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 has unveiled the name of its latest show-car, the Bridger Concept, as part of its continued international expansion. This model serves as a precursor to a forthcoming production vehicle, specifically an urban SUV designed with new dimensions to accommodate the evolving needs of city-dwelling families.

The Bridger Concept stands out with its bold and robust design, featuring surprisingly compact proportions. Measuring under four metres in length, it maximises interior space, demonstrating that a smaller footprint does not necessitate a compromise on roominess. The name itself, derived from the English word ‘bridge’, was chosen for its connotations of strength, connection and linkage. This choice highlights the vehicle's assertive styling and reinforces the brand's commitment to fostering human connections within the cabin, a core aspect of its ‘voitures à vivre’ philosophy.

A comprehensive reveal of the Bridger Concept is scheduled for 10 March 2026. This unveiling will occur during the presentation of Renault Group's futuREady strategic plan, with the entire event being streamed live from the company's official events platform.

Explaining the thinking behind the name of the new show-car, Sylvia dos Santos, Head of Naming Strategy with Renault's Global Marketing Division, said, “With Renault Bridger, we are adding to our family of names based on English words.  This one comes from the word 'bridge', with the letters 'ER' added for identification. The name Renault Bridger is part of the same approach as the name of Renault Duster. It’s a powerful, robust and versatile name, ideal to identify our new urban SUV show-car and open a new page in our international offensive!”

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Axis Bank has announced its appointment as a preferred financer for Tesla in India, which will see the company provide financing solutions for customers purchasing Tesla vehicles as part of a nationwide rollout.

The collaboration covers major metropolitan areas and emerging electric vehicle (EV) hubs. The initiative is designed to integrate with Tesla’s global ownership model by using digital onboarding to manage the purchase journey.

Axis Bank has developed specific auto-loan products for the premium EV segment. These offerings focus on repayment flexibility and digital processing speeds.

It includes loan tenure options extending up to 10 years. Customised structures designed to align with individual customer cash flows. A fully digital onboarding process intended to reduce sanction turnaround times. Coverage across all-India locations to support Tesla’s market entry.

Munish Sharda, Executive Director, Axis Bank, said, “As electric mobility gains momentum in India, Axis Bank is proud to collaborate with Tesla to help accelerate this transition. Through this collaboration, we are bringing together world-class electric vehicles with innovative, tailored financing solutions and seamless customer engagement. This makes it easier for customers to adopt sustainable mobility without compromising on convenience or flexibility. This initiative reflects our continued focus on responsible banking and future-ready solutions.”

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Vietnamese electric vehicle brand VinFast has announced the completion of its strategic restructuring into three automotive brand lines. The company officially unveiled two flagship models, the Lac Hong 800S and the Lac Hong 900S, to head its ultra-luxury marque.

The restructuring divides the portfolio into the Lac Hong ultra-luxury line, the VF passenger vehicle range and the Green commercial mobility brand. VinFast has maintained a leadership position in Vietnam for 16 consecutive months, delivering 175,099 vehicles in 2025.

The three brands target different market segments to support the company's next phase of development:

• Lac Hong: Comprises the 900 LX, 900S, and 800S models.
• VF: Includes a portfolio of passenger EVs from the VF 3 to the VF 9 and the VF MPV 7.
• Green: Developed for commercial mobility, featuring the Limo Green, Herio Green, Nerio Green and Minio Green models.

The new Lac Hong 800S and 900S models use design elements inspired by Vietnamese heritage, such as a grille with vertical slats and emblems evoking the Lac bird. Interior materials include Nappa leather, wood and gold-plated accents.

They are equipped with a tri-motor system with one front motor and two rear motors; a combined output of 460 kW and a fully active suspension system for ride comfort and stability.

On the inside, it gets executive seating and power-assisted doors. The 900S includes a privacy partition, a projection entertainment system and a workstation.

The Lac Hong 800S and 900S are scheduled for commercial launch in 2027.

At present, VinFast operates manufacturing facilities in Vietnam and India, with planned operations in the United States. The facility in Thoothukudi, Tamil Nadu, represents a USD 500 million investment and is designed to produce 150,000 vehicles annually.

Duong Thi Thu Trang, Deputy CEO of Global Automotives, VinFast, said, “Following a period of accelerated growth - achieving the No.1 position in Vietnam and establishing our presence in key regional markets - the completion of our three-brand structure lays the foundation for our next phase of development: structured, professional and breakthrough-driven. The Lac Hong 800S and 900S stand as further proof of VinFast’s technological mastery, product development capability and advanced manufacturing expertise. We believe products created by Vietnamese intellect, craftsmanship and resilience not only inspire national pride but also convey a powerful message about Vietnam’s cultural heritage and technological stature in this new era of global advancement.”

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Mercedes-Benz has introduced the all-new V-Class to the Indian market, a model poised to transform the landscape of private luxury transportation. This vehicle is designed to offer an ambiance of spaciousness, freedom and serenity, effectively functioning as a personal sanctuary for those who value both privacy and sophisticated comfort while traveling. By merging progressive design with exceptional roominess and lavish appointments, it establishes a new benchmark in its category.

The vehicle is built on an extended wheelbase platform (5,370 mm length, 3,430 mm wheelbase, 1,928 mm width, 1,880 mm height), which provides the foundation for its generous interior. Its primary focus is on creating what the brand describes as a 'Private Suite' on wheels, ensuring each journey is tailored to individual preferences. The cabin is configured with six seats, with the second row featuring premium individual seats equipped with ventilation, massage functionality, calf rests and integrated wireless charging. In a segment-first move, the third-row seats also offer ventilation, ensuring passenger comfort is prioritised throughout the vehicle. The front seats are fully electric and include ventilation and adjustable cushion length, establishing a commanding position for the driver.

The sensory experience within the V-Class is meticulously curated. A 64-color ambient lighting system allows passengers to personalise the cabin's mood, complemented by a high-fidelity Burmester surround sound system with 15 speakers. Climate comfort is managed by an advanced automatic system, and the ENERGIZING Comfort package offers a selection of up to 10 wellness programs that harmonise various in-car systems. Practical luxury is evident in the electrically operated sliding doors on both sides and the split tailgate, which can be controlled through multiple touchpoints for effortless access and loading in any situation.

The V-Class offers both petrol and diesel powertrain options, each paired with a nine-speed automatic transmission. It is the first market globally to offer the AIRMATIC air suspension system on both fuel types, ensuring a supremely comfortable ride across varying terrains. The vehicle's exterior is defined by the AMG Line package, featuring a distinctive radiator grille and LED lighting. Advanced technology includes the MBUX infotainment system, MULTIBEAM LED headlights that adapt to traffic and a comprehensive suite of driver assistance systems for safety and convenience. Available in five metallic exterior shades and two interior leather choices, the all-new V-Class represents a holistic approach to mobile luxury, combining space, technology, and personalized comfort in a locally produced package.

In a significant strategic development, Mercedes-Benz India will produce the new V-Class locally. This decision reinforces the company's long-standing dedication to the Indian market and follows the recent announcement of local production for another ultra-luxury model. The V-Class thus becomes the second high-end vehicle this year to be assembled domestically, underscoring the brand's commitment to deepening its roots in the country. Customer bookings are now open, with an initial deposit of INR 500,000 securing priority delivery and an introductory price for existing clientele.

Santosh Iyer, Managing Director & CEO, Mercedes-Benz India, said, “We are delighted to introduce the all-new V-Class for the Indian market, redefining the concept of a ‘private suite’ offering luxury, space and privacy to our exclusive customers. The V-Class addresses a growing trend amongst India’s opulent customers and trend setters, who seek an oasis of personal space, tranquillity and privacy while travelling in the lap of luxury. The decision to start the local production of the V-Class further reinforces our India commitment, adding significant value to our customers.”

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