Hyundai Motor India Sells 51,101 Units In September 2024, Down 6% YoY
- By MT Bureau
- October 01, 2024
Hyundai Motor India (HMIL), one of the leading passenger vehicles manufacturer in the country, has reported wholesales of 51,101 units in the country and13,100 units exported in September 2024. This translates to a decline of 6 percent in the domestic market, and 25 percent in the export segment.
For CY2024, the company HMIL achieved total YTD sales (Jan-Sep 2024) of 5,77,711 units.
Tarun Garg, Whole-time Director and COO, Hyundai Motor India said, “In September, we introduced the bold new Hyundai Alcazar, which redefined the benchmark of aspirational 6/7-seater SUV. This introduction combined with strong performance from Exter, Venue and Creta propelled HMIL to its highest ever monthly SUV contribution of 70 percent to total sales. We also witnessed increased consumer demand for CNG powered vehicles, backed by the introduction of Dual Cylinder CNG in Exter and Grand i10 Nios resulting in highest-ever CNG contribution of 13.8 percent to September sales."
"With the festive season kicking-in, we have introduced many new models and variants to meet customers aspirations, and our dealer touchpoints are fully geared up to delight customers with deliveries of their favourite Hyundai cars in this auspicious period,” he added.
Tata Motors Passenger Vehicles Reports INR 9 Billion Net Profit For Q1 FY2027
- By MT Bureau
- August 13, 2026
Tata Motors Passenger Vehicles (TMPVL) has published its consolidated financial results for the Q1 FY2027.
The company’s consolidated revenue came at INR 957 billion, representing a 9.3 percent YoY increase, consolidated profit before tax, before exceptional items, stood at INR 16.06 billion, while profit after tax was INR 9 billion, a significant drop of 80 percent YoY.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) margin came at 7.4 percent, down 130 basis points YoY. Free cash flow for the quarter was negative INR 118 billion on the back of working capital requirements, resulting in a net debt position of INR 422 billion.
Jaguar Land Rover (JLR) reported revenues of GBP 6 billion, a decline of 9.6 percent YoY, with wholesale volumes falling 9.2 percent. JLR's performance was affected by component supply constraints following a supplier fire, Middle East market disruptions and the planned phase-out of outgoing Jaguar models.
Profit before tax, before exceptional items, for JLR decreased by 68.9 percent to GBP 109 million, while profit after tax stood at GBP 66 million. Adjusted EBIT margin fell to 2.8 percent from 4 percent in the prior year, influenced by higher variable marketing expenses, which rose from 4.1 percent to 7.1 percent. Range Rover, Range Rover Sport and Defender models comprised 80.8 percent of JLR's volume mix. Total liquidity for JLR stood at GBP 5.9 billion at the end of the quarter.
In the domestic market, Tata Passenger Vehicles business generated revenue of INR 179.3 billion, representing a 64.8 percent YoY increase. Volume growth for the domestic division reached 46 percent, while electric vehicle volumes grew 112 percent YoY to over 34,000 units. EBITDA margin for the domestic unit stood at 4.3 percent, an increase of 30 basis points, while EBIT margin reached negative 0.5 percent, an improvement of 230 basis points. The domestic operation achieved breakeven profit before tax, supported by a 14.3 percent overall market share and a 39 percent share in the electric vehicle segment.
Dhiman Gupta, Chief Financial Officer, Tata Motors Passenger Vehicles, said, “Q1 FY27 was a quarter where we focused on carrying forward the growth momentum in the domestic business and preparing for an important transition year at JLR. Some of the challenges of FY26 i.e. supply constraints and elevated commodities / FX continued to impact performance in Q1 FY27. We delivered a resilient quarter and are confident to drive growth through new launches, debottleneck supply constraints, and take focused actions to deliver margin improvements.”
PB Balaji, Chief Executive Officer, Jaguar Land Rover, said, "JLR delivered first quarter profits of £109m and an adjusted EBIT margin of 2.8%. Despite the near-term industry challenges, we continue to see strong demand for our brands and look forward to the launch of four sensational new products in the coming months: Range Rover Electric, Range Rover Sport Electric, Range Rover GT and Jaguar Type 01. I would like to thank all our people, suppliers and retail partners for their continued dedication, resilience and support.”
Shailesh Chandra, Managing Director & CEO, Tata Motors Passenger Vehicles, added, “Q1 FY27 marked a strong start to the year for Tata Motors PV, with industry-beating 46 percent YoY volume growth driven by robust customer demand and the success of our recent launches. Our leadership in electric mobility strengthened further, with record quarterly EV volumes of over 34,000 units and 112 percent YoY growth. The new avatars of Tiago and Punch have received a strong response, with robust bookings across powertrains, reinforcing the strength of our multi-powertrain strategy. We are encouraged by the growing adoption of EVs across segments and the rapid mainstreaming of electric mobility in India. While supply constraints affected Sierra volumes during the quarter, customer interest remains strong and the Sierra.ev has seen a positive response. In Q1 FY27 we delivered a resilient financial performance while being impacted on account of elevated levels of commodity and forex. Supported by a strong order book, exciting product pipeline, sustained demand, and focused margin improvement initiatives, we remain confident of maintaining growth momentum and delivering sequential improvement through the rest of the year.”
JSW MG Motor India Teases Upcoming 7-Seater E-SUV Ahead Of 26th August Launch
- By MT Bureau
- August 13, 2026
JSW MG Motor India has released a teaser for its upcoming 7-seater electric SUV, which will serve as the first vehicle built on the company’s ADAPT platform.
The e-SUV draws design inspiration from a World War II fighter aircraft.
JSW MG Motor India has opened pre-reservations for the vehicle via its website for an amount of INR 21,000. The vehicle is scheduled to make its debut in India on 26 August 2026.
The teaser image shows design elements of the front and profile while keeping the full vehicle form concealed. The addition of the seven-seater model expands JSW MG Motor India's existing portfolio of new energy vehicles in the market. Further technical specifications and product details will be disclosed closer to the unveiling.
JSW MG Motor India Announces Seven-Year Anniversary Offer On MG Hector
- By MT Bureau
- August 10, 2026
JSW MG Motor India has introduced a customer programme for the MG Hector SUV during August 2026 to mark seven years of the model in India. The promotion offers benefits of up to INR 60,000, including exchange allowances, loyalty rewards, corporate incentives and price adjustments.
The MG Hector was launched in 2019 as an internet-connected passenger SUV. The range starts at an ex-showroom price of INR 1.19 million. Under the promotion, financing options include 100 percent on-road price funding for terms extending up to 84 months, alongside complete financing options for vehicle accessories.
Vinay Raina, Chief Commercial Officer, JSW MG Motor India, said, “The MG Hector has enjoyed an extraordinary journey over the past seven years, earning the trust of thousands of Indian families and redefining expectations in the SUV segment. As we celebrate this important milestone, we wanted to thank our customers with an ownership programme that delivers value far beyond the purchase of the vehicle. The Anniversary Programme reflects our customer-first philosophy and our commitment to making the MG Hector ownership experience as rewarding as the product itself.”
The vehicle features front and rear bumpers, a redesigned front grille, alloy wheels and updated exterior colour choices. Cabin updates include multi-tone interior schemes, synthetic and leather trims, front seat ventilation, an adjustable steering column and a power-adjustable driver seat.
On the inside, it gets a 14-inch portrait touchscreen display with gesture control capabilities, a digital instrument cluster and over 70 connected vehicle functions. Additional features include digital key functionality, remote air conditioning management, and automated maintenance notification systems.
Hyundai Motor India Targets Million Connected Vehicle Sales By 2027
- By MT Bureau
- August 10, 2026
Hyundai Motor India (HMIL) has announced that it has exceeded 800,000 connected cars on Indian roads and aims to reach cumulative connected vehicle sales of one million units by 2027. The manufacturer targets crossing two million cumulative connected vehicle sales by 2030.
Connected vehicle penetration across Hyundai Motor India’s Indian product range has expanded from 4 percent in 2019 to 20 percent in 2026, supported by sales in models including the Creta, Venue and i20. The company's connected mobility infrastructure operates on its Hyundai Bluelink platform, which provides over 70 functions covering safety, security and convenience. Available systems include remote vehicle monitoring, diagnostics, location tracking, in-car payments via Hyundai Pay, remote immobilisation and voice commands supported in five languages.
Tarun Garg, MD & CEO, Hyundai Motor India, said, “The growing adoption of connected vehicles reflects the evolving expectations of customers and the increasing role of technology in shaping mobility. As we move towards our goal of 1 million connected car sales by 2027, we remain focused on advancing software-defined mobility and expanding connected technologies across our portfolio. Our upcoming mass-market electric SUV, which will offer next-generation connected car technology as standard across all variants, marks an important step in strengthening the convergence of connected and electric mobility while delivering future-ready ownership experiences for customers.”
Hyundai Motor India introduced OEM-fitted connected vehicle technology to India in 2019 with the launch of the Venue, followed by over-the-air map updates on the i20 in 2020. The company deployed its Audio Video Navigation Telematics platform in 2022, followed by its Connected Car Navigation Cockpit system with controller over-the-air update capability in 2025 to support software-defined vehicle development.
The platform has provided roadside assistance and emergency responses to over 0.5 million motorists, supported 15,000 crash notification interventions and assisted law enforcement agencies with vehicle recovery operations.

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