Lucid Motors, a US-based electric vehicle manufacturer has unveiled the production details for the highly anticipated Lucid Air, a pure electric luxury sedan.

At the global web broadcast, ‘Dream Ahead’, Lucid Motors unveiled a new approach in automotive packaging called the ‘Lucid Space Concept’. This new approach leverages the miniaturisation of Lucid’s in-house developed EV drivetrain to optimise interior cabin space. The concept is central to the architecture of the Lucid Electric Advanced Platform (LEAP) upon which the Lucid Air, and forthcoming Lucid vehicles, will be built. It’s a holistic, clean-sheet approach to advanced EV construction, without using existing ‘off the shelf’ solutions so often seen in EVs from legacy automakers. Lucid motors claims that with improved electric motors and packaging of the entire electric powertrain, Lucid is able to reclaim that space for passengers and their comfort. This extends the philosophy of hyper-efficiency embedded in every facet of Lucid Air, from energy to spatial efficiency.

Taking Tesla head-on
With up to 1,080 horsepower available in a dual-motor, all-wheel-drive architecture, the Lucid Air is said to achieve quarter-mile times as quick as 9.9 seconds (402 metres in 9.9 seconds) on a consistent, repeatable basis. To date, it is the only electric sedan able to achieve a quarter-mile time under 10 seconds. The power of the Lucid Air is complemented by an available extended-range capability that achieves an estimated EPA range of up to 517 miles (832 km) on a single charge.

It is also being claimed that Lucid Air could recharge at 20 miles per minute (32 kms/minute) when connected to a DC fast charger. In real world conditions, this is speculated to be 300 miles (482 kms) from 20 mins of charging. The new in-house developed, compact 113kWh extended-range battery pack is a result of 10 years of experience and over 20 million miles of real-world testing. Lucid’s race-proven technology was developed through world’s leading electric racing championships and boasts of a custom Battery Management System (BMS), clever cell packaging and world-class energy density.

Sustainability meets luxury meets practicality meets safety
Lucid Motors lays claim that this electric vehicle is not just the most aero-efficient vehicle but also comes with one of the largest trunks in an electric car with storage capabilities in both the front and the rear compartments. 

The cabin comes with next-gen free-form displays which comes with a seamless way of interacting with the vehicle software and human-centric interface. It comes with a 34-inch curved Glass cockpit 5K display. a retractable central Pilot Panel sits in finger-tip reach of the driver and passenger for deeper control of the vehicle’s systems and functions. To complement the digital displays, several highly tactile, precision-milled physical controls are present, including ribbed turbines for steering wheel functions, a volume control roller, and alloy toggle switches for tuning climate settings.

Lucid Air’s advanced driver-assistance system (ADAS), Lucid DreamDrive, is said to be a first-of-its-kind platform combining the most comprehensive sensor suite on the market with a cutting-edge Driver Monitoring System (DMS), all standard on the Lucid Air Dream Edition. It is the first system of its kind to offer 32 sensors, covering vision, radar and ultrasonics, plus the world’s first standard high-resolution LIDAR in an EV, all working alongside the standard DMS and geo-fenced HD mapping to provide the safest possible approach to Level 2 and Level 3 driver assistance technologies.

Lucid Air’s headlamps are a Micro Lens Array system comprised of thousands of ‘light channels.’ Developed entirely in-house, this technology provides one of the brightest, most precise and advanced lighting systems. Digital steering of light direction is possible by digitally switching light channels in different directions.

Lucid has collaborated with Amazon to bring an advanced Alexa Built-In implementation directly into Lucid Air allowing the driver and the passenger to access navigation, calling, streaming media, smart home control, and adding items to a shopping cart or to-do list – all while keeping their eyes on the road and their hands on the wheel. The Lucid implementation of Alexa also provides an expanded set of localized vehicle control features of Lucid Air including HVAC, all with a simple voice command. When a driver uses Alexa there will also be visual support for commands via the Lucid Air’s Glass Cockpit display. Over time, the available feature set will continue to grow via Lucid’s built-in Over-the-Air (OTA) updates.

Beginning of the EV price war
The Lucid Air will be available initially in North America, offered in four model ranges:
-The Air, the starting point for the lineup, available in 2022 and starting below $80,000
($72,500 after USA federal tax credit)*
-The well-equipped Air Touring model, available late 2021, from $95,000
($87,500 after USA federal tax credit)*
-The fully equipped Air Grand Touring, available mid 2021, from $139,000
($131,500 after USA federal tax credit)*
-The all-inclusive, limited-volume Air Dream Edition, available spring 2021, at $169,000
($161,500 after USA federal tax credit)*

Check out the video on the global reveal here-

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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.”

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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.”

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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.

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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.”

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