Mumbai-headquartered business conglomerate Mahindra & Mahindra has announced its financial results for Q2 FY2026 with consolidated Revenue reaching INR 461 billion, marking a 22 percent YoY growth.

The consolidated Profit After Tax (PAT) stood at INR 36 billion, a 16 percent increase YoY. The company stated that, excluding specific one-time impacts, PAT growth was 28 percent YoY.

Mahindra’s Auto business reported sales of 262,000 vehicles, up 13 percent, which includes around 146,000 SUV sales. This translated to a revenue of INR 271 billion, up 25 percent YoY, while net profit came at INR 15 billion, up 8 percent YoY.

On the other hand, the farm sector reported its highest ever Q2 market share at 43 percent with sales of 123,000 units, up 32 percent YoY. The revenue came at INR 102 billion, up 25 percent, while consolidated net profit came at INR 11 billion, up 45 percent YoY.

Dr. Anish Shah, Group CEO & Managing Director, Mahindra & Mahindra, said, “We are pleased with the strong execution and solid performance delivered across the group in Q2 FY2026. Auto and Farm sustained their leadership with consistent gains in market share and profitability. TechM is progressing well on its transformation journey. MMFSL achieved a 45 percent PAT growth and remains committed to quality growth and digital transformation. Our Growth Gems are steadily advancing towards their ambitious goals, reinforcing our long-term value creation potential.”

Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), Mahindra & Mahindra, said, “Strong performance of our Auto and Farm businesses continues in Q2 FY2026 reinforcing our leadership position, with a gain of 390 bps YoY in SUV revenue share, and 100 bps YoY in LCV (< 3.5T) market share. In Tractors, we gained 50 bps YoY to reach 43 percent market share. Our Auto Standalone PBIT margin (excl. e-SUV Contract Mfg.) improved by 80 bps to 10.3 percent and core Tractor PBIT margins improved by 190 bps to 20.6 percent.”

Amarjyoti Barua, Group Chief Financial Officer, Mahindra & Mahindra, “Our solid Q2 consolidated results reflects the strength of our diversified portfolio. We continue to deliver on our strategic priorities. We had strong cash generation in the first half, delivering over INR 100 billion of operating cash flow. We remain committed to sustainable growth and value creation.”

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Toyota Kirloskar Motor, one of the leading passenger vehicle manufacturers in the country has announced its wholesales for December 2025 and CY2025.

The company reported sales of 34,157 units last month, which was 37 percent higher YoY, as compared to 24,887 units sold last year.

For CY2025, the company recorded its-best-ever sales performance with 351,580 units, up 17 percent YoY, as against 300,159 units last year.

The company attributed the performance to its robust product mix in the SUV, MPV and compact segments, including the Innova Hycross, Fortuner, Urban Cruiser Hyryder, Hilux, Urban Cruiser Taisor and Glanza.

During the year, the company also expanded its Toyota Used Car Outlets (TUCO) and services including T CARE and T GLOSS. Marketing activities involved a tour by the group Drum Tao, the opening of the Toyota Experiential Museum (TEM), and participation in conventions with collaborations involving Shin-Chan and Attack on Titan.

Varinder Wadhwa, Vice-President, Sales-Service-Used Car Business and Profit Enhancement, Toyota Kirloskar Motor, said, “Overall, 2025 has been a meaningful year for Toyota, marked by stronger customer acceptance across our products and services, both in domestic and export markets resulting in a year-on-year growth of 19%. This sustained performance has been driven by progressive GST reforms by the Government of India, strategic product enhancements and the introduction of new model variants. Our continued focus on strengthening brand connect among the youth by driving innovation and excitement through the launch of tem and Drum Tao activation along with the enhancement of our dealer network across both rural and urban markets, has positioned us strongly for continued momentum. We sincerely thank our customers for their trust and dealer partners for their unwavering support. Looking ahead, our commitment to decarbonisation remains steadfast through Toyota’s multipath way approach, offering a broad range of technologies tailored to diverse customer needs and real-world usage. Anchored in our customer-first philosophy and long-term commitment to India, we will collaborate closely with all stakeholders to deliver world-class mobility solutions, resulting in mass happiness for all.”

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Audi India, a leading luxury car manufacturer, has announced its sales performance with 4,510 units sold in CY2025.

Demand during the festive season and growth in the pre-owned segment, SUVs, and the performance and lifestyle range supported the results. The market was influenced by GST 2.0.

Furthermore, the automaker stated that it witnessed robust demand for models including the Audi Q7, Audi Q8, Audi S5 Sportback and Audi RS Q8 Performance. Traction continued for the Audi Q3, Audi A4, Audi A6 and Audi Q5.

Balbir Singh Dhillon, Brand Director, Audi India, said, “While market dynamics presented inherent challenges, our performance underscored the fundamental strength of the Audi vision and the invaluable loyalty of our customer base. The welcome regulatory support provided by the GST rationalisation that allowed us to significantly reinforce our core proposition: defining Audi ownership as an integrated, superior experience that extends beyond the vehicle to encompass unparalleled service and a lasting relationship. Stepping into 2026, our mandate is one of clear focus and intensified purpose. We are prepared to translate market challenges into sustainable momentum through innovative product launches, enhanced customer experience and initiatives prioritizing people-centric growth.”

The year included the launch of the Audi RS Q8 Performance and the introduction of Signature Editions for the Audi A4 and Audi Q7, alongside Signature Line versions of the Audi Q3 and Audi Q5.

Audi India also partnered with Olympic champion Neeraj Chopra as a Friend of Audi India.

The German luxury car brand expanded its footprint with a pop-up store in Kanpur and a service facility in Dehradun. The company’s pre-owned business, Audi Approved: plus, grew by 3 percent in 2025. The network now includes 27 facilities with an inventory of over 500 cars.

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Volkswagen-owned Czech automaker Skoda Auto India has concluded 2025 with sales of 72,665 cars, representing a 107 percent YoY growth compared to the 35,166 units sold in 2024. The results coincide with the brand's 25th anniversary in the country.

The company attributed the robust demand to its popular model offerings like the Kylaq SUV and the return of the Octavia RS. The Kodiaq, Kushaq and Slavia also contributed to the total volume. In 2025, the company surpassed the milestone of selling 200,000 locally produced cars since 2021.

Ashish Gupta, Brand Director, Skoda Auto India, said, “The year 2025 will always remain a special one for us. It marks our 25th anniversary in India, and it has seen us with our most enhanced and diverse product portfolio ever, and we are now at our widest when it comes to network and market presence. All of this, combined with the trust and love our customers have shown us, has driven us to our biggest year ever in India. The overwhelming response to the Kylaq, the continued admiration for the Kodiaq, and the passionate enthusiasm for the return of the Octavia RS reaffirm the strong emotional connect customers share with the brand. Alongside this, the cars that started our India 2.0 journey, Kushaq and Slavia, continue to see sustained demand. As we step into 2026, we look forward to carrying this momentum forward with a renewed product offensive, sharper sales and aftersales initiatives, and an even stronger focus on expanding our reach and getting closer to our customers.”

Furthermore, the company expanded its footprint to 325 touchpoints across 183 cities. India became the first market for Skoda globally to complete a 100 percent rebranding of its network with updated corporate identity and design.

The brand also onboarded Ranveer Singh as a representative and launched the ‘Fans, Not Owners’ campaign. In the service sector, the workforce at dealerships increased to over 7,500 professionals, supported by 25,000 training days during the year.

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JSW MG Motor India, has reported a 14 percent decline in its wholesales at 6,500 units for December 2025. In comparison, the company had sold 7,516 units for the same period last year.

For CY2025, the company said it clocked 19 percent wholesales growth at 70,554 units.

Furthermore, the automaker’s premium luxury retail channel MG SELECT witnessed 38 percent MoM wholesale growth, driven by strong consumer response to the M9 Presidential Limousine and the Cyberster.

In CY2025, JSW MG Motor India crossed the milestone of more than 100,000 total EVs sold to date, reaffirming its leadership in India’s electric mobility space.

At present, it has now established 15 experience centres across 14 major cities for its MG SELECT channel.

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