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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Škoda Auto India has expanded its Gujarat network with three new Customer Touchpoints in Ahmedabad and Himmatnagar, developed in collaboration with PPS Motors Pvt. Ltd. The additions comprise a sales and service hub at Naroda, a sales-only outlet at Maninagar and a Compact 3S facility in Himmatnagar, reinforcing the automaker’s footprint in western India.

The Naroda site spans 26,700 square feet, accommodating six display cars, 19 service bays and an Express Care Bay for swift repairs. Maninagar’s 4,800-square-foot showroom houses seven vehicles, while Himmatnagar’s 10,600-square-foot compact centre features four display cars and four service bays. All facilities adhere to the Modern Solid global design language, ensuring a premium customer environment.

With this rollout, Škoda Auto India’s Gujarat presence now totals 25 touchpoints across 16 cities, including Surat, Vadodara, Rajkot and Gandhinagar, among others. The new outlets are positioned to deliver comprehensive sales and after-sales support, aligning with the brand’s regional growth strategy.

Ashish Gupta, Brand Director, Škoda Auto India, said, “With the inauguration of these new facilities in Gujarat, we continue to strengthen Škoda Auto India’s presence across the state and the western region of India. Ahmedabad alone has five Customer Touchpoints now operational, and we are bringing our complete product range closer to customers while ensuring they experience the highest standards of service and care. Gujarat remains a vital pillar of India's growth, and with the Kylaq, new Kushaq, Kodiaq and Slavia, we are confident of growing the Škoda brand in this important market.”

Rajiv Sanghvi, Dealer Principal, PPS Motors Pvt. Ltd., said, “We are proud to strengthen our partnership with Škoda through the inauguration of these new touchpoints. This marks our entry into Gujarat and a significant milestone in our expansion across Western India. With 28 Škoda Auto-PPS Customer Touchpoints across Karnataka, Telangana, Andhra Pradesh, Kerala and now Gujarat, this expansion reflects our shared commitment to delivering a premium customer experience across every stage of the ownership journey. By combining Škoda Auto's advanced products and customer-centric philosophy with PPS Group's automotive expertise spanning more than 75 years, we are committed to delivering a best-in-class ownership experience while establishing a strong Škoda Auto presence in the region.”

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PPS Motors has inaugurated a new Mahindra touchpoint in Pune, further solidifying its presence within Maharashtra as part of a broader strategy to enhance customer accessibility and service quality. The facility was officially opened in the presence of senior officials from Mahindra & Mahindra, including Aman Malik, National Sales Head; Gaurav Beohar, Zonal Sales Head (West); Prabhakar Jakkan, Regional Sales Manager; Pakshal Shah, Chief of Staff, PPS Group, marking a significant collaboration between the two organisations.

Located strategically on East Street in Camp, the newly established 3,600 sft showroom is engineered to offer a premium and immersive customer journey. The space can accommodate up to five vehicles simultaneously, displaying Mahindra’s full range of passenger vehicles, which includes both internal combustion engine and electric options. Every aspect of the dealership, from its modern colour scheme and dynamic lighting to its intuitive technology, has been meticulously crafted to reflect progressive design and refined elegance, allowing visitors to explore breakthrough innovations such as the INGLO Electric Origin architecture and the advanced MAIA automotive mind.

This launch significantly bolsters PPS Motors’ extensive network, as the group now operates 149 Mahindra touchpoints across six states, including Maharashtra, Andhra Pradesh and Karnataka. The Camp location represents the eighth Mahindra facility in Pune, comprising seven showrooms and one workshop. Within just two years of commencing local operations, PPS-Mahindra has sold over 6,200 vehicles in the Pune region, and the group achieved approximately 41,500 Mahindra vehicle sales nationwide in FY 2026, cementing its status as the manufacturer’s largest sales and after-sales partner in India.

The expansion arrives amid robust regional automotive growth, with Pune’s passenger vehicle registrations rising to 74,814 units in 2025. Furthermore, Maharashtra has maintained its dominance in the electric vehicle sector, recording retail sales of 34,139 e-PVs in FY 2026, a remarkable 100 percent increase from the previous fiscal year, underscoring the growing consumer appetite for both conventional and electric mobility solutions in the state.

Rajiv Sanghvi, Dealer Principal, PPS Group, said, “We are delighted to inaugurate our 149th Mahindra touchpoint at the prestigious Camp location in Pune. This expansion reinforces our nearly seven-decade partnership with Mahindra, built on trust, shared growth and a relentless focus on customer satisfaction while further strengthening our position as its largest dealership partner in India, with around 41,500 vehicle sales in FY2026. With Mahindra’s future-ready products, customer-focused approach coupled with our deep understanding of the customer needs, we together endeavour to provide best-in-class ownership experience for our customers.”

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Maruti Suzuki India (MSIL), the country’s largest passenger vehicle manufacturer, has opened bookings for the 2026 Brezza, which is set to be launched on 24 July 2026.

The SUV can be reserved at Maruti Suzuki ARENA showrooms or via the company website for an amount of INR 11,000. Since its launch in 2016, the company has sold over 1.4 million units of the Brezza.

Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India, said, "Brezza's extraordinary journey since its introduction in 2016 has made it India’s highest selling compact SUV. In 10 Years, Brezza has won the trust of over 1.4 million customers which is a testament of its product supremacy and segment domination. In 2026, The new Brezza will represent a perfect synthesis of customer’s love and unlock a new dimension of excitement. We invite customers to book the new Brezza today and be among the first to experience it."

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Kia India, one of the leading passenger vehicle manufacturers, has announced that the Carens SUV family has reached a cumulative sales milestone of 300,000 units, which includes the Carens, Carens Clavis and the Carens Clavis EV.

At present, the Carens lineup sales consist of 60 percent petrol, 30 percent diesel and 10 percent electric. The Carens Clavis EV is available with two battery capacities: a 51.4 kWh option providing a 490 km range and a 42 kWh option with a 404 km range. The EV features fast charging, capable of reaching 80 percent charge from 10 percent in 39 minutes, and is powered by motors delivering 255 Nm of torque.

Sunhack Park, Chief Sales Officer, Kia India, said, “The 300,000-unit milestone for the Carens underscores its position as a segment leader and a true gamechanger in the MPV space. This achievement is a direct result of our product-led strategy, our sharp understanding of customer needs, and our unwavering focus on quality. It strengthens our conviction that the Carens is the benchmark for its class, and we are energized to build on this momentum as we accelerate our growth journey."

Furthermore, for Carens the top trim levels account for 18 percent of total sales.

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