Mahindra & Mahindra Ltd has reported hardy financial results for the second quarter of fiscal year 2025 posting a consolidated profit after tax (PAT) of INR 3,171 crore marking a 35% year-on-year increase. This growth underscores Mahindra's sustained leadership in key segments like SUVs, light commercial vehicles (LCVs), and tractors, while the company also reinforces its strategic focus on battery electric vehicles (BEVs) as part of its broader transition towards sustainable mobility solutions.
The automotive division saw a record quarterly volume of 231,000 vehicles, up 9% from the same quarter last year bolstered by Mahindra’s top-selling SUV models and the launch of the Thar Roxx. SUV market share rose to 21.9%, an increase of 190 basis points, while the LCV segment below 3.5 tonnes held a 52.3% market share, further consolidating Mahindra’s leadership. The farm equipment sector also performed strongly, with tractor volumes reaching 92,000 units and market share rising to an all-time high of 42.5% for the second quarter.
In line with global shifts in automotive trends, Mahindra has signalled a strong commitment to expanding its BEV portfolio. The company’s foray into electric vehicles includes the development of both electric SUVs and commercial vehicles, with investment in infrastructure and production capacities to support this shift.
Dr Anish Shah, CEO and Managing Director of Mahindra, highlighted the company's solid operational performance, noting gains in market share and profitability across the Auto and Farm divisions. Shah stated that Mahindra’s progress in both sectors is complemented by structural improvements in its financial services and technology businesses, setting a stable foundation for growth.
Rajesh Jejurikar, Executive Director, Mahindra, noted that the increased share in the SUV and tractor markets reflects the success of new launches and strategic pricing. The auto segment reported an impressive standalone profit before interest and tax (PBIT) margin of 9.5%, up by 140 basis points. The Farm segment’s standalone profit also rose, achieving a PBIT margin of 17.5%, reflecting resilience despite global market fluctuations in agricultural equipment.
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