Mahindra & Mahindra reported total vehicle sales of 1,06,207 units in June 2026, registering an overall growth of 37% including exports. The company's Utility Vehicles segment sold 60,393 units in the domestic market, a growth of 28%, while overall sales including exports stood at 61,504 units. Domestic sales for Commercial Vehicles stood at 26,076 units, a growth of 35%. The total vehicle sales include SUVs, LCVs (<3.5T), 3-wheelers, and export volumes.

Automotive Division Performance

Nalinikanth Gollagunta, CEO, Automotive Division, Mahindra & Mahindra Ltd, attributed the performance to robust growth across the portfolio. The company achieved SUV sales of 60,393 units and LCV <3.5T segment sales of 26,076 units, delivering growth of 28% and 35%, respectively. Total exports for the month stood at 5,918 units, a significant increase of 125% compared to the previous year.

Farm Equipment Business

The Farm Equipment Business (FEB) sold 58,177 tractors in the domestic market during June 2026, registering a growth of 12% over the previous year. Total tractor sales, including exports, stood at 59,935 units against 53,392 units in the same period last year, surpassing the market estimate of 56,000 units, a growth of 12%. Exports for the month were 1,758 units, a growth of 8%. Veejay Nakra, President – Farm Equipment Business, noted that government interventions like sustained fertilizer subsidies are expected to mitigate risks to farmers.

Trucks & Buses Business

The Trucks & Buses business (CV > 3.5T) reported overall sales of 3,249 vehicles in June 2026, a year-on-year growth of 5%. This business comprises the Mahindra Trucks & Buses division (MTBD) and SML Mahindra Limited (SML). Vinod Sahay, Executive Chairman – SML, highlighted that while infrastructure-led demand supports the industry, recent increases in fuel prices have tempered fleet expansion decisions.

Mahindra & Mahindra has revised the infusion terms for the divestment of its entire stake in step-down subsidiary Erkunt Traktor Sanayii Anonim Şirketi. The company informed the exchanges on June 30, 2026, that the infusion amount was increased to Turkish Lira 2.26 billion (~₹471 crore) to extinguish external debt and fund the business until the transaction closes. The deal is expected to be completed by August 15, 2026.

The amendment involves Mahindra Overseas Investment Company (Mauritius) Limited (MOICML), a wholly owned subsidiary, and its subsidiary Erkunt Traktor. The buyers are Hisarlar Makina Sanayi ve Ticaret A.Ş., Mr. Oguzhan Sahinkaya, and Mr. Bunyamin Sarioglu. While the consideration to be received by MOICML and Erkunt Traktör remains unchanged at Turkish Lira 1,00,000 (Rs. 2,13,000), the buyers will also infuse USD 10 million (₹95 crore) as part of the revised terms.

The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Other details provided in the previous letter dated April 10, 2026, remain unchanged. The intimation was uploaded on the company's website and submitted to the National Stock Exchange of India Limited and BSE Limited.

Transaction Details

The following table summarizes the key parties, their roles, and the corresponding consideration or infusion amounts under the revised terms:

The closing of the transaction is anticipated by August 15, 2026. The revised terms were executed to facilitate the extinguishment of external debt and ensure business continuity funding until the deal is finalized.