M&M September sales largely in line with estimates, but tractor sales dropped 21% as expected

Thu 1 Oct 2026

Tractor sales decline

21 percent

Auto segment sales growth

15 percent

Heard on Live TV News Channel between 10:38:12 - 10:41:12 IST.

• Total sales were largely in line with estimates.
• Tractor sales dropped 21%, matching Nomura's estimate though some other estimates expected an 11-15% decline.
• Total auto segment sales rose 15% versus an expected 16% growth.
• Stock was down in early trade.

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