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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Japanese luxury car brand Lexus India has launched the self-charging hybrid ES 350h executive sedan, introducing the eighth-generation iteration of its core model line at prices starting INR 6.61 million for the Exquisite variant, going up to INR 7.18 million for the Luxury variant (ex-showroom).

Manufactured in India, the ES 350h shares its underlying platform with the battery-electric ES 500e and gets an updated 2.5-litre inline four-cylinder engine paired with an electric motor, an integrated power control unit eAxle and a lithium-ion battery pack. The IC-engine generates 139 kW at 6,000 rpm and 237 Nm of torque between 3,600 and 5,000 rpm, while the electric motor produces 119.1 kW. It achieves a claimed certified fuel efficiency rating of 25.22 kilometres per litre.

The ES 350h measures 5,145 mm in length, 1,920 mm in width and 1,575 mm in height, with a 2,950 mm wheelbase. On the outside, it gets daytime running lamps (DRL) integrated into turn indicators and rear lighting positioned on the outer body edges.

On the inside, the cabin features a 14.0-inch touchscreen multimedia interface and hidden switches built directly into the interior surfaces. Active safety features are provided through the Lexus Safety System+ suite, which includes pre-collision detection, radar cruise control, lane tracing assist and emergency braking systems.

Hikaru Ikeuchi, President, Lexus India, said,"Today marks a significant milestone for Lexus in India as we launch the All-New ES 350h. Building on the immense success of its predecessors, this launch reflects our long-term commitment and continued efforts to deliver vehicles of world-class quality tailored to the needs of our guests in India. Manufactured in India, the All-New ES 350h embodies our multi-pathway approach to sustainable mobility, seamlessly blending advanced technology, exceptional ride quality, and luxury. Renowned for its Takumi craftsmanship and inspired by the spirit of Omotenashi hospitality, it offers an elevated experience defined by comfort, innovation, and meticulous attention to detail. As the lifestyles and landscape continues to evolve, we remain committed to delivering vehicles that inspire confidence, enrich lifestyles, and contribute to a more sustainable future. We are confident that the All-New ES 350h will set new benchmarks in its segment, further strengthen the Lexus brand in India, and exceed the expectations of our guests."

The ES 350h comes with an eight-year or 200,000-kilometre warranty for both the car and its hybrid battery pack.

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Stellantis India completed the delivery of 125 Citroen and Jeep vehicles to customers across Kerala to coincide with the Onam festival. The handover involved models from both brand portfolios across the company's regional dealership network.

The deliveries encompassed Citroen models including the Basalt, Aircross, C3 and e-C3, alongside Jeep vehicles including the Compass, Meridian and Wrangler.

Kumar Priyesh, Business Head and Director of Automotive Brands, Stellantis India, said, "Onam is a festival that celebrates togetherness, prosperity and new beginnings, making it a particularly meaningful occasion for customers taking delivery of their new vehicles. We are delighted to celebrate this festive season with 125 Citroen and Jeep customers across Kerala as they begin a new chapter in their mobility journey. The overwhelming response reflects the trust customers place in our brands and our commitment to delivering products that resonate with diverse customer aspirations. Whether it is the adventurous spirit of Jeep or the comfort-centric philosophy of Citroën, both brands are united by a common focus on creating memorable ownership experiences."

The initiative was executed in partnership with local dealer networks across the state, incorporating specific delivery handovers for individual buyers during the holiday period. The volume of handovers reflects ongoing demand across both product lines, which target different vehicle market segments ranging from urban commuters to off-road users.

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JSW MG Motor India, one of the leading passenger vehicle manufacturers, has launched the Hector Tomahawk, the first vehicle built on its Advanced Drive Architecture Platform Technology (ADAPT) platform, with prices starting at INR 1.39 million plus INR 4.90 per km Battery Rental for the Battery-as-a-Service (BaaS) model.

The platform serves as the company's multi-new energy vehicle system in India, supporting both electric vehicle and plug-in hybrid electric vehicle powertrains.

The Hector Tomahawk EV features a 69.2 kWh battery pack paired with an electric motor delivering 150 kW of power and 310 Nm of torque, yielding a certified range of 517 kilometres. The PHEV variant combines a 1.5-litre petrol engine, a dedicated hybrid transmission and a 20.5 kWh battery pack, offering a pure-electric range of over 115 kilometres and a combined range exceeding 1,100 kilometres. It also incorporates vehicle-to-home energy transfer capabilities.

The SUV measures 4,745 mm in length, 1,850 mm in width and 1,770 mm in height, with a 2,810 mm wheelbase and 230 mm of ground clearance at the battery. On the inside, it gets the largest in its segment, a 15.6-inch touchscreen display, an 8.8-inch multi-information display, a panoramic glass roof, Level 2 assistance systems and standard six airbags across all variants.

The Hector Tomahawk PHEV can be had for INR 2.17 million plus INR 3.20 rupees per kilometre battery rental.

For customers looking for an outright purchase, the Hector Tomahawk can be purchased for INR 1.94 million for the EV model and INR 2.56 million for the PHEV model. The deliveries will begin in September 2026 for the EV variant, while PHEV deliveries are scheduled to commence in November 2026.

Parth Jindal, Director, JSW MG Motor India, said, "The Hector Tomahawk represents a significant milestone in our journey toward building a sustainable mobility ecosystem in India. We remain focused on bringing the world's-best available technologies and environmentally responsible solutions to Indian consumers, while supporting the country's transition to cleaner transportation. The introduction of the Hector Tomahawk EV and the Hector Tomahawk PHEV, India's first plug in hybrid electric vehicle (PHEV)^, reflects our commitment to offering a diverse portfolio of new-age mobility solutions that address evolving customer needs and driving patterns.”

Anurag Mehrotra, Managing Director, JSW MG Motor India, said, "The future of mobility will not be defined by a single technology solution but by providing customers the freedom to choose the pathway that best suits their needs. We recently introduced India's First Multi New Energy Vehicle Platform – ADAPT as the foundation for our next generation of products. Today, the Hector Tomahawk becomes the first SUV to bring that vision to life. By offering both EV and Plug-in Hybrid technologies, we are democratising sustainable mobility while addressing the diverse requirements of Indian consumers. The Hector Tomahawk combines intelligent technology, advanced safety, premium comfort and electrified performance, reaffirming our commitment to developing future-ready products for a rapidly evolving automotive landscape."

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German luxury brand BMW Group-owned MINI India has launched Mod My MINI, a vehicle customisation programme for Cooper and Countryman models. The initiative enables owners to alter both new and existing vehicles through factory-supported upgrades.

The programme provides options to modify components, including the roof, mirror caps, spoilers and brake calipers. Customers can select from a catalogue featuring over 100 paint shades, thematic decals and original accessories, yielding up to 2.5 million potential configurations.

Hardeep Singh Brar, President and CEO, BMW Group India, said, “MINI has never been just a mode of transport; it is a declaration of personal style. We firmly believe that no two MINIs on the road should look the same, which is why the 'Mod My MINI' programme puts the design canvas directly into the hands of our owners. True luxury is defined by the freedom to choose, and by offering this unprecedented tier of factory-backed customisation, we ensure that every driver can define their vehicle's identity entirely on their own terms. Ultimately, small changes drive a big personality, making your driving experience as completely unmatched as your fingerprint.”

Decals applied through the programme carry a 24-month warranty from the installation date. The service is available across MINI India’s 17 sales touchpoints in 16 cities, with vehicle servicing integrated into the broader BMW Group India network spanning 51 locations.

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