M&M hits record high in tractor market share, logs 20% on-year SUV growth

Given the recent rally, M&M's share price has risen over 16 percent in the past one month.

Mahindra & Mahindra said its auto and farm segments continued to deliver strong execution, helping the company expand profitability and gain market share across categories.

In the tractor business, M&M reported its highest-ever full-year market share at 43.3 percent, up 170 basis points, maintaining its leadership in the segment. The company said it has sharpened its focus in key international farm markets in line with its capital allocation strategy.

Also read: Distressed deals fuel Adani Realty and Prestige’s hold on Mumbai realty market

Meanwhile, its SUV business grew 20 percent year-on-year, despite broader market challenges. M&M retained its top position in the segment, reporting a revenue market share of 22.5 percent, up 210 basis points.

The company, among India’s key EV players, said it delivered 6,300 electric passenger vehicles in just 40 days, signalling growing traction in the segment.

In a separate development, Mahindra announced plans to unveil a new EV platform on August 15, further cementing its long-term commitment to electrification. By 2030, the company aims to launch seven internal combustion engine (ICE) models, five battery electric vehicles (BEVs), and five light commercial vehicles (LCVs).

Also read: Big winners and losers will be in manufacturing: Trust Group's Utpal Sheth

While Mahindra acknowledged that its EV business will take a few quarters to achieve EBIT margin positivity, it is laying the groundwork for international expansion. The company said it will look to enter the European Union market through its EV vertical, although it currently has no plans to foray into North America and is not actively pursuing trade deals in South Africa or Australia.

During the quarter, reported a 22 percent jump in standalone net profit at Rs 2,437 crore for the quarter ended March 31, 2025. The firm's revenue from operations rose 24 percent to Rs 31,609 crore in Q4FY25 as against Rs 25,434 crore in Q4FY24. The company's revenue from operations rose 24 percent to Rs 31,609 crore in Q4FY25 as against Rs 25,434 crore in Q4FY24.

At 3:10 pm, shares of the company were trading at Rs 3,022, higher by 3.3 percent from the last close on the NSE. Given the recent rally, M&M's share price has risen over 16 percent in the past one month.