• Capacity expansion plans: Total manufacturing capacity is set to increase from around 68,000 units to 82,000 units by the end of the fiscal year, comprising 70,000 ICE units and 12,000 EV units.
• Pricing actions taken: Mahindra enacted three price increases of 1% in January, 1.3% in April, and 2.7% in July to manage volatile commodity costs, with overall demand remaining robust.
• Commercial vehicle momentum: Domestic CV sales rose 23% year-on-year to 25,204 units in July, driven by an ongoing replacement supercycle across infrastructure and agricultural applications.
• Future product pipeline: Following the recent rollout of the XUV9 and 7XO, the company plans two major brand launches next calendar year across ICE and EV platforms.
• Annual growth guidance: The company is projecting mid-to-high teens growth for the SUV segment and high single-digit growth for the light commercial vehicle segment for FY27.