Mumbai: Mahindra & Mahindra (M&M) on Friday reported strong volume growth for December 2025, with overall vehicle sales rising 27% year-on-year, driven primarily by sustained demand for its utility vehicle (UV) portfolio and improving traction in electric and three-wheeler segments.
According to the monthly production, sales and export data filed with stock exchanges, the auto major sold 85,501 vehicles in December 2025, compared with 67,252 units in the year-ago period. Production during the month stood at 68,992 units, while exports were largely stable at 2,849 units.
The company’s core SUV portfolio remained the key growth driver. Sales of the Scorpio range rose to 15,885 units in December 2025 from 12,195 units a year earlier, while Bolero volumes jumped sharply to 10,611 units from 5,921 units. The Thar and Thar Roxx combined saw mixed performance, with diesel variants moderating while petrol volumes softened on a year-on-year basis.
Newer models also showed traction. The XUV3XO and XUV400 range clocked higher sales, while electric-origin SUVs recorded sales of 4,126 units during the month, underscoring M&M’s growing presence in the electric SUV space. The company has been steadily expanding its EV portfolio as part of its longer-term electrification strategy.
In the commercial and last-mile mobility segments, Mahindra reported improved momentum across electric three-wheelers. Sales of the Treo electric three-wheeler rose to 6,010 units in December 2025 from 4,384 units a year ago, reflecting rising adoption of electric mobility in urban and semi-urban markets. E-rickshaw volumes, however, were mixed during the month.
For the broader auto industry, December volumes are seen as a barometer of festive and year-end demand. Mahindra’s sharp growth contrasts with uneven trends across the sector, where passenger vehicle demand has remained resilient but price sensitivity has increased in entry-level segments.
Shares of Mahindra & Mahindra were trading marginally higher in late afternoon trade, with investors drawing comfort from the company’s sustained volume momentum and leadership in high-margin SUVs.