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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Renault India, one of the leading passenger vehicle manufacturers, has announced that its soon-to-be-launched Renault Duster strong hybrid E-Tech 160 has attained an ARAI-certified fuel efficiency rating of 29 kilometres per litre.

The company has started bookings for the model on 9 October 2026 across its dealership network and website for a booking amount of INR 21,000.

The SUV is powered by a strong-hybrid system combining a 1.8-litre petrol engine, two electric motors and a 1.4 kWh battery, producing a combined output of 160 PS. The system utilises a multi-mode automatic transmission to switch between combustion power, electric drive and energy recovery modes during deceleration. The onboard battery recharges through regenerative braking and engine operation without external charging infrastructure.

Francisco Hidalgo, Vice-President of Sales and Marketing, Renault Group India, said, "Bringing Renault’s proven E-Tech strong-hybrid technology from Europe to India is a significant moment for us. Indian SUV customers should not have to choose between performance and fuel efficiency. With a combined output of 160 PS and an ARAI-certified fuel efficiency of 29 km/litre, the Duster strong hybrid E-Tech 160 brings both together in a versatile SUV, without requiring external charging. For customers considering alternatives to diesel, it offers a compelling new choice for everyday driving. We are pleased to open bookings ahead of its official market debut."

The Duster strong hybrid E-Tech 160 marks the introduction of Renault's E-Tech powertrain technology in India under the company's regional product roadmap. The OEM will conduct the full product reveal and market launch on 17 October 2026.

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Jaguar has unveiled the Type 01, a four-door electric grand tourer, during a premiere event in New York. The model marks the start of the manufacturer's product architecture overhaul, with customer orders scheduled to open in early 2027 and initial deliveries expected in the second half of that year.

Designed, engineered and built in the United Kingdom, the Type 01 features a low roofline, long bonnet silhouette and aerodynamically focused body panels. Built on the bespoke Jaguar Electric Architecture, the 850-volt system produces over 1,000 PS of power. The electric vehicle provides an estimated 400-mile range under EPA testing standards, with 350kW rapid-charging capabilities adding 200 miles of range in 13 minutes.

During the event, Jaguar named actor Florence Pugh as the brand ambassador for its new product phase. The unveiling at STORIED in West Chelsea included displays detailing the vehicle's production engineering, structural panel development and testing protocols.

Rawdon Glover, Managing Director, Jaguar, said, "From its dramatic design to its captivating drive, Type 01 distils the essence of Jaguar into a luxury grand tourer for a new era. Type 01 is the foundation of this British brand, one that makes no compromise between design and engineering in our quest to create objects of desire, just as it was in the days of the E-type and XJS."

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Honda Cars India, one of the leading passenger vehicle manufacturers, has unveiled the updated Elevate SUV, featuring styling updates, interior additions and expanded safety technology.

Interestingly, India is the first market to launch the updated vehicle globally, representing the third of six product launches planned by the manufacturer for the current financial year.

The Elevate SUV gets a redesigned mesh grille with gloss black upper moulding, revised position light elements, gloss black trim on the lower bumper and side garnishes and a full-width connected tail lamp setup.

It features 17-inch dual-tone alloy wheels and retains its vehicle dimensions, measuring 4,312 mm in length, 1,790 mm in width and 1,650 mm in height, with 220 mm of ground clearance and a 2,650 mm wheelbase. A new exterior paint finish, Nordic Forest Pearl, has been added to the palette.

The Elevate continues to be powered by a 1.5-litre i-VTEC petrol engine generating 89 kW (121 PS) and 145 Nm of torque, paired with either a six-speed manual transmission or a continuous variable transmission. Fuel economy is rated at 15.31 kmpl for the manual version and 16.61 kmpl for the automatic. The model is offered across five trim levels – SV, V, VX, ZX and ZX+ – with ex-showroom Delhi prices ranging from INR 1.18 million for the base manual variant to INR 1.84 million for the top-spec automatic.

On the inside, the SUV features a dual-tone ivory and black cabin layout, orange ambient lighting, ventilated front and rear seats, power-adjustable front seats and an electric sunroof.

Technology updates include a 360-degree camera system, front parking sensors, a 10.25-inch touchscreen infotainment display, a 7-inch digital instrument cluster, an air quality indicator and wireless smartphone integration. The safety suite adds low-speed follow functionality to its camera-based advanced driver-assistance system (ADAS) on automatic variants, alongside standard features such as six airbags, vehicle stability assist and electric parking brake.

Toshiyuki Yanagisawa, President & CEO, Honda Cars India, said, "The Honda Elevate has established a strong connection with customers through its confident design, versatility and enjoyable driving experience. With the New Elevate, we are taking this character forward with a much bolder expression and significant enhancements across design, comfort, technology and convenience. Being the lead market for its sales, India is the first country to launch the New Elevate globally. Its bolder, more rugged styling and enhanced premium features are designed to meet the evolving aspirations of today’s SUV buyers. This is the third of our six key launches planned for this financial year. We expect the New Elevate to play a key role in driving our momentum during the ongoing festive season and strengthening our product portfolio offering customers more exciting choices."

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Czech automaker Skoda Auto India has announced pricing for the updated Slavia sedan, starting at INR 999,900 (ex-showroom) for the base Classic manual variant to INR 1.88 million for the top-spec Monte Carlo 1.5 TSI automatic model.

The Slavia is built on the MQB-A0-IN platform and is available across six trim levels: Classic, Classic+, Signature, Sportline, Prestige and Monte Carlo. The deliveries are set to commence next week, with an additional Cappuccino Beige colour variant scheduled for release in December 2026.

The sedan retains its existing petrol powertrain options, offering a 1.0-litre TSI engine paired with either a six-speed manual gearbox or an eight-speed torque converter automatic transmission. On the other hand, the 1.5-litre TSI engine variant is mated to a seven-speed dual-clutch automatic transmission and includes rear disc brakes.

Exterior updates include redesigned light units, revised front and rear sections, sequential rear indicators, and new alloy wheel options.

On the inside, the Slavia gets a rear-seat massage function on higher trim levels, alongside a 360-degree camera system, front and rear parking sensors and a digital instrument cluster measuring up to 26.03 centimetres.

The 25.6-centimetre infotainment system incorporates a voice assistant powered by Google Cloud's Automotive AI Agent, supporting wireless smartphone integration. Safety equipment includes six airbags and standard electronic assistance systems across the range, maintaining its 5-star rating from Global NCAP testing.

Ashish Gupta, Brand Director, Skoda Auto India, said, “The Slavia has become an important part of Skoda Auto India’s sedan legacy, bringing together the design, driving experience, safety and engineering that customers associate with our brand. The new Slavia builds on that strong foundation with a more striking presence, greater comfort, smarter technology and an all-new eight-speed automatic. That is the essence of Says it All: a sedan that does not ask customers to choose between aspiration and practicality, performance and comfort, or technology and peace of mind. It brings these strengths together in one confident, complete package, making the sedan experience even more relevant and desirable for a new generation of customers.”

The vehicle comes with a four-year or 100,000-kilometre warranty, four years of roadside assistance and four routine labour-free services. Warranty coverage can be extended up to six years.

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