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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Skoda Auto Volkswagen India (SAVWIPL) has announced the official launch of the Volkswagen brand in Sri Lanka. The expansion is being executed in partnership with local automotive distributor Continental Cars and Commercials.

The brand has entered the market with two initial passenger vehicle models: the Taigun SUV and the Virtus sedan. Both product lines are manufactured at SAVWIPL’s Chakan production facility in Pune, India, and are exported to Sri Lanka as part of the company's regional manufacturing and export hub strategy.

To anchor the brand's retail presence, SAVWIPL and Continental Cars and Commercials have inaugurated an integrated 3S (Sales, Service, and Spares) dealership facility in Sri Jayewardenepura Kotte, Colombo.

The facility features a built-up footprint of 18,713 square feet positioned across nearly one acre of land, and houses more than 20 active workshop service bays to manage customer after-sales requirements under a single roof.

The market entry aligns with stabilization trends within Sri Lanka's automotive retail sector and an increasing consumer demand for premium passenger vehicles.

Piyush Arora, Managing Director and CEO, Skoda Auto Volkswagen India, said, “Sri Lanka is a market with strong automotive passion and a deep appreciation for quality engineering. Volkswagen’s entry in the country marks not just the expansion of our footprint, but our long term strategy to leverage our scale, localisation and engineering capabilities to build sustainable growth beyond India. With our partner Continental Cars and Commercials Ltd, we are proud to introduce Volkswagen in Sri Lanka, beginning with the Taigun SUV and Virtus sedan. Our focus is to build trust through reliability, customer centricity, and a premium ownership experience backed by strong service support.”

Jan Bures, Executive Director of Sales, Marketing and Digital, SAVWIPL, added, “With the Taigun and Virtus, we are introducing two products that address clear customer preferences in Sri Lanka’s premium passenger vehicle market. Our focus is to build the Volkswagen brand with the right product mix, a strong retail presence, and a dependable after-sales experience that gives customers confidence from day one. This is not just about expanding our horizons in South Asia, but also about creating a solid foundation for sustainable growth over the long term.”

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In a definitive strategic move to defend and expand its footprint in the entry-level passenger vehicle market, Tata Motors has launched its highly anticipated next-gen Tiago portfolio. The prices for the Tiago hatchback starts at INR 469,000 for the petrol variant and INR 579,000 for the CNG variant.

On the other hand, the Tiago.ev can also be had in a Battery-as-a-Service (BaaS) model for INR 469,000 with a running cost of INR 2.6 per km, or an outright starting price of INR 699,000.

The popular hatchback portfolio spanning across conventional internal combustion engines (ICE), innovative Twin-Cylinder iCNG technology and battery-electric derivatives, is part of Tata Motors’ multi-powertrain offensive targeting a vital segment that continues to command a meaningful 20 percent volume share of the Indian automotive landscape.

Interestingly, since its introduction in 2016, the Tiago hatchback has gone on to sell over 700,000 customers.

To counter structural segment shifts toward compact utility vehicles, the next-gen Tiago features a more substantial stance on the road, engineered to feel wider, taller and more planted. Exterior styling upgrades include premium Lux Beam LED headlamps, LED DRLs, Halo Lightbar connected tail lamps and R15 diamond-cut dynamic alloy wheels.

Inside, Tata Motors has standardised high-end interfaces, led by a freestanding ‘Ultra View’ 26.03cm HD touchscreen infotainment console and a digital island cluster. Highlighting the shift toward standalone displays,

As Anand Kulkarni, Product Line Head for Electric Passenger Vehicles, Tata Motors, explained, "Larger screens with smaller bezels and exuding modernity is something that people see around them and they expect that in their car also."

He further noted that with rising production scales, "The costs are no longer as prohibitive as they were at a certain point of time, we should allow customers to benefit from that."

Managing a unified architecture that accommodates Petrol, CNG cylinders and high-voltage battery packs introduces significant manufacturing and development complexity.

Kulkarni pointed out that varying mass distributions across fuel types require precise tuning to maintain segment-best driving dynamics. "Fortunately, in the electric vehicle, I get a great setup because of the battery being spread underneath and sort of balancing itself out," Kulkarni shared, adding that for conventional formats, "We work on spring rates. We work on damping. We work on elastomer stiffnesses in order to create the differences that we expect out of the vehicle."

Tata Motors is doubling down on safety by establishing a protective ‘Safety Dome’ framework constructed from ultra-high-strength steel. The safety package features 6 airbags as standard across all personas, alongside a 360-degree high-definition surround-view camera system and a segment-first Blind View Monitor.

On the green mobility front, the Tiago.ev consolidates its established first-mover advantage of over 75,000 units on Indian roads. The next-generation EV incorporates an updated fast-charging architecture capable of adding 100 km of range in just 18 minutes via a 30 kW DC fast charger.

To maximise customer retention and transition confidence, Tata Motors is backing the private, first-owner 24 kWh long-range variant with a Lifetime high-voltage battery and motor warranty, setting a definitive benchmark for long-term ownership security in urban electric mobility.

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JSW MG Motor India has officially launched the MG Majestor as its D+ segment sport utility vehicle (SUV) at prices starting INR 4.09 million (ex-showroom) for the 4x2 top trim variant.

The MG Majestor replaces the outgoing Gloster as the flagship IC-powered vehicle in the carmaker's domestic lineup. The SUV is available in two drivetrain configurations. The 4x2 Automatic Top Trim is available in 6-seater and 7-seater layouts, while the 4x4 Automatic Top Trim, priced at INR 4.49 million (ex-showroom), can be had only in a 7-seater layout.

It measures 5,046 mm in length, 2,016 mm in width and 1,870 mm in height, with a total wheelbase of 2,950 mm. The SUV is powered by a 2.0-litre twin-turbo diesel engine paired with a ZF 8-speed automatic torque-converter transmission, generating an output of 215.5 PS and 478.5 Nm of torque.

For off-road application, the 4x4 variant incorporates an all-terrain management system featuring 10 terrain-specific drive modes, a dedicated Crawl Control function, a 219 mm ground clearance and an 810 mm water-wading depth threshold. It is claimed to be the first vehicle in its segment to feature triple differential locks across the front, centre and rear axles to manage power delivery over low-traction surfaces.

The MG Majestor features Level 2 Advanced Driver Assistance Systems (ADAS) to manage steering assist, adaptive deceleration, collision warning and automated emergency braking. Standard structural safety systems include six airbags, electronic stability control (ESC), anti-lock braking (ABS), traction control, roll movement intervention (RMI) and a 360-degree high-definition camera network.

The cabin architecture features a black upholstery layout paired with a panoramic sunroof and 64-colour ambient lighting.

In terms of creature comforts, it gets a 12-way electrically adjustable driver's seat and 8-way passenger seat equipped with heating, cooling and localised massage programs. A dual-screen interface linking a 12.3-inch infotainment unit with a 12.3-inch digital instrument cluster. Integrated iSMART system supporting over 75 connected-car features alongside wireless Apple CarPlay and Android Auto.  A 12-speaker JBL surround-sound system, dual wireless smartphone charging docks, a three-zone automatic climate control module and a 220V auxiliary power outlet.

MG Majestor customers will also a unique ownership program under ‘MG Shield’, which includes a three-year unlimited-kilometre vehicle warranty, three years of roadside assistance and three labour-free periodic maintenance services.

Furthermore, JSW MG Motor India is also offering an assured buyback program guaranteeing of up to 70 percent of the MG Majestor’s residual value over a specified operational tenure.

Anurag Mehrotra, Managing Director, JSW MG Motor India, said, “The MG Majestor marks a bold addition to our portfolio as India’s first D+ SUV, delivering a powerful blend of performance, premium comfort, advanced technology and superior reliability. With its unmatched dimension, off-road mastery and multiple segment-first features, the Majestor sets new benchmarks and offers a truly differentiated value proposition in the Indian SUV landscape."

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Chinese automotive major Changan Automobile and Brazil-based Kawa Group (CAOA Group) have opened an automated manufacturing line in Annapolis, Brazil and commenced production of the first locally built Changan Uni-T sport utility vehicle (SUV).

The launch event was attended by Brazilian President Luiz Inácio Lula da Silva, Vice-President Geraldo Alckmin and Chinese Ambassador to Brazil, Zhou Qingqiao.

The vehicle assembly line represents the beginning of a USD 950 million investment cycle spanning 2026 to 2028. This capital follows USD 570 million deployed between 2023 and 2025, bringing the total joint allocation to USD 1.52 billion.

The funding is intended to establish an annual production capacity of 90,000 vehicles. The expansion project aligns with Changan's global growth initiative, known as the ‘Vast Ocean Plan.’

The Uni-T was developed over three years by a team of 200 Chinese and Brazilian engineers. The model is powered by a 1.5-litre Blue Core Flex turbocharged engine featuring direct fuel injection. The powertrain was modified by Kawa Group to operate on flexible-fuel configurations, allowing the use of ethanol-petrol blends.

To validate durability and thermal efficiency across different climates, the SUV underwent a 200,000-kilometre testing program prior to standard production.

Following the introduction of the flexible-fuel model, Changan plans to expand its local production network to include hybrid and electric powertrains. The Chinese automaker also intends to establish more than 60 commercial dealerships across the region by the end of 2026 to support its broader distribution network.

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