M&M flags Tier-2 labour shortages denting auto supplies; demand stays strong, recovery seen by month-end
Mahindra & Mahindra reported May total sales up 20% YoY to 99,636 units and Q4FY26 net profit up 53% to Rs 3,737 crore on Rs 39,601 crore revenue. Management flagged Tier-2 supplier labour shortages crimping some auto supplies but expects normalisation soon as demand holds firm. Tractors clocked 49,695 units with 23% domestic growth.
M&M flagged Tier-2 supplier labour shortages stifling some auto supplies, expecting recovery by month-end as demand stays robust. May total sales rose 20% to 99,636 units; Q4FY26 net profit jumped 53% to Rs 3,737 crore.
Why this matters
Follows Mahindra's May sales jump of 20% and 23% tractor surge on Rabi tailwind, plus prior flags on strong SUV/EV demand and a possible second price hike in 4-6 weeks.
Retail-company signals steady at 1,574 over the past 90 days.