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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China’s SAIC Motor-owned British marquee brand MG has showcased two concept vehicles, the MG GO! and the MG Cyber Concept, at the Goodwood Festival of Speed 2026. The concepts represent the company’s focus on blending its history with electric vehicle technology.

The MG GO! is a B-segment electric hatchback, providing a preview of a production model scheduled for 2027. Designed by the MG Design Centre in London, the concept draws inspiration from the brand’s mid-20th-century models, such as the MGB GT.

Carl Gotham, Design Director of Advanced Design, said, "With MG GO!, we wanted to create something compact and contemporary, but also warm, expressive and immediately likeable, an embodiment of all that we admire about the MG brand. It is not about looking back for its own sake, but about capturing some of the clarity, charm and emotional appeal that have always made MG so distinctive, and reinterpreting that in a way that feels relevant today and crucially creating something with strong charisma.”

On the other hand, the MG Cyber Concept is a D-segment electric performance SUV. It is intended to combine the utility of a larger vehicle with the driving dynamics associated with sports cars. The design was influenced by the EX181 land speed record vehicle.

Jozef Kaban, Vice-President of Global Design, MG, said, “Great design begins with people, not products. Technology and innovation are essential, but they can be shared. Character cannot. The future of automotive design is about creating cars with a strong identity that people instantly recognise and emotionally connect with. Great design should spark curiosity, excitement and desire. It should make people stop, smile and want to discover more. Our MG concepts express this vision for the future of the brand. Because great design is never just about the car. It’s about people, their experiences and their dreams. Our role is to inspire them and create products that enrich their journey through life.”

Alongside the concepts, MG presented a ‘Future Motion Show’ to demonstrate its work in artificial intelligence, autonomous driving and connectivity.

The company also displayed six production vehicles currently in its range:

• MGS9 PHEV: A seven-seat SUV.
• MG4 EV Urban: A hatchback.
• MG HS Plug-in Hybrid.
• MG IM5: A saloon.
• MG ZS Hybrid+.
• MG Cyberster: An electric roadster.

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Nissan Motor India has unveiled its latest product offering for the Indian and the global market the Tekton, C-segment SUV, which will compete with the likes of Hyundai Creta, Kia Seltos, Tata Sierra, Maruti Suzuki Grand Vitara and the Toyota Urban Cruiser Hyryder.

The Tekton is based on the recently introduced Renault Duster SUV and has also incorporated design cues from its popular Patrol SUV. Manufactured at Renault’s Chennai plant, it is designed for both domestic sales and export to markets including the Middle East and Africa.

The SUV features a turbocharged engine lineup, consisting of the Turbo T160 and Turbo T280 options. The T280 provides 163PS of power and 280Nm of torque, available with a 6-speed wet clutch DCT or a 6-speed manual transmission. The SUV offers a ground clearance of 212 mm and 700 litres of boot space.

On the inside, the Tekton features a dual-screen setup comprising a 25.65 cm infotainment system with Google built-in and a 26.03 cm digital cockpit. Connectivity features include navigation via Google Maps, voice assistance through Google Assistant and access to applications via Google Play.

In terms of safety the Tekton comes with 6 airbags as standard, a high-strength steel frame and a suite of 17 driver-assistance features such as adaptive cruise control, autonomous emergency braking and lane-keep assist.

Guillaume Cartier, Chief Performance Officer, Nissan, said, "We are building a stronger and more competitive Nissan in India. As we continue to strengthen our SUV-led portfolio and sharpen our market focus, the World Premiere of the all-new Nissan Tekton reflects our ambition to combine global product strength with deep local relevance. Tekton is a clear expression of how Nissan is transforming with purpose - towards a more competitive, future-ready portfolio."

Massimiliano Messina, Chairperson, AMIEO Region, Nissan, said, "India is powering Nissan's growth across markets and regions. Tekton is a strong example of our 'One Car, One World' approach - a global product engineered through India, manufactured for Indian customers and developed for export markets across the region. It strengthens India's role as a growth engine and SUV production hub for Nissan."

Thierry Sabbagh, DVP - President, Middle East, KSA, India, CIS - Nissan and INFINITI, said, "Tekton is a strong signal of our capability, bringing global SUV excellence to India. Following the launch of the all-new Gravite, the World Premiere of the all-new Nissan Tekton accelerates our resurgence journey and strengthens our SUV portfolio in India. Tekton combines bold design, premium features, advanced technology and strong SUV character in a way that aligns with evolving customer expectations."

Saurabh Vatsa, Managing Director, Nissan Motor India, said, "Nissan's resurgence in India is taking formidable shape, driven by a sharper product focus, network expansion and a deeper understanding of what Indian customers truly value. Tekton is the flagship proof point of Nissan's India resurgence. It has been crafted to deliver commanding presence, unmistakable luxury, intelligent technology, confident performance and everyday practicality in a package that is made in India and ready for the world."

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Ford Motor Company has opened an 800-seat Global Capability Centre in Coimbatore. It is part of the automaker’s strategy to expands its India operations. The company sold its Sanand plant to Tata Motors but has retained its Chennai plant, which is indicative of the fact that it is still interested in the Indian market.
The Global Capability Centre commissioned at Coimbatore is third centre by the company of its kind. It follows centres in Chennai and Bengaluru. The 82,000 sq ft facility at Coimbatore will mainly support accounting, Ford Credit and other business operations, while also serving as a business continuity hub for the company's Chennai GCC.
“We earlier operated a centre in Coimbatore, which we closed during the COVID pandemic. We have had positive experience with the local talent pool here especially in terms of quality and the range of talent across commercial, operational and engineering operations,” said Gangapriya Chakraverti, India Site Head and Managing Director, Ford Business Solutions. “Ford's biggest talent demand in India continues to be in software engineering, data science and data analytics, alongside the company's growing investments in AI,” she added.

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Skoda Auto Volkswagen India, one of the leading passenger vehicle manufacturers, has announced a leadership change within its sales, marketing and digital division. Jan Bures, who currently serves as Executive Director of Sales, Marketing, and Digital, will conclude his assignment in India and move to a new role at Volkswagen, effective September 2026.

Following the departure of Bures, Piyush Arora, Managing Director & CEO of Skoda Auto Volkswagen India, will take on the additional responsibility of Executive Director of Sales & Marketing for the group in India.

The company stated that this structure is intended to improve strategic alignment, decision-making and accountability across the organisation.

At present, Skoda Auto Volkswagen India operates six brands: Volkswagen, Skoda, Audi, Bentley, Lamborghini and Porsche.

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