Mahindra bets on EV scale and new capacity as Q1 revenue rises 27%
Mahindra & Mahindra reported consolidated revenue of ₹57,533 crore and net profit of ₹5,455 crore for April–June 2026. The group expects EV scale and added Nagpur and Chakan capacity to support margins, while targeting a doubling of SUV capacity within five years.
M&M reported strong April-June 2026 earnings and expects EV scale, new Nagpur and Chakan capacity, and sustained demand to support margins. The group is targeting doubled SUV capacity, while expanding its commercial vehicles, finance, real estate and logistics growth engines.
Why this matters
The capacity plan follows Mahindra’s record ₹5,455 crore June-quarter profit, an 18% tractor volume surge, and plans for a FY27 Last Mile Mobility IPO and SML merger.
Retail-company signals are accelerating, up 257320% quarter on quarter.