Mahindra Cuts Tractor Industry Growth Outlook To Flat | Rajesh Jejurikar On M&M Q2, SUVs & EVs
NDTV Profit · 05 Nov 2026 · 6 min
Management interview of Mahindra & Mahindra Ltd (M&M), with 1 key numbers discussed.
- Rajesh Jejurikar, Executive Director and CEO (Auto and Farm Sector), Mahindra & Mahindra
Mahindra & Mahindra has revised its tractor growth outlook for the year from 5% to flattish due to rainfall deficits and drought conditions in states like Maharashtra and Karnataka. Rajesh Jejurikar noted that sowing and harvesting delays have postponed rural purchasing cycles, with post-festive clarity expected by late November. While markets like Uttar Pradesh, Madhya Pradesh, and Rajasthan show resilience, reservoir levels and input inflation remain key factors. Guidance could see further revisions in the coming 30-40 days.