Mahindra records 99,636 vehicle sales in May 2026, registers 20% YoY growth.
India's leading automotive manufacturer, Mahindra & Mahindra Ltd (M&M Ltd), reported solid year-on-year growth in its total vehicle sales of 20% in May 2026, with exports also contributing to the sales figure of 99,636.
That positive trend was sustained throughout the range of utility vehicles, commercial vehicles and three-wheelers, despite a few supply chain challenges at certain suppliers' locations.
Mahindra SUV Sales in May 2026
Mahindra remained on top in the SUV segment in May 2026 with their stellar performance.
- Domestic SUV sales increased 11% compared to 52,431 cars sold in May 2025 to 58,021 units.
- Total sales of Utility Vehicles (including exports) amounted to 59,573.
- Passenger Vehicle sales were also 58,021 with a year-on-year increase of 11%.
Passenger Vehicle Sales Summary (Domestic)
Utility Vehicles
- May FY27: 58,021 units
- May FY26: 52,431 units
- Growth: 11%
Passenger Vehicles
- May FY27: 58,021 units
- May FY26: 52,431 units
- Growth: 11%
Commercial Vehicle Performance
Mahindra's Commercial Vehicle business clocked healthy growth in various segments.
- Domestic Commercial Vehicle sales had increased by 19% to 24,079 units in the year.
- There was strong demand for light commercial vehicles (LCVs) and three-wheelers in the company.
Commercial Vehicles and Three-Wheelers Sales Summary
LCV Below 2 Tonnes
- May FY27: 3,490 units
- May FY26: 2,580 units
- Growth: 35%
LCV 2 Tonnes – 3.5 Tonnes
- May FY27: 20,589 units
- May FY26: 17,718 units
- Growth: 16%
3-Wheelers (Including Electric)
- May FY27: 12,536 units
- May FY26: 6,635 units
- Growth: 89%
Export Performance
Mahindra's export business also recorded healthy growth during May 2026.
- Total exports increased to 5,000 units, compared to 3,646 units in May 2025.
- Export growth stood at 37% year-on-year.
Export Sales Summary
- May FY27: 5,000 units
- May FY26: 3,646 units
- Growth: 37%
Year-to-Date (YTD) Performance
Mahindra continued to post positive growth across all major segments during the first two months of FY27.
Passenger Vehicles YTD
Utility Vehicles
- FY27 YTD: 114,352 units
- FY26 YTD: 104,761 units
- Growth: 9%
Passenger Vehicles
- FY27 YTD: 114,352 units
- FY26 YTD: 104,761 units
- Growth: 9%
Commercial Vehicles and Three-Wheelers YTD
LCV Below 2 Tonnes
- FY27 YTD: 6,474 units
- FY26 YTD: 5,232 units
- Growth: 24%
LCV 2 Tonnes – 3.5 Tonnes
- FY27 YTD: 41,032 units
- FY26 YTD: 36,859 units
- Growth: 11%
3-Wheelers (Including Electric)
- FY27 YTD: 22,435 units
- FY26 YTD: 12,105 units
- Growth: 85%
Exports YTD
- FY27 YTD: 9,970 units
- FY26 YTD: 7,027 units
- Growth: 42%
Management Commentary
Commenting on the sales performance, Nalinikanth Gollagunta, CEO, Automotive Division, Mahindra & Mahindra Ltd., said:
"In May, we achieved SUV sales of 58,021 units, a growth of 11%, and total vehicle sales stood at 99,636, a 20% YoY growth. The sustained demand across our portfolio continues, constrained by supply chain challenges due to manpower shortages at select suppliers."
Conclusion
In May 2026, Mahindra saw its total vehicle sales reach 99,636 units, bolstered by strong demand for three-wheelers, commercial vehicles, and SUVs. The firm enjoyed double-digit expansion in its key segments, and it also had export momentum. Nevertheless, as supply chain challenges persist, Mahindra is continuing to build on its footprint in the Indian automotive industry with steady demand and a diverse line-up of vehicles.
