Mahindra & Mahindra December sales, production see robust growth; exports decline

Mahindra & Mahindra on Friday, January 9, released its business update for December, reporting strong year-on-year growth in total sales and production volumes, while exports declined during the month.

The company said total sales volume rose 27% year-on-year to 85,501 units, compared with 67,252 units in the same period last year. Total production volume also recorded a sharp increase, rising 25.4% year-on-year to 68,992 units from 55,015 units in December last year. In contrast, total export volumes declined 9.3% year-on-year to 2,849 units, compared with 3,142 units a year earlier.

The December performance reflects continued momentum in domestic volumes alongside moderation in overseas shipments, as outlined in the company’s monthly update.

Earlier this month, on January 6, Mahindra unveiled electric variants of the XUV 3XO. The electric version is equipped with a 39.4 kWh battery and offers a real-world range of up to 285 km. The announcement included details on pricing, launch timeline and features of the electric variants.

Also read: M&M unveils electric XUV 3XO variants — price, launch date, features here

On the same day, the company added an electric option to its fastest-selling SUV after receiving strong customer feedback. Mahindra said buyers were seeking an electric powertrain option for the popular XUV 3XO, alongside the existing petrol and diesel variants. The move followed demand from customers looking for an EV alternative within the same model lineup.

Also read: Mahindra adds an electric option to its fastest-selling SUV after buyers ask for an EV

The addition of the electric variant aligns with Mahindra’s broader product strategy, as reflected in its December business update covering production, sales and export volumes.

Shares of Mahindra & Mahindra Limited closed lower on the NSE on January 9, ending down 1.21% at ₹3,679.