Mahindra & Mahindra

Mahindra and Mahindra sold 107,648 vehicles, up 42 percent. Tata Motors sold 67,753 units across domestic and international markets, up 56 percent, with EV volumes of 16,549 up 94 percent. Maruti Suzuki reported 219,220 total units, with domestic sales of 176,791 against 131,278 a year earlier, up 35 percent. Hyundai Motor India sold 65,796 in total, up 8.8 percent, with domestic sales up 23.6 percent to 54,396, its best ever August at home. Maruti and Hyundai both landed below street estimates on total volumes even though domestic growth ran well ahead, because exports carried the difference.

Maruti Suzuki sold 241,421 units with domestic dispatches at an all-time high of 200,123, Hyundai posted its highest-ever 75,360, Tata's passenger vehicles rose about 58 percent and Mahindra sold 103,860. Two-wheelers ran with it, TVS at 629,675 against 456,350 and Bajaj at 474,677 against 366,000. Hero was the one miss at 533,416 against an estimate of 555,050, so the volume is broad but not uniform.

Mahindra keeps manufacturing the trucks under contract, so this consolidates commercial vehicles into one listed platform rather than exiting the business.

SUV sales rose 28 percent to 60,393 units. Commercial vehicles grew 35 percent and tractors 12 percent to 59,935. Both the auto and farm arms are running ahead of the industry.