NSEMonthly Business Updates1 Oct 2026 · 1 Oct 2026, 09:11 am

Monthly Business Updates

Mahindra & Mahindra Limited · M&M

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Mahindra & Mahindra Limited has announced its monthly business updates for September 2026, reporting a 15% growth in total vehicle sales to 114874 units, with a 14% growth in utility vehicle sales to 64092 units. The company's farm equipment business sold 50,208 tractors in September 2026, a 23% year-on-year decline due to the festive season shift and a higher base in September 2025.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment6/10

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Full Announcement

Mahindra & Mahindra Limited has informed the Exchange regarding Monthly Business Updates for the month of September 2026

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Mahindra & Mahindra Ltd. R,SG mahindra Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Tel: +91 22 2490 1441 Fax: +91 22 2490 0833 www.mahindra.com Ref.: M&M/SEC/2026-27/134 1st October 2026 National Stock Exchange of India Limited BSE Limited Scrip Code: M&M Scrip Code: 500520 Dear Sir/Ma’am, Sub: Three Press Releases issued by Mahindra & Mahindra Limited Please find enclosed three Press Releases issued by Mahindra & Mahindra Limited. Yours sincerely, For MAHINDRA & MAHINDRA LIMITED Sailesh Kumar Daga Company Secretary FCS: 4164 Encl: as above CC: Luxembourg Stock Exchange London Stock Exchange Plc ISIN: USY541641194 Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001, India | Tel: +91 22 6897 5500 | Fax: +91 22 22875485 | Email: group.communication@mahindramail.com | mahindra.com | CIN No. L65990MH1945PLC004558 mahindra Mahindra & Mahindra Ltd. www.mahindra.com Press Release Mahindra Auto clocks 64092 SUVs, a growth of 14% and 114874 total vehicle sales, a growth of 15% in September 2026 Mumbai, October 01, 2026: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, today announced that its overall auto sales for the month of September 2026 stood at 114874 vehicles, a growth of 15% including exports. In the Utility Vehicles segment, Mahindra sold 64092 vehicles in the domestic market, a growth of 14% and overall, 114874 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 30420 a growth of 14%. According to Dr Velusamy R, President, Automotive Business, Mahindra & Mahindra Ltd., “In September, SUV sales clocked 64092 units with a growth of 14%, and total vehicle sales stood at 114874, a 15% YoY growth. Adding to this momentum, we are proud to have crossed the milestone of 1 lakh billing of our Electric Origin SUVs since launch.” Passenger Vehicles Sales Summary (Domestic) – September 2026 September YTD September Category F27 F26 % Change F27 F26 % Change Utility Vehicles* 64092 56233 14% 358142 297570 20% Cars + Vans 0 0 Passenger Vehicles 64092 56233 14% 358142 297570 20% Commercial Vehicles and 3 Wheelers Sales Summary (Domestic) – September 2026 September YTD September Category F27 F26 % Change F27 F26 % Change LCV < 2T** 4044 3386 19% 21895 16882 30% LCV 2 T – 3.5 T*** 26376 23342 13% 134726 114176 18% 3 Wheelers (including electric 16343 13017 26% 82058 53578 53% 3Ws)** Exports – September 2026 September YTD September Category F27 F26 % Change F27 F26 % Change Total Exports** 4019 4320 -7% 30031 20303 48% Note- Total vehicle sales of 114874 units include SUVs, LCVs (<3.5T), 3-wheelers, and export volumes * Above UV Sales includes sales made by subsidiary company Mahindra Electric Automobile Limited ** Above Sales Includes sales made by subsidiary company Mahindra Last Mile Mobility Limited ***Above Sales includes Bolero Maxx PUP HD 1.9 & HD 2.0 mahindra Mahindra & Mahindra Ltd. www.mahindra.com About Mahindra Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 3,24,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise. Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/newsroom Media contact information Nayana Borthakur Head - Communications Automotive & Farm Equipment Sector Mahindra & Mahindra Limited Email - borthakur.nayana@mahindra.com mahindra Rse Mahindra & Mahindra Ltd. www.mahindra.com Mahindra Farm Equipment Business sells 50,208 Tractors in September 2026 Mumbai, October 01, 2026: Mahindra & Mahindra Ltd.’s Farm Equipment Business (FEB), part of the Mahindra Group, today announced its tractor sales numbers for September 2026. Domestic sales in September 2026 were at 50,208 units, as against 64,946 units in September 2025, a 23% year-on-year degrowth. This year-on-year decline in volumes is primarily attributable to the festive season shift, commencing in October this year, as compared with September last year. The comparison is also impacted by a higher base in September 2025, which benefited from the implementation of the GST rate cut during the period. Exports for the month stood at 1,892 units, growth of 62% over last year. Commenting on the performance, Veejay Nakra, President – Farm Equipment Business, Mahindra & Mahindra Ltd. said “We have sold 50,208 tractors in the domestic market during September 2026. The year-on-year decline in volumes is primarily attributable to the festive season shift, commencing in October this year, as compared with September last year. The comparison is also impacted by a higher base in September 2025, which benefited from the implementation of the GST rate cut during the period. In the exports market, we have sold 1,892 tractors” Farm Equipment Sector Summary September Cumulative September F27 F26 F27 F26 % Change Change Domestic 50208 64946 -23% 262872 247336 6% Exports 1892 1165 62% 11196 9689 16% Total 52100 66111 -21% 274068 257025 7% *Exports include CKD About Mahindra Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 3,24,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise. mahindra Rse Mahindra & Mahindra Ltd. www.mahindra.com Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room Media contact information Nayana Borthakur Head – Communications Automotive & Farm Sector (Corporate) Mahindra & Mahindra Limited Email – borthakur.nayana@mahindra.com mahindra Mahindra & Mahindra Ltd. www.mahindra.com Press Release Mahindra’s Trucks & Buses Business sells 2912 vehicles in September 2026, registering a growth of 53% Mumbai, October 1, 2026: Mahindra & Mahindra Ltd. (M&M Ltd.), today announced that its overall sales including exports in the Trucks and Buses business (CV > 3.5T) for the month of September 2026 stood at 2912 vehicles, a y-o-y growth of 53%. Mahindra’s Trucks & Buses business comprises of Mahindra Truck & Bus division (MTBD) and SML Mahindra Limited (SML). According to Vinod Sahay, Executive Chairman – SML, President – Aerospace, Advanced Technologies, Trucks, Buses & CE, M&M, “September marked a strong month for the truck and bus segment, helped by early festive buying, continued infrastructure activity and steady freight movement. Growth was further aided by the lower base of the previous year, when buying sentiment was impacted by anticipated regulatory changes. We enter the festive period with measured confidence even as fuel and input cost pressures persist." Trucks & Buses Business (MTBD+SML) – September 2026 September YTD September Category F27 F26 % Change F27 F26 % Change Cargo Vehicles 2043 1112 84% 8499 6884 23% Passenger Vehicles 869 792 10% 9306 7704 21% MTBD + SML Total 2912 1904 53% 17805 14588 22% Mahindra Trucks & Buses (MTBD) – September 2026 September YTD September Category F27 F26 % Change F27 F26 % Change Cargo Vehicles 1527 [Showing first 8,000 characters — download PDF for full document]