M&M Sees 14% Increase in April Sales Fueled by Tractor and Export Growth

The company’s total sales in April increased by 14% year-on-year, reaching 94,627 units. Sales of passenger vehicles experienced a more modest rise, up 8% to 56,331 units compared to 52,330 units during the same month last year.

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CNBCTV18.com May 1, 2026, 2:10:11 PM IST (Updated)

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Auto giant Mahindra & Mahindra Ltd. reported consistent growth in April sales, driven by robust tractor demand and a notable increase in exports.

The company’s total sales for April rose by 14% year-on-year to 94,627 units. Passenger vehicle sales experienced an 8% increase to 56,331 units, compared to 52,330 units during the same month last year.

Growth was more pronounced in the agricultural segment, with tractor sales surging 21% year-on-year to 48,411 units, up from 40,054 units. Exports rose by 47% to 4,970 units, compared to 3,381 units a year earlier.

Shares of Mahindra & Mahindra Ltd. closed Thursday’s trading session down 1.84% at ₹3,094.20. The stock has faced challenges, declining by 18% so far this year.