Mahindra & Mahindra Ltd achieved a significant milestone in October 2026, with total vehicle sales growing 9% year-on-year to a record 131,109 units. According to reports from Rediff Moneynews, this represents the highest monthly sales figure in the company's history. The total sales figure includes exports, which demonstrated exceptional growth of 77% to 7,102 units during the month, contributing significantly to the overall performance. As per Rediff Moneynews, M&M Automotive business President Velusamy R confirmed that the SUV sales of 73,338 units and total vehicle sales of 131,109 units in October were the highest ever in any month.
The company's domestic market performance showed steady growth across key segments. Domestic passenger vehicle sales rose 2% year-on-year to 73,338 units in October, as reported by Rediff Moneynews. Commercial vehicle sales also contributed positively, with commercial vehicle sales rising 4% to 33,037 units during the month. This balanced growth across both passenger and commercial segments supported the overall record-breaking performance, with the festive season and refreshed product portfolio driving strong demand across SUVs, pick-ups and three-wheelers.
The commercial vehicle segment showed varied performance across different categories. Three-wheeler sales, including electric ones, increased 38% to 17,632 units, demonstrating strong demand for multi-utility vehicles, according to Rediff Moneynews. In the light commercial vehicle segment, LCVs between 2-3.5 ton grew 5% to 28,654 units, while sales of LCVs under 2 ton slipped 4% to 43,83 units. The mixed performance in this segment reflects the diverse demand patterns across different commercial vehicle categories.
According to Rediff Moneynews, M&M Automotive business President Velusamy R attributed the record performance to multiple factors. The festive season, together with a refreshed portfolio, kept demand strong across SUVs, pick-ups and three-wheelers. The company's innovation in alternative fuel vehicles was also highlighted, with the first CNG vehicle, the XUV 3XO ZNG, seeing strong traction with customers. This diversified approach to product offerings and market timing contributed to the exceptional sales achievement, with the festive season and refreshed portfolio driving particularly strong demand across the company's key segments.
