Mahindra & Mahindra (M&M Ltd) has reported a strong operating performance across businesses in Q3 of FY25 with a consolidated PAT of INR 31.81 billion, up 20 percent. Auto and Farm Divisions continue to deliver growth and margins. Profits have been up 16 percent. The Financial services AUM grew at 19 percent and TechMahindra achieved good traction in deal wins, seeing its EBIT improve 480 bps.
Claiming to be Number one in SUVs with revenue market share at 23 percent, up 200 bps, Mahindra & Mahindra reported that SUV volumes in Q3 FY25 rose 20 percent. The company reported that it has retained its number one position in LCVs below 3.5 tonne GVW with a market share of 51.9 percent, up 230 bps. The company also reported that it has retained its number one position in tractors with the market share of 44.2 percent, up 240 bps. 
While the market share of the group in electric vehicles is at 41.8 percent, the market share of MMFSL AUM has increased by 19 percent. TechMahindra EBIT has rose 480 bps with continued focus on margin expansion. The consolidated revenue was reported at INR 414.7 billion, up 17 percent. Consolidated PAT was reported at INR 31.81 billion, up 20 percent. Year-To-Date FY25 RoE was reported at 18.4 percent and EPS at 86.0.
Speaking about the development, Dr Anish Shah, Managing Director and CEO, M&M Ltd. said, “Our businesses continue to demonstrate strength in execution. Auto and Farm delivered solid performance on market share and margins, on the back of focused execution. The transformation at TechMahindra is gathering momentum. MMFSL continues to balance asset quality and growth priorities, with GS under four percent on the back of strong AUM growth. Our Growth Gems are demonstrating steady progress towards their long-term objectives.”
Rajesh Jejurikar, Executive Director and CEO (Auto and Farm Sector), M&M Ltd, averred, “The launch of our flagship electric origin SUVs, the BE 6 and XEV 9e set a new benchmark in global innovation. Thar ROXX won the Indian Car of the Year (ICOTY) as well as Autocar car of the year. In Q3 F25, we were Number one in SUV revenue market share with 200 bps YoY increase. LCV less than 3.5-tonne volume market share is at 51.9 percent, a gain of 230 bps. The Auto segment PBIT is up by 120 bps YoY. We achieved highest ever Q3 tractor market share at 44.2 percent, a gain of 240 bps YoY, and farm PBIT is up by 260 bps YoY.”
 
 

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TUV Rheinland, a global leader in independent testing and certification, has inaugurated its state-of-the-art Automotive Component Testing Laboratory (ACT Lab) in Manesar, Haryana. The facility is designed to support the Indian automotive industry by providing globally recognised testing for both conventional and electric vehicle (EV) components.

Strategically located in a major automotive hub, the lab focuses on accelerating time-to-market for manufacturers while ensuring compliance with evolving international and OEM-specific standards.

The ACT Lab offers a comprehensive range of end-to-end testing solutions under one roof, utilising advanced systems from leading international manufacturers:

• Structural & Durability Testing: Includes fatigue and lifecycle assessments for critical components to ensure long-term reliability.
• Environmental Simulation: Replicates extreme real-world conditions to test component resilience against corrosion, temperature fluctuations and moisture.
• Material Analysis: Provides deep insights into the performance and composition of both metals and polymers used in next-generation vehicle architectures.
• Operational Replication: The facility is specifically engineered to replicate the operational environments of diverse automotive sub-assemblies.

The investment highlights India's role as a high-growth market within TUV Rheinland’s global mobility portfolio. The facility acts not just as a testing centre but as a collaborative platform for innovation in the electric mobility ecosystem.

Dr. Matthias Schubert, Executive Vice-President Mobility at TUV Rheinland Group, said, “Our investment in the Automotive Component Testing Laboratory in Manesar reflects TUV Rheinland’s long-term strategic commitment to India as a key growth market. As the mobility sector undergoes rapid transformation, this facility enables us to support manufacturers with advanced testing capabilities that not only ensure compliance but also drive innovation, safety, and global competitiveness.”

Rajendra Kisanrao Bandal, Vice-President, Mobility at TUV Rheinland India, added, “This facility goes beyond a conventional testing laboratory – it is a platform for collaboration and innovation. Combining global expertise with local insight, it enables manufacturers to enhance quality, reliability, and performance, while strengthening India’s position in the global mobility landscape.”

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Horse Powertrain has introduced the HORSE W30, marking the company’s first production-ready V6 engine, ahead of its official display at the Beijing Auto Show 2026. Known for low-emission powertrain systems, the manufacturer has now applied its expertise in three- and four-cylinder engines to the V6 category for the first time.

The newly developed 3.0-litre engine is positioned as the lightest V6 on the market, weighing only 160 kilogrammes, which is approximately 10 kilogrammes less than its closest competitor. Designed with a hybrid-first approach, the HORSE W30 delivers outstanding fuel economy and efficiency. Its two cylinder rows are offset at a 90-degree angle to lower the centre of gravity, improving installation ease and catalyst layout. The engine can be configured either transversely or longitudinally, allowing broad vehicle compatibility.

Performance specifications include an output range of 350 to 400 kilowatts and torque between 600 and 700 Nm, with a maximum engine speed of 8,000 rpm. Integrated exhaust manifolds and turbochargers mounted directly on the cylinder heads help maximise efficiency. Intended for both mild- and full-hybrid vehicles, the first models featuring the HORSE W30 are expected on roads by 2028.

To showcase the engine’s hybrid-first mindset, Horse Powertrain will also present the new HORSE 4LDHT four-speed hybrid transmission at the Beijing show. Weighing 199 kilogrammes, the transmission is designed for a P1 plus P3 mounting configuration. The P1 motor, which supports the crankshaft and charges the battery, can output between 250 and 300 kilowatts, while the P3 motor for driving support can deliver between 350 and 450 kilowatts.

Horse Powertrain will display the systems at the Beijing Auto Show 2026 in Hall A1, Booth A111. A press conference on its strategic vision and hero products is scheduled for 24 April 2026 at 11:40 AM China Standard Time.

Matias Giannini, Chief Executive Officer, Horse Powertrain, said, “At Horse Powertrain, we believe we can offer automakers unprecedented economies of scale and innovation by consolidating the powertrain production and development pipeline that traditionally would have been replicated by many individual OEMs, allowing everyone in the industry to benefit from best-in-class technologies. The HORSE W30 is clear proof of this concept – bringing our mindset and expertise to a new category, we’ve developed the lightest V6 that was designed from the outset to support hybrid vehicles.”

Fortune Zhao, Chief Technology Officer, Horse Powertrain, said, “The HORSE W30 showcases Horse Powertrain’s technological versatility and represents our first venture into the V6 engine category. Leveraging expertise from our wide portfolio of hybrid-first engines, the HORSE W30 is lighter and more compact than any other V6 currently on the market, all while delivering superior performance. As well as embodying our engineering sophistication, it also highlights our flexibility in providing world-class hybrid solutions to every market.”

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Ferrari has revealed the livery of its 100-foot flying ocean monohull during Milan Design Week, marking a major step in offshore sailing where innovation, aerodynamics and design research converge. The project, named Ferrari Hypersail, emerges from a creative process that blends the Maranello manufacturer’s aesthetic language with cutting edge maritime technology, underscoring a deepening relationship between design, performance and engineering.

The initiative functions as an open innovation platform, merging diverse expertise into a collective effort to redefine nautical possibilities. Key contributors include the Ferrari Tech Team guided by Matteo Lanzavecchia and Marco Guglielmo Ribigini, the Ferrari Design Studio led by Flavio Manzoni and naval architect Guillaume Verdier. Their goal is to transfer into the yachting world the same design philosophy that distinguishes Ferrari’s road cars, balancing constant innovation with respect for form.

In Hypersail, design arises directly from function, with every volume shaped by the interaction of wind, water and speed. As an offshore vessel, aesthetic decisions developed under strict aerodynamic and engineering constraints from the outset. The Ferrari Design Studio worked closely with the engineering team and Verdier to turn hydrodynamic and structural limitations into aesthetic opportunities.

The monohull’s streamlined silhouette recalls the proportions seen in the Ferrari Monza SP1 and SP2. The deck’s coachroof exterior echoes the graphic architecture of the Le Mans winning Hypercar 499P. Surfaces on the deck and coachroof, developed directly by the Ferrari Design Studio, ensure maximum technical efficiency, mirroring the development process of any Ferrari car. Solar panels integrated into the deck and hull sides are walkable with a specific grip, positioned after advanced study of solar exposure during navigation.

For the livery, the studio chose Nuovo Giallo Fly, a yellow shade with deep narrative roots. Historically representing Ferrari’s second soul, Giallo Fly first appeared on the 275 GTB, inspired by Fiamma Breschi, friend of Enzo Ferrari and widow of driver Luigi Musso. The name Fly creates a linguistic link to the vessel’s foiling nature. The carbon fibre hull appears in a new grey variant, Grigio Hypersail, expressing the material’s lightness and performance. The interplay between Grigio Hypersail and Nuovo Giallo Fly evokes Ferrari’s stylistic codes, including the colour separation of the 512 BB, while the Ferrari logo on the sail continues the elongated F motif seen on recent Formula 1 cars and other models.

From 22 to 26 April, Hypersail will be exhibited at the Ferrari Flagship Store in Milan through a dedicated display. The project also includes a lighthouse installation, an exclusive sculpture by the Ferrari Design Studio on the HIGHLINE Milano terrace overlooking Piazza del Duomo, positioning Hypersail as a symbol of future technology and performance in offshore sailing.

Flavio Manzoni, Ferrari Chief Design Officer, said, “Hypersail represented an unexpected opportunity for the Ferrari Design Studio; a challenging objective due to its complexity, which allowed us to extend our creative research into a context different from our usual one. In reality, the Design Studio is not new to this kind of endeavour. In the past, the experience gained in racing car projects, one of the most technologically advanced sectors, has encouraged exploration into more complex fields, allowing us to test ourselves and expand our expertise.”

Matteo Lanzavecchia, Head of Vehicle Engineering at Ferrari and Chief Technology Officer of Hypersail, said, “Hypersail is a vessel unique in scale and technology, engineered to deliver peak performance within an environment as singular and unpredictable as the ocean. This is achieved through its core concept: foiling, made possible by a sophisticated control system, leveraging the expertise gained from our automotive developments, and powered by energy recovered from renewable sources such as wind, solar, and motion. The strategic choice of a monohull arises from the synergy between maximum hydrodynamic and aerodynamic efficiency. Throughout every design phase, the collaboration with the Design Studio allowed us to accentuate and refine Hypersail’s forms and features, establishing it as a definitive benchmark of design and innovation.”

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Amaron, the automotive battery brand under Amara Raja Energy & Mobility, has successfully engaged more than 5,000 mechanics nationwide through its Amaron Boss Mechanic programme, underscoring its dedication to India’s automotive service sector. The company now aims to dramatically expand the initiative, targeting 25,000 mechanics in future seasons.

The four-week on-ground initiative was structured around practical workshop tasks, allowing participants to showcase technical skill, speed, consistency and problem-solving abilities. A grand finale featured the Battery Boost & Endurance Challenge, a rigorous test of accuracy, pace and stamina. Winners were declared in Patna, Indore, Lucknow, Kolkata and Pune, with each receiving a new motorcycle. All finalists earned certificates and branded mementos.

By celebrating mechanics as trusted experts rather than just service providers, Amaron strengthens its grassroots connections across key markets. With plans to scale the programme into one of India’s largest mechanic engagement platforms, the initiative reflects the brand’s enduring promise of reliability and long-lasting performance.

Chandrasekar Radhakrishnan, Chief Business Officer – Automotive and Home Energy Business (India & SAARC), Amara Raja Energy & Mobility, said, “Amaron has built its brand not just through products but through strong relationships at the grassroots level, especially with the mechanic community. Every day, vehicles across India run reliably because of countless acts of quiet dedication by mechanics, and we believe great work happens in the quiet. Through Amaron Boss Mechanic, we celebrate the skill and trust that power the automotive ecosystem. The overwhelming response inspires us to take this initiative to more cities.”

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