Ishita Sharma 2026-06-03
Mahindra & Mahindra Ltd. reported strong vehicle sales for May 2026, recording total dispatches of 99,636 units, including exports. This marks a year-on-year increase of 20% over May of the previous year. The company's Utility Vehicle (UV) range remained the key growth driver, with domestic SUV sales reaching 58,021 units during the month. When overseas shipments are included, overall SUV sales climbed to 59,573 units in May 2026.
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Mahindra recorded domestic utility vehicle sales of 58,021 units in May 2026, registering an 11% year-on-year growth compared to 52,431 units sold in May 2025. The UV portfolio accounted for the company's entire passenger vehicle sales during the month, as Mahindra currently does not operate in the traditional passenger car and van segments.
|
Mahindra PVs |
Sales |
May 2026 Sales Vs |
Diff |
% Growth |
|
May-26 |
58,021 |
May 2025 (YoY) |
5,590 |
10.66 |
|
May-25 |
52,431 |
Apr 2026 (MoM) |
1,690 |
3.00 |
|
Apr-26 |
56,331 |
- |
- |
- |
Summary
During the April–May 2026 period, Mahindra's domestic passenger vehicle sales reached 114,352 units, reflecting a 9% increase over the 104,761 units sold in the corresponding period of the previous financial year.
Mahindra’s commercial vehicle division continued its positive momentum in May 2026, registering growth across key segments. Sales of light commercial vehicles (LCVs) under 2 tonnes rose 35% year-on-year to 3,490 units, while the 2T–3.5T LCV category recorded a 16% increase, reaching 20,589 units.
Passenger Vehicles Sales Summary (Domestic) – May 2026
|
Category |
May F27 |
May F26 |
% Change |
YTD May F27 |
YTD May F26 |
% Change |
|
Utility Vehicles* |
58,021 |
52,431 |
11% |
114,352 |
104,761 |
9% |
|
Cars + Vans |
0 |
0 |
- |
0 |
0 |
- |
|
Passenger Vehicles |
58,021 |
52,431 |
11% |
114,352 |
104,761 |
9% |
|
Category |
May F27 |
May F26 |
% Change |
YTD May F27 |
YTD May F26 |
% Change |
|
LCV < 2T** |
3,490 |
2,580 |
35% |
6,474 |
5,232 |
24% |
|
LCV 2T – 3.5T*** |
20,589 |
17,718 |
16% |
41,032 |
36,859 |
11% |
|
3 Wheelers (including electric 3Ws)** |
12,536 |
6,635 |
89% |
22,435 |
12,105 |
85% |
|
Category |
May F27 |
May F26 |
% Change |
YTD May F27 |
YTD May F26 |
% Change |
|
Total Exports** |
5,000 |
3,646 |
37% |
9,970 |
7,027 |
42% |
Key Highlights
The three-wheeler segment emerged as the strongest growth driver for Mahindra during the month. The company sold 12,536 three-wheelers, including electric models, marking an impressive 89% increase from 6,635 units sold in May 2025. For the April–May 2026 period, three-wheeler sales reached 22,435 units, representing an 85% year-on-year rise compared to 12,105 units recorded in the corresponding period last year.
Mahindra’s export operations continued to witness strong growth in May 2026. The company exported 5,000 units during the month, reflecting a 37% increase over the 3,646 units shipped in May 2025. Cumulative exports for the April–May 2026 period stood at 9,970 units, up 42% compared to 7,027 units recorded during the same period of the previous financial year.