• Domestic demand trends: Mahindra recorded 28% year-on-year growth in domestic SUV sales (60,393 units in June) and 35% growth in light commercial vehicles, with management expecting healthy demand across rural and urban segments to sustain through the festive season.
• Electric three-wheeler leadership: Three-wheeler sales rose 63% year-on-year and 76% year-to-date, driven by rapid EV adoption where Mahindra's last-mile mobility division maintains the number one market position.
• Export growth drivers: Total exports surged 125% year-on-year, primarily bolstered by a 35,000-unit Indonesian light commercial vehicle order being executed at 3,000 to 4,000 units monthly, alongside steady demand in South Africa.
• Capacity expansion plans: The company is expanding production with a brownfield addition of 20,000 monthly units by March–April 2027, followed by a new greenfield plant in Nagpur designed to add 500,000 units of capacity over a two- to three-year scale-up.