Mahindra & Mahindra reported total sales of 103,502 units in June 2026, a 32% increase from 78,142 units in June 2025. Production for the month rose to 110,795 units compared to 85,232 units in the corresponding period of the previous year. The company submitted its production, sales, and export figures to the National Stock Exchange of India Limited and BSE Limited on July 9, 2026.

Utility Vehicles Performance

The Utility Vehicles segment saw robust demand, with the Scorpio model leading sales at 14,097 units, comprising 13,876 diesel units and 221 petrol units. The Bolero followed with sales of 9,115 units. The newly introduced XUV7XO model contributed 9,244 units in sales, split between 7,227 diesel and 2,017 petrol variants. The Electric Origin SUV recorded sales of 7,174 units, while the XUV3XO and XUV400 models combined sold 3,364 units.

Commercial and Three-Wheeler Sales

Commercial Vehicles sales, including figures from subsidiary companies Mahindra Last Mile Mobility Limited and SML Mahindra Limited, totaled 29,289 units, up from 22,382 units in June 2025. In the three-wheeler passenger segment, the Treo model saw sales rise to 7,804 units from 6,449 units. The Udo model reported 4,460 units sold in June 2026.

Export Figures

Total exports for the month stood at 5,954 units, an increase from 2,698 units in June 2025. Commercial Vehicles accounted for the majority of exports at 4,676 units. The three-wheeler segment contributed 167 units to the total export figures.

Subsidiary Contributions

The reported sales figures include contributions from subsidiary companies. Sales of the Electric Origin SUV include figures from Mahindra Electric Automobile Limited. Sales in the three-wheeler and commercial vehicle segments include data from Mahindra Last Mile Mobility Limited. The figures have not been independently verified or audited, and final numbers may vary post-audit.

Mahindra & Mahindra will hold its 80th Annual General Meeting on July 30, 2026, at 3:00 p.m. IST through video conferencing. The Board has recommended a dividend of ₹33 (660%) per Ordinary (Equity) Share of face value ₹5 each for FY26, subject to shareholder approval. The equity dividend outgo would absorb ₹4,103.65 crore, representing a payout of 26.2% of standalone net profit. The Company released its Integrated Annual Report for Financial Year 2025-26, reporting a 25% rise in consolidated income from operations to ₹1,98,639 crore and a 32% increase in Profit After Tax (PAT) to ₹17,099 crore. The record date for dividend is Friday, July 3, 2026, and dividend will be paid after July 30, 2026, subject to shareholder approval.

Financial Highlights for FY26

Mahindra & Mahindra delivered a strong financial performance in FY26, with consolidated income from operations rising 25% over FY25 and standalone income from operations growing 25% over FY25. The following table summarises the key financial metrics:

The standalone profit before Depreciation, Finance Costs, Share of Profit of Associates and Joint Venture, Exceptional items and Taxation increased by 25.5% to Rs. 25,264.66 crore. The consolidated profit before exceptional items, share of profit of associates and joint ventures and tax for the year is Rs. 23,513 crore as compared to Rs. 17,542 crore in the previous year, registering an increase of 34.0%.

Business Performance

The Automotive Sector posted total sales of 11,17,698 vehicles, registering a growth of 18.8% over the previous year. In the domestic market, the Company crossed the 1 million mark for the first time, achieving record domestic volumes of 10,76,668 vehicles. The Company ranked No. 1 in SUV revenue market share with a 25.3% share, up 260 bps, and emerged as India's No. 1 E-SUV player by revenue market share with a 37.4% share. EV penetration within the SUV portfolio reached 9.6% in Q4 FY26, with E-SUVs achieving an end-to-end EBITDA margin of 9.1% in their first full year of operations.

The Farm Equipment Sector recorded total sales of 5,26,403 tractors, registering a growth of 24.0% over the previous year. The Company achieved its highest ever domestic market share of 43.6%, retaining market leadership for the 43rd consecutive year. Farm Machinery revenue grew 32% to ₹1,354 crore.

In February 2026, the Company announced its largest ever integrated manufacturing facility in Nagpur with an investment of ₹15,000 crore over ten years. Once fully operational, the facility will have an annual production capacity of over 5 lakh vehicles and 1 lakh tractors. The Company also acquired a 58.97% stake in SML Mahindra Limited (formerly SML Isuzu Limited), doubling the combined market share in trucks and buses to 6%.

Key Subsidiary Performance

Tech Mahindra Limited reported a consolidated operating revenue of Rs. 56,815 crore in the current year as compared to Rs. 52,988 crore in the previous year, registering an increase of 7.2%. Mahindra & Mahindra Financial Services Limited reported a consolidated operating revenue of Rs. 21,005 crore, registering an increase of 13.8%, with closing business AUM of Rs. 1,34,096 crore, a growth of 12.1%. Mahindra Lifespace Developers Limited reported a consolidated operating revenue of Rs. 1,178 crore as compared to Rs. 372 crore in the previous year, registering an increase of 216.7%. Mahindra Logistics Limited reported a consolidated operating revenue of Rs. 6,999 crore, registering an increase of 14.6%, and returned to PAT profitability.

AGM Agenda

The 80th AGM will transact the following key items of business:

E-voting Schedule and Procedures

The Company has engaged KFin Technologies Limited to provide remote e-voting facilities. Shareholders whose names appear in the Register of Members or the Register of Beneficial Owners as on the cut-off date of July 23, 2026, are entitled to vote and participate.

Votes cast during the remote e-voting period cannot be changed subsequently. Members who have not voted remotely may participate in e-voting during the AGM via the integrated platform. The facility for appointing proxies is not available since the meeting is held via video conferencing. The results of the voting will be declared within two working days from the conclusion of the meeting and will be available on the Company's website and the stock exchanges.