M&M shares gain as May sales jump 17%; SUVs lead the line

M&M shares have risen 15 percent in the last three months.

Shares of Mahindra and Mahindra edged over 1 percent higher to Rs 3,007 in morning trade on June 2, after the company posted strong May sales figures, driven by sustained demand for its SUV lineup.

The Thar-maker reported a 17 percent year-on-year increase in May, selling over 84,110 vehicles across domestic and export markets. The company sold over 52,000 SUVs in May, marking a 21 percent rise compared with the same month last year. Including exports, as many as 54,819 units were sold during the month.

Commercial vehicle sales showed a mixed trend in May, with a 14 percent rise in light commercial vehicles, also known as the 2–3.5 tonne segment, offset by an 18 percent drop in the sub-2 tonne category, the company said in a regulatory filing.

Mahindra & Mahindra’s domestic tractor sales rose 10 percent year-on-year to 38,914 units in May 2025, supported by early monsoon onset and positive rural sentiment. Total sales, including exports, stood at 40,643 units, up from 37,109 units a year ago. Exports for the month came in at 1,729 units. The company expects strong kharif sowing, buoyed by higher MSPs, better reservoir levels, and government support, to boost demand further.

Mahindra & Mahindra Ltd on May 5 reported a 22 percent jump in standalone net profit at Rs 2,437 crore for the quarter ended March 31, 2025. The company reported standalone net profit of Rs 2,000 crore in the year-ago period.

The auto major declared a dividend of Rs 25.3 per share. The record date for the dividend shall be July 4, the company said in a stock exchange filing. The firm's revenue from operations rose 24% to Rs 31,609 crore in Q4FY25 as against Rs 25,434 crore in Q4FY24.

M&M shares have risen 15 percent in the last three months.