Tractor recovery, new launches to maintain volume momentum for M&M

Growth takes root: Automaker cultivates volume momentum as farm and auto segments harvest gains

Mahindra & Mahindra (M&M) delivered a stronger-than-expected operational performance in the October-December quarter (Q3) of 2024-25 (FY25), driven by solid growth in its automotive (auto) and farm equipment segments. Higher volumes improved operating leverage, expanding margins.

 

In the auto segment, the company reported a 16 per cent year-on-year (Y-o-Y) increase in volumes to 245,499 units. The sport utility vehicle (SUV) segment, its mainstay, led the growth with a 20 per cent rise to 142,000 units. Light commercial vehicles contributed the rest, growing 7 per cent over the previous year. To address demand, especially for the petrol variant, and capacity constraints,