Mahindra & Mahindra (M&M) on February 1 announced that its overall auto sales for January 2026 stood at 1,04,309 vehicles, a growth of 24% including exports. In the utility vehicles segment, Mahindra sold 63,510 vehicles in the domestic market, a growth of 25%. The domestic sales for commercial vehicles stood at 27,656, a growth of 22%.
According to Nalinikanth Gollagunta, CEO, Automotive Division, M&M Ltd., “Building on the strong momentum of last year’s performance, we began the year on a strong note in January by achieving SUV sales of 63,510 units, a growth of 25% and LCV< 3.5T sales of 27,656 units, a growth of 22%. The total vehicle sales stand at 104,309 units, a 24% year-on-year growth. On 14th January, we opened bookings for XUV7XO and XEV 9S clocking 93,689 bookings for a booking value of Rs 20,500 crore – a record-breaking milestone in just 4 hours.”
Mahindra & Mahindra’s farm equipment business said that domestic sales in January 2026 were at 38,484 units, as against 26,305 units in January 2025, reflecting a 46% year-on-year growth. Total tractor sales (Domestic + Exports) during January 2026 were at 40,643 units, as against 27,557 units for the same period last year. Exports for the month stood at 2,159 units which was a growth of 72%.
Veejay Nakra, President, Farm Equipment Business, Mahindra & Mahindra, said “We have sold 38,484 tractors in the domestic market during January 2026 registering a robust growth of 46% over last year. High reservoir levels have supported record growth in Rabi sowing. Expectations of government support and higher allocation in rural development in the budget today should positively influence agriculture and farm mechanisation in the coming months. In the exports market, we have sold 2,159 tractors, a growth of 72% over last year.
Mahindra & Mahindra also announced that its overall sales including exports in the trucks and buses business (CV > 3.5T) for January 2026 stood at 3065 vehicles, a y-o-y growth of 40%. Mahindra’s Trucks & Buses business comprises of Mahindra Trucks & Buses division (MTBD) and SML Mahindra Limited (SML).
According to Vinod Sahay, Executive Chairma, SML, President, Aerospace, Defence, Trucks, Buses & CE, M&M, “Demand trends across the Indian CV industry have remained healthy, with supportive factors such as infrastructure spending, replacement demand, and strong rural activity driving growth since last quarter. The overall trajectory for FY26 appears robust, underpinned by continued government investments, fleet modernisation, and resilient freight movement.”