Rajesh Jejurikar, Govt Director and CEO, Auto & Farm Sectors, M&M Ltd.
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Mahindra & Mahindra Restricted reported a 33 per cent enhance in standalone revenue to ₹3,931 crore within the third quarter with good demand coming in for its SUVs and tractors. So as to cater to the demand the corporate is boosting capability over the following three years.
The nation’s No 1 SUV maker reported a 26 per cent rise in quarterly income at ₹38,942 crore, with each tractor and SUV volumes up 23 per cent. It bought over 3 lakh automobiles and 1.5 lakh tractors in the course of the quarter.
“Sturdy execution is driving our margins, and new product launches have executed extraordinarily nicely and positions us nicely for the longer term,” mentioned Anish Shah, Mahindra group’s CEO and Managing Director in a media briefing. Margins within the automotive section expanded 90 bps and within the farm section it was up 240 bps.
Within the 10 months of the present fiscal 12 months, the corporate bought over 41,000 electrical automobiles, and the brand new XEV9S launched in November would give it a further increase. “The 9S has additionally received an excellent response… deliveries simply beginning a few week again,” mentioned Rajesh Jejurikar, Govt Director and CEO, Auto and Farm sector.
Capability growth
In 2026, the corporate can be enhance capacities for each inside combustion engines and EVs, with a further 3,000 automobiles per thirty days being produced no less than by the final quarter of the 12 months. Growth can be achieved via debottlenecking at Chakan and Nashik.
In 2027, the merchandise from the NU IQ platform will begin rolling out from Chakan and that might additionally lead to elevated capability, Jejurikar mentioned.
In 2028, its not too long ago introduced facility at Nagpur will start manufacturing and capability can be added steadily over a interval.
The cuts in Items and Companies Tax final 12 months had helped in boosting demand; Jejurikar mentioned that the impact of that can be long-term as it might stimulate consumption.
Automotive division
The automotive division posted robust efficiency, with income up 30 per cent at ₹30,370 crore and PBIT of ₹2,607 crore.
In CY 2026, the corporate plans to launch 2 ICE SUVs and a couple of gentle industrial automobiles. Within the present fiscal 12 months it has launched two new nameplates and several other refreshes.
An increase in uncooked materials inputs has led to the corporate climbing costs of its passenger automobiles by round 1 per cent, mentioned Jejurikar.
On a consolidated foundation, the corporate reported PAT of ₹4,675 crore, up 54 per cent excluding the influence of the labour codes, on a income of ₹52,100 crore.
Printed on February 11, 2026
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