Mahindra & Mahindra Achieves Record-Breaking SUV Sales and Unveils New Electric SUV XEV 9S

Mahindra & Mahindra (M&M) has reported exceptional performance across its business segments, with record-breaking SUV sales leading the charge. The company's robust growth in automotive, farm equipment, and commercial vehicle sectors underscores its strong market position and effective product strategy. Additionally, M&M has officially unveiled the name of its next all-electric SUV - XEV 9S, further expanding its electric vehicle portfolio.

Record-Breaking SUV Sales

M&M achieved its highest-ever SUV sales, with 71,624 units sold in the domestic market, marking a remarkable 31% year-on-year growth. This milestone contributes significantly to the company's total automotive sales of 120,142 vehicles, representing a 26% overall growth including exports.

Automotive Segment Performance

The company's automotive division saw impressive growth across various segments:

Category	Sales	Year-on-Year Growth
SUVs (Domestic)	71,624	31%
Commercial Vehicles	31,741	14%
Total Automotive Sales	120,142	26%

Nalinikanth Gollagunta, CEO of M&M's Automotive Division, highlighted the launch of new editions of popular models Thar, Bolero, and Bolero Neo, which likely contributed to the strong sales figures.

Farm Equipment Business

The Farm Equipment Business also reported strong performance:

Category	Sales	Year-on-Year Growth
Domestic Tractor Sales	72,071	12%
Total Tractor Sales (incl. Exports)	73,660	13%

For the festive period of September and October combined, tractor sales grew by 27.4% compared to the same period last year. Veejay Nakra, President of the Farm Equipment Business, attributed this growth to favorable monsoon conditions and the benefit of GST rate cuts announced in September.

Commercial Vehicles and Buses

The Trucks and Buses division also showed positive momentum:

Category	Sales	Year-on-Year Growth
Total Sales (incl. Exports)	2,034	14%

Vinod Sahay, Executive Chairman of SML and President of Aerospace, Defence, Trucks, Buses & CE at M&M, noted that growth was particularly strong in the Intermediate Light Commercial Vehicle (ILCV) trucks and buses segments.

Unveiling of XEV 9S Electric SUV

In a significant development for its electric vehicle lineup, Mahindra has officially unveiled the name of its next all-electric SUV - XEV 9S. This 7-seater electric SUV is built on the company's INGLO platform and is designed as a purpose-built electric vehicle rather than a re-engineered internal combustion engine vehicle.

Key features of the XEV 9S include:

Flat-floor design for generous cabin space
Sliding second-row seats
INGLO skateboard architecture for a low center of gravity, enhancing stability and ride comfort

The world premiere of the XEV 9S is scheduled for November 27 during the Scream Electric event in Bengaluru. This launch marks one year of Mahindra's all-electric journey and represents an expansion of the company's electric portfolio following the introduction of two previous electric SUVs.

Outlook

The company's performance across segments indicates a positive trend in the Indian automotive and agricultural sectors. With the timely onset of Rabi sowing and good progress in Kharif harvesting, M&M anticipates continued strong performance in the coming months.

M&M's diverse product portfolio, strategic launches, and expansion into the electric vehicle market appear to be resonating well with consumers, positioning the company for sustained growth in the competitive Indian market. The upcoming launch of the XEV 9S further underscores Mahindra's commitment to electric mobility and its ambition to be a key player in the evolving automotive landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.89%	+1.38%	+3.55%	+21.32%	+27.70%	+431.52%

Mahindra & Mahindra Ltd (M&M), a prominent Indian multinational corporation, has announced the voluntary liquidation and deregistration of its subsidiary, Mahindra Aerospace Australia Pty Ltd (MAAPL). This move marks a significant step in M&M's strategic realignment of its aerospace operations.

Key Details of the Liquidation

Subsidiary: Mahindra Aerospace Australia Pty Ltd (MAAPL)
Parent Company: Mahindra Aerospace Private Limited (MAPL), a wholly-owned subsidiary of Mahindra & Mahindra Ltd
Effective Date: October 30, 2025
Liquidation Proceeds: AUD 3.03 million (approximately INR 17.12 crores)

Background and Context

This development follows M&M's earlier announcement on November 8, 2023, regarding its exit from the aircraft manufacturing business as part of its capital allocation process. At that time, the company had executed a Share Purchase Agreement (SPA) for the sale of its entire stake in several Australian subsidiaries of MAAPL.

Financial Impact

The liquidation of MAAPL has minimal impact on Mahindra & Mahindra's overall financial position:

Metric	MAAPL's Contribution	Percentage of M&M Consolidated
Revenue (FY 2025)	Rs. 0.48 crores	0.00%
Net Worth (as of March 31, 2025)	Rs. 16.43 crores	0.02%

Regulatory Compliance

M&M has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received the de-registration certificate from the Australian Securities & Investment Commission, confirming the voluntary liquidation of MAAPL.

Implications

This liquidation aligns with Mahindra & Mahindra's broader strategy of streamlining its operations and focusing on core businesses. By exiting the aircraft manufacturing segment and liquidating its Australian aerospace subsidiary, M&M aims to optimize its resource allocation and enhance overall operational efficiency.

The minimal financial impact of this liquidation on M&M's consolidated financials suggests that this move is more strategic than financial in nature, potentially allowing the company to redirect resources to more profitable or growth-oriented sectors within its diverse portfolio.