Mahindra Posts Rs 80 Billion EV Revenue In FY26 First Half
ECONOMY & POLICY

Mahindra Posts Rs 80 Billion EV Revenue In FY26 First Half

Mahindra, the SUV specialist, said on Wednesday that it has achieved record sales revenue of over Rs 80 billion in the first half of FY2026, driven by strong demand for its electric SUV models, the XEV 9e and BE 6.

In the first seven months of the year, Mahindra sold more than 30,000 units of these two models. This performance has made the company India’s No. 1 EV brand by revenue market share in the first six months of FY2026. Launched a year ago with a promise to “create history,” the two EVs have “delivered headlines,” the company said.

“Our electric SUVs became so popular that we sold one electric SUV every 10 minutes during the seven months,” said Rajesh Jejurikar, Executive Director and CEO at Mahindra & Mahindra.

To sustain momentum in the competitive EV market, the company introduced two new premium variants of the BE 6:

BE 6 Formula e FE 2 priced at Rs 2.369 million, and

BE 6 Formula e FE 3 priced at Rs 2.449 million.

Bookings open on 14 January, with deliveries set to begin on 14 February.

Mahindra said its electric SUVs are transforming consumer behaviour in the Indian EV segment. Instead of being used as occasional or second vehicles, the XEV 9e and BE 6 have become daily drivers:

65 per cent of all units are driven every working day,

Over 1,000 units have crossed 20,000 km, with several exceeding 50,000 km in just seven months,

70 per cent of owners drive more than 1,000 km a month, and 10 per cent exceed 3,000 km monthly,

Nearly 60 per cent achieve 500 km+ real-world city range.

The rapid adoption of these EVs has brought Mahindra a new category of customers: 80 per cent of buyers are first-time Mahindra owners. The buyer profile now includes luxury SUV aspirants, design-led customers, tech-forward families and young urban professionals.

Mahindra said the XEV 9e and BE 6 have accomplished something rare in India’s EV landscape: turning electric vehicles into aspirational lifestyle products.

Mahindra, the SUV specialist, said on Wednesday that it has achieved record sales revenue of over Rs 80 billion in the first half of FY2026, driven by strong demand for its electric SUV models, the XEV 9e and BE 6. In the first seven months of the year, Mahindra sold more than 30,000 units of these two models. This performance has made the company India’s No. 1 EV brand by revenue market share in the first six months of FY2026. Launched a year ago with a promise to “create history,” the two EVs have “delivered headlines,” the company said. “Our electric SUVs became so popular that we sold one electric SUV every 10 minutes during the seven months,” said Rajesh Jejurikar, Executive Director and CEO at Mahindra & Mahindra. To sustain momentum in the competitive EV market, the company introduced two new premium variants of the BE 6: BE 6 Formula e FE 2 priced at Rs 2.369 million, and BE 6 Formula e FE 3 priced at Rs 2.449 million. Bookings open on 14 January, with deliveries set to begin on 14 February. Mahindra said its electric SUVs are transforming consumer behaviour in the Indian EV segment. Instead of being used as occasional or second vehicles, the XEV 9e and BE 6 have become daily drivers: 65 per cent of all units are driven every working day, Over 1,000 units have crossed 20,000 km, with several exceeding 50,000 km in just seven months, 70 per cent of owners drive more than 1,000 km a month, and 10 per cent exceed 3,000 km monthly, Nearly 60 per cent achieve 500 km+ real-world city range. The rapid adoption of these EVs has brought Mahindra a new category of customers: 80 per cent of buyers are first-time Mahindra owners. The buyer profile now includes luxury SUV aspirants, design-led customers, tech-forward families and young urban professionals. Mahindra said the XEV 9e and BE 6 have accomplished something rare in India’s EV landscape: turning electric vehicles into aspirational lifestyle products.

Next Story
Infrastructure Transport

Hejamadi Kodi Harbour Project Records 87% Progress in Karnataka

The Department of Fisheries has reported significant progress on the Hejamadi Kodi fishing harbour development in Udupi district, Karnataka. The project was granted administrative approval in August 2018 for the upgrade of the existing fish landing centre at a total cost of Rs 1.38 billion, with Rs 346.5 million sanctioned as financial assistance under the Sagarmala Scheme. The Department of Fisheries, Government of Karnataka, acting as the implementing agency, has indicated that physical progress stands at 87 per cent, with the project scheduled for completion by March 2026. The upgrade aims..

Next Story
Infrastructure Transport

India Expands Global Partnerships in Ports and Maritime Logistics

The Government has expanded international engagement across ports, shipping and maritime geo-logistics through collaborations with foreign governments, multilateral institutions and global maritime industry partners. The partnerships span port modernisation, shipping-infrastructure development, digitisation, green-shipping initiatives and maritime skill development. Recent engagements include the India–Russia cooperation on the Northern Sea Route and Eastern Maritime Corridor, training of Indian seafarers in polar waters, the Indo-Danish Centre of Excellence in Green Shipping and the India..

Next Story
Building Material

NSL Posts Best-Ever November Output Across Key Steel Units

NMDC Steel (NSL), India’s youngest integrated steel plant, has reported its strongest November performance, marking record achievements across multiple operational units. The company highlighted sustained process stability, improved efficiency and rising capacity utilisation as key drivers of its milestone output. The Raw Material Handling System recorded its highest-ever daily wagon-tippling figure with 616 wagons handled on 21 November 2025, while Base Mix production for the month reached a peak of 5,18,886 tonnes. At the Sinter Plant, NSL set new day and monthly records with 15,590 tonne..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App