Mahindra & Mahindra reported 26% year-on-year growth in SUV volumes for the quarter ended 30 September 2026, as its automotive business delivered a sharp increase in profit. The figures were announced in the company’s 5 November results release, covering its July–September performance.
The company reported quarterly utility-vehicle volumes of approximately 183,000 units and a 24.3% SUV revenue market share. Mahindra described that share as the leading position in the segment. Revenue market share measures value, rather than the number of vehicles sold, so the two measures should not be read interchangeably.
Across the broader automotive business, consolidated revenue rose 39% to ₹37,756 crore, while consolidated profit after tax increased 55% to ₹2,388 crore. Those figures cover the automotive business, not just passenger SUVs. At group level, consolidated profit after tax was ₹4,588 crore, up 25%. Total quarterly vehicle volumes, including sales by Last Mile Mobility and Mahindra Electric Automobile, were 330,896 units, up 26% from a year earlier.
Electric vehicles also contributed to the quarter. The release’s volume footnote records 22,864 battery-electric vehicles sold by Mahindra Electric Automobile, compared with 12,404 in the corresponding quarter a year earlier.
BusinessLine’s 5 November report corroborated the SUV growth and automotive profit figures.
The results highlight growing SUV volumes and a larger electric contribution within Mahindra’s automotive business.