Mahindra & Mahindra Reports Production, Sales and Export Figures for April 2026
Mahindra & Mahindra reported total production of 95,276 units and total sales of 92,631 units for April 2026, compared to 87,683 units and 82,281 units respectively in April 2025. Exports rose to 5,007 units from 3,401 units in the same period. The Electric Origin SUV, XUV7XO, and the newly introduced Udo electric three-wheeler were among the key contributors to volume growth. The commercial vehicles segment also saw production climb to 30,197 units and exports surge to 3,492 units in April 2026. The figures are unaudited and subject to revision following an independent audit.

*this image is generated using AI for illustrative purposes only.
Mahindra & Mahindra has submitted its monthly production, sales, and export figures for April 2026 to the stock exchanges as part of its regulatory disclosure obligations. The data, filed on 9th May 2026 by Company Secretary Sailesh Kumar Daga, covers performance across utility vehicles, vans, electric rickshaws, electric carts, three-wheelers, and commercial vehicles. The company has noted that the figures have not been independently verified or audited, and final figures after audit may vary.
Overall Performance: April 2026 vs April 2025
Mahindra & Mahindra's aggregate numbers reflect broad-based growth across production, sales, and exports when comparing April 2026 with April 2025. The following table summarises the headline figures:
| Metric: | Apr-25 | Apr-26 |
|---|---|---|
| Total Production (Units): | 87,683 | 95,276 |
| Total Sales (Units): | 82,281 | 92,631 |
| Total Exports (Units): | 3,401 | 5,007 |
Utility Vehicle Segment Performance
The utility vehicle segment remained the largest contributor to overall volumes. Key model-wise highlights for April 2026 are presented below:
| Model: | Fuel Type: | Production Apr-25 | Production Apr-26 | Sales Apr-25 | Sales Apr-26 | Export Apr-25 | Export Apr-26 |
|---|---|---|---|---|---|---|---|
| Thar + Thar Roxx | Diesel | 9,280 | 9,234 | 10,040 | 9,492 | 0 | 0 |
| Thar + Thar Roxx | Petrol | 864 | 945 | 663 | 967 | 0 | 0 |
| KUV100 | Diesel | 0 | 0 | 0 | 0 | 0 | 0 |
| KUV100 | Petrol | 153 | 6 | 0 | 0 | 28 | 0 |
| XUV3XO and XUV400 | Diesel and Electric | 2,733 | 1,390 | 2,561 | 1,575 | 0 | 0 |
| XUV3XO | Petrol | 7,366 | 7,297 | 5,344 | 6,008 | 628 | 1,289 |
| XUV300 | Diesel | 0 | 0 | 0 | 0 | 0 | 0 |
| XUV300 | Petrol | 0 | 0 | 0 | 0 | 140 | 0 |
| Bolero | Diesel | 9,608 | 8,631 | 8,380 | 8,917 | 29 | 0 |
| Marazzo | Diesel | 0 | 0 | 6 | 0 | 0 | 0 |
| Scorpio | Diesel | 14,080 | 13,681 | 14,973 | 13,963 | 9 | 213 |
| Scorpio | Petrol | 520 | 605 | 561 | 756 | 0 | 0 |
| XUV700 | Diesel | 4,627 | 0 | 5,296 | 0 | 0 | 0 |
| XUV700 | Petrol | 2,812 | 0 | 1,515 | 1 | 1,696 | 0 |
| XUV7XO | Diesel | 0 | 6,642 | 0 | 6,756 | 0 | 0 |
| XUV7XO | Petrol | 0 | 1,758 | 0 | 1,873 | 0 | 0 |
| Electric Origin SUV* | Electric | 3,524 | 5,594 | 2,991 | 6,023 | 0 | 0 |
UV Sales includes sales made by subsidiary company Mahindra Electric Automobile Limited.
A notable development within the utility vehicle segment is the transition from the XUV700 to the XUV7XO nameplate. The XUV700 recorded zero production and negligible sales in April 2026, while the XUV7XO posted production of 8,400 units (diesel: 6,642; petrol: 1,758) and sales of 8,629 units (diesel: 6,756; petrol: 1,873). The Electric Origin SUV saw production rise to 5,594 units from 3,524 units, with sales climbing to 6,023 units from 2,991 units. The XUV3XO (petrol) recorded exports of 1,289 units in April 2026, up from 628 units in April 2025.
Three-Wheeler, E-Rickshaw, and Last-Mile Mobility Segment
The three-wheeler and last-mile mobility categories also reported notable movements in April 2026. The Udo electric three-wheeler (passenger) entered the data with production of 3,500 units and sales of 3,527 units in April 2026, having recorded no volumes in April 2025. The Treo (3W-Pass, Electric) saw production increase to 4,357 units from 3,962 units, with sales rising to 4,917 units from 4,213 units.
| Model: | Category: | Fuel Type: | Production Apr-25 | Production Apr-26 | Sales Apr-25 | Sales Apr-26 |
|---|---|---|---|---|---|---|
| e-Alfa Mini | E-Rickshaw | Electric | 160 | 0 | 301 | 281 |
| Treo Yaari | E-Rickshaw | Electric | 65 | 0 | 56 | 20 |
| Treo Yaari | E-Cart | Electric | 0 | 0 | 0 | 9 |
| e-Alfa Cargo | E-Cart | Electric | 0 | 2 | 31 | 28 |
| Alfa | 3W-Pass | Diesel | 26 | 120 | 29 | 80 |
| Alfa | 3W-Pass | CNG | 190 | 118 | 149 | 100 |
| Treo | 3W-Pass | Electric | 3,962 | 4,357 | 4,213 | 4,917 |
| Udo | 3W-Pass | Electric | 0 | 3,500 | 0 | 3,527 |
| Alfa | 3W-Goods | Diesel | 26 | 219 | 6 | 169 |
| Treo | 3W-Goods | Electric | 100 | 56 | 68 | 46 |
| Alfa | 3W-Goods | CNG | 318 | 182 | 214 | 199 |
| Zor Grand | 3W-Goods | Electric | 390 | 692 | 403 | 523 |
Above sales include sales made by subsidiary company Mahindra Last Mile Mobility Limited.
Commercial Vehicles
The commercial vehicles segment, which includes sales made by subsidiary companies Mahindra Last Mile Mobility Limited and SML Mahindra Limited (formerly SML Isuzu Limited), reported production of 30,197 units in April 2026 compared to 26,879 units in April 2025. Sales in this segment stood at 26,401 units versus 24,481 units, while exports rose sharply to 3,492 units from 799 units in the year-ago period.
| Metric: | Apr-25 | Apr-26 |
|---|---|---|
| Production (Units): | 26,879 | 30,197 |
| Sales (Units): | 24,481 | 26,401 |
| Exports (Units): | 799 | 3,492 |
The Vans category also recorded activity, with the Maxximo (Diesel) posting production of 50 units and exports of 1 unit in April 2026, compared to zero across all metrics in April 2025. The company's disclosure was addressed to the National Stock Exchange of India Limited and BSE Limited, and was also copied to the Luxembourg Stock Exchange and London Stock Exchange Plc.
Historical Stock Returns for Mahindra & Mahindra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.02% | -3.08% | -4.54% | -17.11% | +0.23% | +309.61% |
How will the XUV7XO's market reception and pricing strategy impact Mahindra's competitive positioning against rivals like Tata Motors and Hyundai in the premium SUV segment over the next two quarters?
Given the sharp 337% year-on-year surge in commercial vehicle exports, which new international markets is Mahindra targeting, and could this export momentum be sustained amid global trade uncertainties?
With Electric Origin SUV sales nearly doubling year-on-year, what is Mahindra's EV charging infrastructure investment roadmap, and how might government EV incentive policy changes affect this growth trajectory?

































