Tuesday, 01 Sep 2026 Breaking: Amritsar: AAP protests at BJP MP Tarun Chugh's residence over party leaders visiting late convict Sajjan Kumar's house
BREAKING: Apple launches AI platform | Tesla earnings beat estimates | Nvidia stock surges | Bitcoin crosses major resistance
Business

August auto sales accelerate as M&M SUV sales jump 50%, JSW MG grows 14%

August auto sales accelerate as M&M SUV sales jump 50%, JSW MG grows 14%

New Delhi [India], September 1 (ANI): Mahindra & Mahindra's SUV sales surged 50 per cent year-on-year in August to 59,257 units, while JSW MG Motor India reported a 14 per cent rise in wholesale sales to 7,508 units, as both automakers recorded growth across their respective portfolios.
Mahindra's overall auto sales, including exports, rose 42 per cent to 1,07,648 vehicles in August 2026, according to the company's sales data. The automaker said demand remained strong across its portfolio and expects to build on the momentum during the upcoming festive season.
"In August, we achieved SUV sales of 59257 units delivering growth of 50%, and total vehicle sales stood at 107648, a 42% YoY growth," said Dr Velusamy R, President, Automotive Business, Mahindra & Mahindra.
Mahindra's domestic commercial vehicle sales rose 22 per cent to 27,415 units, while exports increased 71 per cent to 6,054 units. Its three-wheeler sales, including electric three-wheelers, grew 42 per cent to 14,922 units.
Its farm equipment business also reported 5 per cent growth in domestic tractor sales at 27,595 units in August. Total tractor sales, including exports, rose 5 per cent to 29,507 units.
Veejay Nakra, President, Farm Equipment Business, said steady improvement in rainfall had helped near-normal Kharif sowing, while continued government support and the upcoming festive season "should bolster rural sentiment."
Meanwhile, JSW MG Motor India recorded wholesale sales of 7,508 units in August, up 14 per cent from the year-ago period. The company said growth continued across both internal combustion engine and new energy vehicle portfolios.
The company also launched the MG Hector Tomahawk in EV and plug-in hybrid variants during August. Dispatches of the Tomahawk EV to dealerships have begun, with deliveries scheduled to start in September, while test drives and deliveries of the PHEV variant are scheduled to begin in November.
The companies' August performance comes with the festive season ahead, with Mahindra expecting to build on demand momentum and JSW MG Motor India preparing to begin deliveries of its new electric SUV.
At the time of reporting, Mahindra & Mahindra shares were quoted at Rs 3,325, up 1.31 per cent on the NSE. (ANI)

Tags

Related News

Happiest Minds approves merger with ITC Infotech; promoters to sell 22.11% stake for Rs 1,329.72 cr
Business
Happiest Minds approves merger with ITC Infotech; promoters to sell 22.11% stake for Rs 1,329.72 cr

<p>New Delhi [India], September 1 (ANI): The Bengaluru-based IT services company, Happiest Minds Technologies, has appr...

SBI Research raises FY27 GDP growth forecast to 7.3% from 6.6% on strong Q1 performance, resilient demand
Business
SBI Research raises FY27 GDP growth forecast to 7.3% from 6.6% on strong Q1 performance, resilient demand

<p>New Delhi [India], September 1 (ANI): SBI Research has revised upwards its real GDP growth forecast for India for FY2...

BPTP Skynest Bags 'Premium High-Rise Development of the Year' at Times Realty & Infrastructure Conclave 2026
Business
BPTP Skynest Bags 'Premium High-Rise Development of the Year' at Times Realty & Infrastructure Conclave 2026

<p>NewsVoir<br/>Gurugram (Haryana) [India], September 1: <a href="https://www.aninews.in/news/business/bptp-ranks-among-...

Tamil Nadu CM Joseph Vijay to visit UK on September 10 to attract industrial investments
Business
Tamil Nadu CM Joseph Vijay to visit UK on September 10 to attract industrial investments

<p>New Delhi [India], September 1 (ANI): Tamil Nadu Chief Minister C Joseph Vijay will travel to the United Kingdom on S...

Zydus Hospital, Ahmedabad crosses 300 Liver Transplants - Highest in Gujarat
Business
Zydus Hospital, Ahmedabad crosses 300 Liver Transplants - Highest in Gujarat

<p>PRNewswire<br/>Ahmedabad (Gujarat) [India], September 1: The rise of sedentary jobs, lack of exercise and increased i...

Korean AVGC firms eye tie-ups with Indian companies as K-Content BizWeek brings 93 firms together
Business
Korean AVGC firms eye tie-ups with Indian companies as K-Content BizWeek brings 93 firms together

<p>New Delhi [India], September 1 (ANI): Korean and Indian AVGC (Animation, Visual Effects, Gaming and Comics) companies...