Mahindra Records 19% YoY Growth in November 2025; SUV Sales Jump 22%

Mahindra & Mahindra Ltd. delivered a strong sales performance in November 2025 registering robust growth across multiple segments. The company sold 56,336 passenger vehicles including SUVs and utility vehicles marking a 22% year on year increase from 46,222 units in November 2024. Its commercial vehicle portfolio also saw a steady rise particularly in the sub 2T and 2T–3.5T segments. In the three wheeler segment, including electric variants, Mahindra sold 8,568 units reflecting a 7% YoY growth. Exports contributed 2,923 units, up 5% from the same period last year. Overall the company’s total sales of 92,670 units highlight strong momentum in both domestic and international markets

SUV Segment Leads Growth

The SUV and utility vehicle segment has remained Mahindra’s strongest contributor-

• November sales increased by 10,114 units YoY, highlighting consistent consumer demand
• MoM Comparison- Sales decreased by 21.34% compared to October 2025 due to seasonal variations

Mahindra’s wide SUV lineup across multiple segments continues to attract buyers seeking reliable, high-performance vehicles

Domestic Year To-Date (YTD) Sales

Mahindra’s performance over the April – November 2025 period shows steady growth across all segments

• The growth is supported by new product launches especially in the electric SUV category
• Introduction of India’s first Electric Origin 7 seater SUV – XEV 9S and Formula E themed BE 6 Edition contributed to positive consumer response

Commercial Vehicles And 3-Wheelers

• LCVs below 2T- 3,255 units sold in November 2025, up 5% YoY
• LCVs 2T–3.5T- 21,588 units sold, up 20% YoY
• 3-Wheelers (Including Electric)- 8,568 units, up 7% YoY

YTD Performance

• 3W segment saw 28% growth, indicating strong demand for electric and conventional models

These numbers show Mahindra’s strength in both passenger and commercial vehicle markets, ensuring a balanced revenue base

Exports Show Positive Momentum

• Mahindra shipped 2,923 units in November 2025 marking a 5% YoY increase from 2,776 units in November 2024
• YTD Exports- 27,241 units, a 30% increase reflecting growing international demand

The company is steadily expanding its global footprint while maintaining strong domestic sales

Key Factors Behind Growth

• SUV Popularity- Consumers continue to favor SUVs for space, performance and durability
• Electric Vehicle Launches- New EV SUVs like the XEV 9S attract attention and diversify the portfolio
• Balanced Segment Performance- Growth across PVs, CVs and 3Ws ensures stability
• Exports Growth- Rising demand in international markets contributes to overall sales figures

Mahindra’s November 2025 performance highlights a 19% YoY growth in total vehicles and a 22% surge in SUV sales, with positive contributions from commercial vehicles, 3-wheelers and exports. With ongoing EV launches and robust product portfolios, the company is well positioned for further growth in both domestic and global markets