Toyota Kirloskar Motor has received an ‘Investment Certificate’ from the Karnataka government at the Invest Karnataka 2025 Global Investors Meet (GIM) for its contribution to the state’s economic growth, job creation and green mobility. The automaker is participating at the forum under the theme ‘Reimagining Growth’.

The company was recognised for its investment in a third manufacturing plant in November 2023, which is expected to generate 2,000 new jobs and 100,000 unit per annum production capacity for the automaker.

Toyota Kirloskar Motor is showcasing its sustainable mobility solution at the Future of Innovation Pavillion. It has create three experience zones – sustainability pavilion, green technology zone and skill development & CSR initiatives.

Incepted in 2010, GIM has become Karnataka’s premier investment platform, fostering economic growth, industrial innovation and policy dialogue.

Manasi N. Tata, Vice Chairperson, Toyota Kirloskar Motor, said, “At Toyota Kirloskar Motor, our journey has always been about creating lasting value for society through innovation, sustainability, and inclusivity. Karnataka, a progressive state, has been the foundation of our growth in India, and we are deeply grateful for the opportunity to give back to the community through our continued investments in industrial progress and clean mobility solutions.”

Swapnesh. R. Maru, Deputy MD - Corporate Planning, Green Field Project, Toyota Kirloskar Motor, said, “At Toyota Kirloskar Motor, we believe that sustainability is about living in harmony with nature, seamlessly weaving together people, progress, and the planet to create a home where no one is left behind. Our journey toward green mobility is driven by a deep sense of responsibility to create a cleaner, safer, and more inclusive future for generations to come. Our participation in Invest Karnataka 2025 is a testament to that vision. Through our multi-pathway approach to carbon neutrality, we are driving meaningful change in the Indian automotive landscape and remain steadfast in our vision of contributing to ‘Viksit Bharat’ by fostering an ecosystem of collaboration, innovation, and responsible manufacturing. Together, with every step we take, we move closer to a world where growth and environmental responsibility go hand in hand.” 

Sudeep Dalvi, Chief Communication Officer, Senior Vice President & Head of State Affairs, Toyota Kirloskar Motor, said, “Sustainability is at the core of Toyota’s global philosophy, and at Toyota Kirloskar Motor, we are dedicated to pioneering clean and efficient mobility solutions that align with India’s carbon neutrality goals. We are grateful to the Government of Karnataka for its progressive policies and strong support, which have fostered a robust industrial ecosystem, enabling Karnataka to emerge as a key hub for manufacturing and innovation under the ‘Make in India’ vision. The state’s forward-thinking approach has not only accelerated the adoption of green mobility but has also strengthened the foundation for skill development and localisation. Through our participation in Invest Karnataka 2025 GIM, we continue to support the state’s industrial ecosystem by nurturing technological advancements, skill development, and responsible manufacturing practices."

Till date, Toyota Kirloskar Motor has invested over INR 160 billion in Karnataka along with an additional INR 40 billion being executed towards its third plant in the region. Furthermore, the company has also focussed on skilling, localisation and sustainability, with the Toyota Technical Training Institute (TTTI) expanding to 1,200 students, including 600 female students, to make Karnataka’s youth future ready. The OEM is also developing 16 Government Tool Room & Training Centers (GTTC), with plans to expand to 36 by 2026, and partnering with 49 ITIs, having trained 2,975 students so far, with a target of 88 institutes.

Comments (0)

ADD COMMENT

Link Copied!

Hyundai Motor India (HMIL) has released its unaudited financial results for Q3 FY2026 and nine months ending 31 December 2025.

The company reported a Profit After Tax (PAT) of INR 123.44 billion for Q3, representing a 6.3 percent increase YoY. Revenue for the quarter reached INR 1,797.35 billion, up 8 percent compared to the same period last year. EBITDA stood at INR 2,018.3 billion, a 7.6 percent rise, supported by festive demand and the implementation of GST 2.0.

The company stated that the domestic demand was supported by wholesale volumes increasing 5 percent QoQ. The Hyundai Creta recorded sales of over 200,000 units in the 2025 calendar year, while the new Venue model has received nearly 80,000 bookings to date.

Hyundai Motor India also entered the commercial mobility segment with the Prime HB and SD taxi models. Exports grew by 21 percent YoY in Q3 FY26, accounting for 25 percent of the total sales mix.

For the nine-month period, EBITDA reached INR 6,632.5 billion, a 3.3 percent increase. EBITDA margins expanded to 12.8 percent, up from 12.5 percent in the previous year, despite costs related to capacity stabilisation and commodity prices.

Tarun Garg, Managing Director & Chief Executive Officer, said, “The third quarter performance underscores our resilience and strong execution of 'Quality of Growth' strategy, marked by healthy growth in volumes, revenue and profitability. Notably on a year-to-date basis, EBITDA margins expanded to 12.8 percent as against 12.5 percent last year, supported by our efforts towards improving sales mix and prudent cost control measures. As we move ahead, the robust January’26 sales number gives us great momentum towards a healthy 2026.”

Comments (0)

ADD COMMENT

Link Copied!

Stellantis-owned Jeep has announced its Strategic Plan Jeep 2.0, positioning India as a central hub for its operations in the Asia Pacific region. The plan focuses on localisation, manufacturing depth, and export expansion from the company's facility in Ranjangaon, Pune.

As part of the strategy, Jeep intends to increase localisation levels to 90 percent, up from the current 65–70 percent. This move is aimed at strengthening supply-chain resilience and cost competitiveness. The Ranjangaon plant, which has an annual capacity of 160,000 vehicles, currently exports the Compass, Meridian, and Commander to markets including Japan, Australia and New Zealand. Plans are underway to expand exports to Africa and North America.

The company plans to introduce a new vehicle lineup in India starting from 2027. In the interim, Jeep will maintain its current portfolio through refreshes and special editions. To support its customers, the brand has introduced the Confidence 7 programme, which includes a buyback scheme, pre-maintenance packages, and extended warranties.

At present, Jeep operates over 85 sales and service touchpoints across 70 cities in India. The automaker stated that in 2025, the Wrangler Willys 41 limited edition sold out within seven days. The company is also focusing on its owner community, which has reached 100,000 members, through experiential platforms and brand clubs.

Shailesh Hazela, CEO & Managing Director, Stellantis India, said, “Jeep’s 85-year legacy is built on authenticity and adventure. Strategic Plan Jeep 2.0 lays out how we will sharpen our product strategy and strengthen the customer experience year after year, driven by deeper localisation, global product alignment, expanding our vehicle offerings, and programs that deliver real value. We are equally focused on taking care of our existing customers, ensuring they receive the support, service and confidence they expect from Jeep. Success in India demands resilience and long-term commitment and we are investing with that clarity to ensure Jeep remains a brand of pride and desirability.”

Comments (0)

ADD COMMENT

Link Copied!

Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has reported its financial results for Q3 FY2026.

The company reported revenue of INR 475.344 billion, as against INR 368.02 billion last year, net profit came at INR 37.94 billion, as against INR 36.59 billion last year. It is to be noted that the net profit was impacted for Q3 FY2026 was impacted due to a one-time provision of INR 5,939 million relating to new Labour Codes.

During the period, the company achieved its highest quarterly domestic sales of 564,669 units, an increase of 97,676 units over the previous year. Total sales reached 667,769 units, which included 103,100 units in exports. This performance was supported by a recovery in the car market following GST reform, with the small car segment in the 18 percent GST bracket contributing significantly to the volume increase.

For the nine-month period from April to December 2025, the company recorded its highest sales volume, net sales and net profit. Total sales volume reached 1,746,504 units, with domestic sales at 1,435,945 units and exports at 310,559 units. Net sales for this period increased to INR 1,242 billion, while net profit grew to INR 1,085 billion.

Financial statements for the period have been restated following the amalgamation of Suzuki Motor Gujarat (SMG) with MSIL. This process took effect from 1 April 2025. The company continues to monitor market conditions as it manages its manufacturing and sales operations.

The recovery in the car market was led by the small car segment. Sales growth in this category accounted for 68,328 units of the total domestic increase. The company remains focused on domestic and export markets to maintain its sales volumes.

Comments (0)

ADD COMMENT

Link Copied!

Volkswagen Passenger Cars India has showcased the Tayron R-Line, marking the first of five product interventions scheduled for 2026.

The company plans to introduce updates or new models in every quarter to maintain market presence. These interventions will include SUV, Sedan and Hatchback body styles, with each model intended for different segments of the premium market.

For 2026, the company stated it has established objectives focused on products, customer engagement and experiences. The strategy involves using product actions to address various customer sets throughout the year. The brand aims to sustain interest through these quarterly releases across its vehicle portfolio.

The roadmap for the year is designed to cover multiple segments, ensuring a consistent rollout of updates. By addressing three body styles, the manufacturer intends to reach a broad audience within the premium category. The initiative forms part of a wider plan to enhance the ownership experience and interaction with the brand in India.

Nitin Kohli, Brand Director, Volkswagen Passenger Cars India, said, “Today, we are glad to showcase the Tayron R-Line for the first time in India. I am also delighted to announce that we have planned four more product interventions throughout the year. This year, every quarter will witness a new product intervention that will cater to a different premium customer set. Our objective is to continue building excitement for customers through smart product actions and introducing models that will continue to build aspirations.”

Comments (0)

ADD COMMENT

Link Copied!