Mahindra’s SUV wholesales jump 18% in June

Mahindra & Mahindra (M&M) on Tuesday reported an 18% jump in sport utility vehicle (SUV) wholesales for the month of June. The automaker dispatched 47,306 units to dealerships across India and exported 1,023 units in June.

The domestic sales for commercial vehicles stood at 20,575. M&M announced that its overall auto sales for the month of June 2025 stood at 78,969 vehicles, a growth of 14%, including exports.

“In June, we achieved SUV sales of 47,306 units, a growth of 18%, and total vehicle sales of 78,969 units, a 14% growth compared to the same month last year. The quarter ended on a very positive note for us, marking the highest quarter ever for SUVs,” said Nalinikanth Gollagunta, CEO, Automotive Division, M&M.

This comes at a time when the industry is expected to grow in low single digits.

M&M has emerged as India’s third-largest electric vehicle maker in June. According to retail sales data sourced from the government’s VAHAN ports, M&M sold 2,979 EVs in June, cornering a 22.9% market share on the back of two "born electric" EVs – BE 6 and XEV 9E. In comparison, Tata Motors sold 4,650 electric cars and accounted for 35.78% of the EV market share while JSW MG Motor India sold 3,945 EVs to clock 30% market share. Hyundai Motor India, which sells the Creta EV, sold 509 units in June with 3.9% market share.

Mahindra & Mahindra’s Farm Equipment Business also announced its tractor sales numbers for June 2025. Domestic sales in June 2025 were at 51,769 units, as against 45,888 units in June 2024, reflecting a 13% year-on-year growth. Total tractor sales (Domestic + Exports) during June 2025 were at 53,392 units, as against 47,319 units for the same period last year. Exports for the month stood at 1,623 units.

“We have sold 51,769 tractors in the domestic market during June 2025, a growth of 13% over last year. The industry posted growth in June 2025, primarily driven by cash flow from Rabi crop harvesting and widespread arrival of monsoon across most regions,” said Veejay Nakra, President – Farm Equipment Business, Mahindra & Mahindra.

“With better long-term rainfall departure this month, land preparation activities are well supported for the upcoming Kharif season. Record foodgrain production especially rice, wheat, pulses coupled with various Government initiatives to improve farmer income are expected to augur well for tractor demand in the coming months. In the exports market, we have sold 1,623 tractors, a growth of 13% over last year,” Nakra said.