Mahindra Hits Record October 2026 With 73,338 SUVs Sold

Mahindra posted its highest-ever monthly auto volumes of 1,31,109 units in October 2026, marking a 9% year-on-year increase including exports. Domestic SUV sales hit a new monthly record at 73,338 units, up 2.39% from 71,624 units in October 2025 and up 14.43% from 64,092 units in September 2026. Including exports, utility vehicle sales reached 74,904 units. For April–October FY2027, domestic SUV volumes reached 4,31,480 units, up approximately 17% from 3,69,194 units during the same period last year. Dr. Velusamy R, President of the Automotive Business at Mahindra & Mahindra, credited festive demand and a refreshed portfolio for the results, noting strong customer traction for the recently introduced XUV 3XO ZNG, though individual model figures were not disclosed.

In the commercial sector, domestic light commercial vehicle sales reached 33,037 units, a 4% year-on-year increase. The 2–3.5-tonne category contributed 28,654 units (up 5% from 27,182 units), while vehicles below two tonnes dropped 4% to 4,383 units from 4,559 units. Three-wheeler sales, including electric models, surged 38% to 17,632 units from 12,762 units, bringing April–October volumes to 99,690 units, a 50% jump. Auto exports rose 77% to 7,102 units from 4,015 units, with cumulative April–October exports climbing 53% to 37,133 units.

The combined trucks and buses business, covering the Mahindra Truck & Bus Division and SML Mahindra, delivered 2,838 units including exports, up 40% from 2,034 units in October 2025. Cargo vehicles led the expansion, jumping 62% to 2,036 units, while passenger-carrying commercial vehicles rose 3% to 802 units. The Mahindra Truck & Bus Division grew 82% to 1,773 units, with cargo volumes more than doubling to 1,504 units and passenger volumes rising 19% to 269 units. SML Mahindra posted 1,065 units, a 1% increase, driven by a 5% rise in cargo sales to 532 units, offset by a 3% decline in passenger sales to 533 units. Combined April–October trucks and buses volumes stood at 20,643 units, up 24%, supported by freight movement, infrastructure activity, and festive demand.

Meanwhile, Mahindra’s Farm Equipment Business reported domestic tractor sales of 62,626 units, down 13% from 72,071 units in October 2025. Tractor exports increased 40% to 2,220 units from 1,589 units. Total tractor sales dropped 12% to 64,846 units from 73,660 units. Veejay Nakra, President of the Farm Equipment Business, pointed to a festive-calendar shift—with Diwali falling in November rather than October—as the primary reason for the domestic dip. Despite the monthly drop, cumulative domestic tractor sales for April–October reached 3,25,498 units, up 2%, while exports grew 19% to 13,416 units, bringing combined tractor volumes to 3,38,914 units, a 2% increase.