Mahindra & Mahindra Ltd Share Price – NSE  / BSE

Automobile, Mid Cap

The production increased 13.24% to 102,701 units in March 2026, while exports declined 6.61% YoY to 4,042 units in March 2026.

Meanwhile, the company?s wholly owned subsidiary, Mahindra Overseas Investment Company (MOIC), Mauritius along with its wholly owned subsidiary, Erkunt Trakt?r Sanayii Anonim Şirketi (Erkunt Traktor) has entered into stock purchase agreement to divest their 99.04% stake in Erkunt Sanayi Anonim Şirketi (Erkunt Foundry). The stake will be sold to Hisarlar Makina Sanayi ve Ticaret A.Ş., Oguzhan Sahinkaya and Bunyamin Sarioglu.

The total consideration to be received by the MOICML and Erkunt Traktor is Turkish Lira 1,00,000 (around Rs 2,13,000 at the prevailing foreign exchange rate), post infusion of Turkish Lira 1.2 billion by MOICML (approximately Rs 256 crore at the prevailing foreign exchange rate, for extinguishing external debt and funding the business until closing of the transaction).

Mahindra & Mahindra (M&M) Group enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

The company?s consolidated net profit jumped 47% to Rs 4674.64 crore on 24.4% increase in net sales to Rs 51579.95 crore in Q3 FY26 over Q3 FY25.

The counter fell 1.89% to Rs 3,200 on the BSE.

In the Utility Vehicles segment, Mahindra sold 60,272 vehicles in the domestic market, reflecting 25% growth, while exports fell 4% YoY to 3,968 units in March 2026. Domestic sales for commercial vehicles grew 11% to 24,928 units.

For the financial year, M&M recorded all-time-high volumes of 6,60,276 SUVs and 2,89,597 LCVs (<3.5T), marking robust YoY growth of 20% and 13%, respectively, across both segments.

Meanwhile, the company?s farm equipment business domestic sales in March 2026 rose to 43,403 units, up from 32,582 units in March 2025, marking a 33% year-on-year growth.

Total tractor sales (domestic + exports) during March 2026 stood at 45,035 units, up 29% YoY from 34,934 units a year ago. However, tractor exports for the month fell 31% YoY to 1,632 units.

Veejay Nakra, President ? Farm Equipment Business, Mahindra & Mahindra, said, ?We have sold 43,403 tractors in the domestic market during March 2026 registering a robust growth of 33% over last year. A significant part of this high growth was driven by the full Navratri season falling entirely in March?26, unlike last year when it was split between March and April. We ended FY26 with the highest ever sales of 5,05,930 registering growth of 24%. In the exports market, we have sold 1,632 tractors.?

Mahindra & Mahindra (M&M) Group enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

On a standalone basis, the company?s net profit surged 17.7% to Rs 4,520.52 crore on a 21.3% rise in revenue from operations to Rs 33,421.60 crore in Q2 FY26 over Q2 FY25, reflecting broad-based growth across the auto and farm segments.

Mahindra & Mahindra announced that its overall sales including exports in the Trucks and Buses business (CV > 3.5T) for the month of March 2026 stood at 4267 vehicles, a y-o-y growth of 13%.

Mahindra's Trucks & Buses business comprises of Mahindra Trucks & Buses division (MTBD) and SML Mahindra (SML).

Mahindra & Mahindra tractors sales rose 29% to 45,035 units in month of March 2026 compared to 34,934 units in March 2025. Domestic tractors sales rose 33% to 43,403 units while exports declined 31% to 1,632 units in March.

For FY2026, the company sold 5,26,403 tractors, recording a growth of 24%. Domestic tractors sales rose 24% to 5,05,930 units while exports rose 17% to 20,473 units in FY2026.

Commenting on the performance, Veejay Nakra, President - Farm Equipment Business, Mahindra & Mahindra said ?We have sold 43,403 tractors in the domestic market during March 2026 registering a robust growth of 33% over last year. A significant part of this high growth was driven by the full Navratri season falling entirely in March'26, unlike last year when it was split between March and April. We ended FY26 with highest ever sales of 5,05,930 registering growth of 24%. In the exports market, we have sold 1632 tractors.?