Mumbai-headquartered automotive major Mahindra & Mahindra has announced its financial results for FY2025 with revenue of INR 1,592 billion, up 14 percent YoY and a net profit of INR 129 billion, up 20 percent YoY.

The robust financial performance was underpinned by strong automotive sales across key segments. Mahindra stated it continue to top the SUV sales with a revenue market share of 22.5 percent. Furthermore, the OEM held the top spot in the Light Commercial Vehicle (LCV) segment under 3.5 tonnes, commanding a market share of 51.9 percent. The Tractor division also achieved its highest ever full-year market share at 43.3 percent.

Going forward, the company continues to maintain an optimistic outlook for SUV and EV sales. The company has announced that it will unveil a new platform 'Vision' on 15 August 2025, which will further expand its product portfolio.

Furthermore, Mahindra is set to increase its manufacturing capacity for XUV 3X0 and Thar Roxx by 3,000 units, a new platform capacity in Chakan for 120,000 units per annum and a new greenfield facility by FY2028, which will primarily focus on the passenger vehicle segment. The company is also looking at different states and the kind of incentives it gets, before finalising the location.  

“Our current capacity utilisation on the SUV side is almost over 90 percent with Scorpio very close to capacity, Thar Roxx and 3X0 fully on capacity and Bolero is lesser in capacity,” said Rajesh Jejurikar, Executive Director & CEO – Auto and Farm Sector, Mahindra & Mahindra.

Furthermore, the company’s born electric platform, which has spawned the BE 6 and XEV 9e has recently crossed the 6,300 sales mark. At present, the EVs have around 40,000 bookings with an average waiting time of 4-5 months.

Jejurikar explained that an EV customer usually sees around 2 hours of discussion time at the dealership, which is significantly higher than that of an ICE-vehicle customer.

“There's also work to be done by way of enabling charging infrastructure to be facilitated, set up, which means working with their societies or their office complexes wherever they want the charger and all of that needs to be coordinated well and then there's an installation process to be done at home. We have seen that this process is very important to customers to make sure that the experience is very seamless. As we think about ramping up, this is an added thing over and above the input quality which of course is a very important parameter because there is a lot of high tech and so we want to be very calibrated in the way we ramp up. As we have said earlier, that even though we have capacity, we are not operationalising all of that,” added Jejurikar.

A significant highlight was the positive performance of Mahindra's EV division. The company reported being EBITDA positive in the first quarter of the fiscal year within its EV segment, even without considering certain incentives (PLI). This achievement was attributed to a favourable variant mix. While celebrating this milestone, the company cautioned that achieving EBIT margin positivity in the EV sector is anticipated to take several quarters, potentially extending to a year or 18 months. This timeline reflects the ongoing investments required to scale up their EV operations, for which incentives are intended to provide support. The company anticipates that significant EBITDA positivity in the EV segment will become more pronounced as production volume increases.

On the other hand, responding to slowdown in the passenger vehicle sales, Jejurikar stated, “I think there are several enablers which will start kicking in – government spending, infrastructure spending, all of that which will lead to demand picking up. The smaller segments will start gaining out of the income tax benefit that will start kicking in from the front. We think that will be an enabler as well as interest rates come down over time, I think that will be another positive enabler. I do think that over the next few months, the sentiment will start kicking up. But it's a world with a lot of uncertainty at the moment. Multiple things are happening around the world so we don't see any uncertainty that comes out of that.  But, overall I think many macroeconomic factors are positive.”

Dr Anish Shah, Managing Director, Mahindra & Mahindra, added, “I just want to reflect on the numbers – both revenue growth and bank growth – where the stress isn't particularly visible. Yes, there is some level of commercial urban stress, but from our product standpoint, we haven't seen significant impact. Even when we look across other businesses, overall, the picture remains positive. The recent actions around liquidity and interest rates should start to drive greater demand and improved functionality. So, on balance, I’d say we aren’t seeing substantial urban stress at this point – perhaps a slight slowdown or a temporary blip, but nothing major. I believe that's something we’ll bounce back from.”

Looking beyond the domestic market, Mahindra expressed considerable optimism regarding its expansion in North America. The launch of the OJA tractor series in the North American market is reported to be gaining significant traction. Specifically, in the less than 110 horsepower tractor segment, where Mahindra has a strong presence, their retail market share has reportedly surged from 3 percent to 10 percent over the past four months. This sub-110 horsepower category constitutes a substantial 40 percent of the total market volume. This significant growth in their key segment underscores the strategic importance of the OTA series and justifies the investments made in its creation.

Responding to a question regarding potential entry into the insurance market, a Dr Shah stated that this has been under consideration for several years. While acknowledging the complementary nature of their existing business and the large market size, he indicated that any entry would be contingent on identifying a suitable approach that ensures successful returns. But no immediate plans for entering the insurance sector were announced.

Going forward, Mahindra is said to be open to new partnerships and acquisitions.

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Mumbai-headquartered automotive major Mahindra & Mahindra has announced a suite of technology and equipment updates for its Scorpio-N SUV model line-up.

The updates introduce a panoramic sunroof, a 540-degree surround view camera system with a blind view monitor and R18 alloy wheels to select variants.

On the inside, the updated model features a 31.24 cm floating touchscreen infotainment display, a 26.03 cm digital instrument cluster with three display modes, a 65W USB Type-C fast-charging port in the front row and integrated vehicle dynamics displays covering engine data, pitch, roll and g-force metrics.

The Scorpio-N platform continues to offer the G20 TGDi mStallion petrol and D22 mHawk diesel engine options, available with rear-wheel drive and four-wheel drive configurations.

Pricing for the updated Scorpio-N range begins at INR 1.36 million for the entry-level Z2 petrol manual variant, with the line-up extending to INR 2.54 million for the top-specification Z8L diesel automatic four-wheel drive version (all prices ex-showroom).

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Japanese automotive company Mitsubishi Motors Corporation has shared an update regarding its upcoming new Pajero SUV launch scheduled for premiere this autumn.

The automaker confirmed that the vehicle combines off-road driving capabilities across weather and road conditions with on-road ride refinement.

The SUV utilises a ladder frame chassis paired with a re-engineered suspension system designed to maintain road-holding performance over uneven surfaces, bumps and terrain impacts. The setup aims to reduce body movement and cabin vibration to support occupant comfort during long-distance driving.

Handling and drive distribution are managed by Mitsubishi Motors' Super-All Wheel Control (S-AWC) technology. The integrated vehicle dynamics control system manages power output and braking to optimise stability and traction across driving conditions.

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Nissan Motor India (NMIPL), one of the leading passenger vehicle manufacturers, has entered the India Book of Records for the largest convoy of a single-model four-wheeler to reach Leh. A fleet of 60 Nissan Tekton vehicles completed a 5-day expedition covering more than 700 kilometres to achieve the record.

The drive commenced in Chandigarh at an altitude of 1,053 feet, passed through Manali, Zangla and Shinku La Pass at 16,703 feet and concluded in Leh at 11,480 feet. The SUVs were driven by media representatives and automotive industry participants throughout the route across varying terrain and weather conditions.

Saurabh Vatsa, Managing Director, Nissan Motor India, said, “Entering the India Book of Records with the all-new Nissan Tekton is a proud moment for Nissan Motor India and a fitting celebration of our 75-year SUV excellence. While the record is significant, what makes the achievement especially meaningful is what it represents. Sixty Tekton SUVs successfully completed a demanding Himalayan drive, demonstrating the vehicle’s capability, durability and engineering strength in real-world conditions. This milestone reflects Nissan’s commitment to delivering premium SUVs that give customers confidence wherever their journeys take them. It also reinforces our belief in the all-new Tekton as a vehicle engineered to perform across India’s diverse driving environments.”

Manufactured at Renault’s plant in Chennai under its ‘One Car, One World’ production framework, the Tekton is sold in India and for export markets, including the Middle East and Africa. The model line-up features turbocharged engines, integrated Google services and design elements derived from the Nissan Patrol.

The prices for Tekton SUV start at INR 1.04 million for the Turbo T160 line and INR 1.49 million for the Turbo T280 line (ex-showroom). Retail bookings are open across digital channels and dealerships, with customer deliveries having commenced on 20 July 2026.

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American hypercar manufacturer Hennessey Special Vehicles has revealed its latest offering, the Blackbird, a naturally aspirated, manual-transmission hypercar. The model serves as the company's third hypercar following the Venom GT and Venom F5.

The Blackbird features design elements inspired by the Lockheed SR-71 Blackbird aircraft, including a body-side chine line and active vertical rear stabilisers that deploy at 71 mph (115 kmph) at angles of +/- 71 degrees. Additional exterior detailing includes a quad-exhaust system referencing the Bell X-1 aircraft, Formula One-style side pods and LMP1-inspired winglets.

It is powered by a 6.2-litre naturally aspirated V8 engine developed in partnership with Ilmor Engineering. Hennessey targets an output of 800 to 850 horsepower and an engine speed exceeding 9,000 rpm. The powertrain pairs with a six-speed gated manual transmission and rear-wheel drive, targeting a zero to 60 mph (96 kmph) acceleration time of 2.5 seconds and a top speed of 220 mph (354 kmph).

The Blackbird is built on a bespoke carbon-fibre tub with carbon-fibre bodywork, targeting a dry weight of under 1,360 kg (3,000 lbs). The chassis utilises an inboard suspension architecture with adaptive dampers, Michelin Pilot Sport Cup 2 tyres, traction control and anti-lock brakes. The cabin excludes digital screens, utilising a central analogue tachometer, physical controls, hidden smartphone integration and storage space accommodating two carry-on bags alongside rear-quarter and in-cabin compartments.

Production is limited to 71 units globally, priced from USD 2.5 million before taxes, with assembly taking place in Texas. Customer deliveries are planned for 2029–2030 following the conclusion of Venom F5 production.

John Hennessey, Founder and CEO, Hennessey, said, “Blackbird isn’t just the next chapter in the Hennessey story, it represents the beginning of a new book. Our third hypercar, Blackbird, is unexpected by design, yet it’s exactly what I wanted to create and what our customers have been asking for. Challenging expectations has always been part of our DNA. From the beginning, Blackbird was guided by a simple idea: to deliver an analogue experience where beauty and drama define every moment. This is not a numbers car. We set out to create an unparalleled emotional experience, from the first time you see it to the moment you take the wheel and feel the connection between driver and machine.”

Nathan Malinick, Director of Design, Hennessey, said, “Beauty is not a byproduct, it must be intentional. With Blackbird, every decision our team made, inside and out, was guided by our vision to create the ultimate touring hypercar: one that strikes a perfect balance between elegance and aggression, beauty and purpose, inspiring people to fall in love at first sight. As Hennessey’s third hypercar, Blackbird represents the next evolution of our design DNA and the incredible work of an entire team committed to creating something truly timeless.”

Angela Edgar, Vice-President of Lubricants Marketing, Pennzoil, said, “Pennzoil and Hennessey have built a longstanding relationship rooted in a shared passion for engineering excellence and pushing the limits of what’s possible. The all-new Blackbird is another exciting milestone in that journey. We’re proud to support Hennessey’s relentless pursuit of innovation with advanced lubricant technology engineered to help protect high-performance engines and deliver lasting performance. Together, we’re proving that exceptional engineering and engine longevity go hand in hand.”

Brycen Hicklin, Senior Designer, Hennessey, said, “The Blackbird interior delivers a cockpit worthy of its name. Thoughtfully balancing mechanical tactility with refined luxury, it serves to elevate the driver and passenger experience. Every interaction rewards the driver with an authentic connection to the machine, while exceptional comfort and generous luggage capacity encourage long journeys without compromise.”

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