Indian automaker Mahindra & Mahindra reported higher quarterly profit on Thursday, as strong demand for its high-margin sport-utility vehicles helped cushion the impact from the Middle East war.
The maker of the Scorpio and Thar SUVs posted a 6.8% increase in standalone profit after tax to ₹3,685 crore ($385.1 million) for the quarter ended June 30.
The automaker raised SUV and commercial vehicle prices in April, joining peers Tata Motors Passenger Vehicles and Hyundai Motor India to help cushion margins from rising input costs.
The price increase did not dent demand, with Mahindra, whose portfolio is skewed away from entry-level passenger cars, reporting a 23% increase in quarterly revenue to ₹41,920 crore.
Government tax cuts in September continued to boost demand for tractors, Mahindra’s most-profitable offering, with revenue from the farm segment increasing to ₹10,947 crore from ₹9,186 crore a year earlier.
Published on July 30, 2026
