352 tractors sold in March 2025, it said. A significant part of this high growth was driven by the full Navratri season falling entirely in March, unlike last year when it was split between March and April, said Veejay Nakra, President, Farm Equipment Business, Mahindra & Mahindra Ltd. On a full financial year basis, the company said, the total tractor sales spiked 24 per cent at 5,26,403 units in FY26 against 4,24,641 tractors.
Mahindra & Mahindra Ltd on Sunday reported an 18 per cent year-on-year growth in overall automobile sales to 97,177 units in February 2026. Utility vehicle sales in the domestic market last month increased 19 per cent to 60,018 units compared to 50,420 units in the year-ago period, Mahindra & Mahindra Ltd (M&M) said in a statement. Domestic sales for commercial vehicles stood at 24,585 units last month, a growth of 10 per cent, it added. M&M CEO, Automotive Division, Nalinikanth Gollagunta, said the February performance reflected "robust customer demand across the portfolio". Total exports last month rose 11 per cent to 3,384 units against 3,059 units in February 2025. In another statement, M&M said its total tractor sales surged 34 per cent to 34,133 units in February 2026 against 25,527 units a year earlier. Tractor sales in the domestic market jumped 35 per cent to 32,153 units last month against 23,880 units in February 2025, the company said, adding exports ...
Mahindra & Mahindra on Thursday said it will invest around Rs 196 crore to expand its Chennai-based research and development facility. The Mumbai-based auto major said it is committing the investment which is aimed at augmenting Mahindra Research Valley's (MRV) capabilities to support advanced vehicle design, product engineering and future technology developments. "This marks a significant step in its allegiance towards enhancing R&D and focusing on Make In India. The commitment of fresh investments at the facility will strengthen the company's engineering and testing capabilities in the region and it will reinforce Chennai's role as a strategic hub for research and innovation," the automaker said in a statement. The facility will be up and running within this calendar year, it added. The Advanced Research & Development Centre and new testing infrastructure are expected to provide enhanced capabilities for next-generation platforms across multiple vehicle segments, it ...
Mahindra & Mahindra Ltd on Wednesday reported a 38.54 jump in consolidated profit after tax at Rs 5,021.47 crore for the third quarter ended December 31, 2025 propelled mainly by strong performance of the auto and farm sector. The company had posted a profit after tax (PAT) of Rs 3,624.48 crore a year ago, Mahindra & Mahindra Ltd (M&M) said in a regulatory filing. Consolidated revenue from operations in the third quarter stood at Rs 51,579.95 crore as compared to Rs 41,464.98 crore in the year-ago period, it added. This is the first time M&M has crossed Rs 50,000 crore revenue on a consolidated basis. Total expenses in the quarter under review were higher at Rs 41,464.98 crore as compared to Rs 37,096.65 crore in the same period a year ago, the company said. In the quarter the group incurred an exceptional outgo of Rs 292.94 crore on account of the new Labour Codes, the filing said. Auto segment posted quarterly volume of 3.02 lakh units, up 23 per cent from the same ..