Maruti, M&M Beat May Estimates With 35% and 20% YoY Sales Growth; Hyundai Lags
Maruti Suzuki posted 2.42 lakh units in May 2025 (+35% YoY), with domestic at 2 lakh (+35%) and exports at 41,914 (+34%). M&M hit 99,636 units (+20%), led by 58,021 PVs and a 89% jump in 3Ws to 12,536. Hyundai missed at 61,137 units (+4.1%), domestic 47,837 (+9.1%).
What happened
Maruti Suzuki and Mahindra beat May sales estimates with 35% and 20% YoY growth respectively, driven by passenger vehicles and tractors, while Hyundai missed
Key facts
- Maruti total sales 2.42 lakh units +35% YoY
- Maruti domestic 2 lakh units +35%
- Maruti exports 41,914 +34%
- M&M total 99,636 +20%
- M&M tractors 49,695
- M&M PV 58,021
- M&M 3W +89% to 12,536
- Hyundai total 61,137 +4.1%
- Hyundai domestic 47,837 +9.1%
Why this matters
Hyundai's relative softness against Maruti and M&M's outperformance opens a window to revisit partnership, EV-platform, or distribution tie-ups before the volume gap re-rates valuations.