Mahindra & Mahindra shares rise after September auto sales beat expectations

M&M’s automotive segment sales grew 16% from last year to 1,00,298 vehicles sold in the September. This includes three-wheelers, sport utility vehicles (SUVs), light commercial vehicles (LCVs), and export volumes.

In the utility segment, Mahindra & Mahindra sold 56,233 vehicles in domestic market, including sales made under Mahindra Electric Automobile Limited. This marks a 10% increase from 51062 units sold in the same month last year.

Sale of three-wheelers including electric vehicles saw a 30% increase, up from 10,044 units to 13,017 units sold in September 2025.

Similarly, light commercial vehicle with payload between 2 tonnes and 3.5 tonnes also saw sales increase by 21% to 23,342 units in September 2025 from 19,252 units sold in the same period last year.

Total exports increased to 4,320 units from 3,020 units in September 2024.

Nalinikanth Gollagunta, CEO of the company’s automotive division said the GST overhaul unlocked demands and boosted sales growth for the mom.

“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,” he said.

Shares of Mahindra & Mahindra are trading 1% higher on Wednesday, at ₹3,462. The stock is up 4.4% in the last one month.