Mahindra Is Eyeing An Uptake Of Its EVs In The Bengal Market
- By Gaurav Nandi
- February 12, 2025
Mahindra & Mahindra has launched the SUVs BE6 and XEV 9e electric SUVs in West Bengal. The company introduced them at a function in Kolkata. Present at the function was Rahul Kamani, Managing Director, NR Autos (the Kolkata dealer), and Joysubha Mukherjee, the Mahindra Regional Business Manager.
Commenting on how the market penetration for Mahindra is changing in Bengal, especially in the electric vehicle era, Kamani noted, “Mahindra still has a dominance in the internal combustion engine segment. However, the EV race has seen changes in the market race. Earlier, Mahindra had a 15 percent market share in the state but we expect that to grow up to 22 percent in the next fiscal with the introduction of the new models.”
Besides the metropolitan area, Kamani has a dealership network that spans several districts including South and North 24 Parganas. It is also coming up with a new showroom in Arambagh.
Alluding to the supply chain model that will be used for deeper penetration of EVs in the state, Mukherjee noted, “We will use our own dealership network other parts of Bengal as we have a robust on ground presence. This launch is mainly slated for Kolkata and nearby localities.”
The launch event witnessed an overwhelming response from car enthusiasts, industry experts and potential buyers eager to experience the future of electric vehicles. With Mahindra’s commitment to redefining mobility, the BE6 and XEV 9e showcased a range of industry-first features including ADAS Level 2++ technology with five radars and a vision camera, high-performance computing powered by Qualcomm Snapdragon 8295 and secure 360-degree live footage recording.
Alluding to the demand for EVs in Bengal, Kamani noted, “EV segment has picked up pace in the last one year because of more charging stations. The state government has formulated a plan to boost up the charging infrastructure in the state this year. Hence, the market remains very bullish and the business is going to grow in double digit.”
He added, “Earlier, we used to sell around 150 electric vehicles that were made in the old platform. Today, we are going increase the sales as there has been good market response. We expect around 300 bookings and we believe that these two models will have a good urban and rural penetration.”
NR Autos – a division of the 100-year-old Narbheram Group of Companies – has started accepting bookings for the two ‘born’ EVs at its showrooms in Chowringhee and Salt Lake, effective 14 February 2025. Those who book either of two electric vehicles, will have the opportunity to choose from a variety of attractive colour options without any price difference. The ex-showroom price of the BE6 starts at INR 1,940,000 and INR 2,240,000 for the XEV 9e, depending on the battery pack configurations.
Speaking on this occasion, Kamani said, “At NR Autos, we are proud to be part of Mahindra’s vision of ‘Unlimit India,’ which pushes the boundaries of innovation and performance. This grand launch event celebrates technology, sustainability and superior engineering, reaffirming Mahindra’s leadership in the electric mobility sector. With a structured production ramp-up ensuring optimised delivery timelines, Kolkata’s automobile enthusiasts can now look forward to owning a vehicle that not only sets new benchmarks in performance and safety but also represents the future of sustainable transportation.”
Key Specs
|
BE6 |
XEV 9e |
|
Range |
557 - 683 km |
542 - 656 km |
|
Battery Capacity |
59 - 79 kWh |
59 - 79 kWh |
|
Charging Time AC |
6 / 8.7 h (11 .2kW / 7.2 kW Charger |
6 / 8.7 h (11 .2kW / 7.2 kW Charger) |
|
Power |
228 - 282 bhp |
228 - 282 bhp |
|
Charging Time DC |
20Min with 140 kW DC |
20Min with 140 kW DC |
|
Boot Space |
455 Litres |
663 Litres |
Hyundai Motor India Reports INR 123 Billion Profit In Q3 FY2026
- By MT Bureau
- February 02, 2026
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.”
|
Particulars |
Q3 FY26 |
Q2 FY26 |
Q3 FY25 |
9M FY26 |
9M FY25 |
|
Revenue |
179,735 |
174,608 |
166,480 |
518,472 |
512,526 |
|
EBITDA |
20,183 |
24,289 |
18,755 |
66,325 |
64,211 |
|
EBITDA % |
11.2% |
13.9% |
11.3% |
12.8% |
12.5% |
|
PAT |
12,344 |
15,723 |
11,607 |
41,759 |
40,259 |
Jeep Reaffirms India Commitment With Strategic Plan Jeep 2.0
- By MT Bureau
- February 02, 2026
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.”
Maruti Suzuki India Reports INR 37.94 Net Profit For Q3 FY2026
- By MT Bureau
- January 28, 2026
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.
Volkswagen India Unveils Tayron R-Line, Plans 4 More Launches In 2026
- By MT Bureau
- January 28, 2026
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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