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 India, one of the leading passenger vehicle manufacturers, has announced a strategic partnership with CSC (Common Services Centre) Grameen eStore to extend its sales network into India's semi-urban and rural markets.

Through this collaboration, Skoda's current portfolio – including the Kylaq, Kushaq and Slavia – will be accessible via the CSC digital-first platform. This move makes Skoda one of the few premium automotive brands to leverage the vast network of local Village Level Entrepreneurs (VLEs) to bridge the accessibility gap in non-metropolitan regions.

The partnership utilises a hybrid model that combines digital discovery with physical fulfilment. Customers in remote areas can explore and initiate inquiries for Skoda vehicles through the Grameen eStore platform. Local entrepreneurs at CSC centres will assist customers with product details and purchase journeys. Once a purchase is initiated via the CSC network, the final delivery and subsequent vehicle servicing will be handled by Skoda Auto India’s existing dealership infrastructure.

Ashish Gupta, Brand Director, Skoda Auto India, said, “At Skoda Auto India, our growth journey is anchored in improving accessibility and building relevance across newer markets. Our partnership with CSC Grameen eStore allows us to bridge access gaps by combining the strength of a trusted local network with our diverse product portfolio that democratises technology for Indian customers. This initiative will bring Skoda Auto closer to customers, enabling them to experience our products and services more conveniently, regardless of their location, creating a more inclusive and accessible mobility ecosystem.”

The CSC Grameen eStore has become a vital channel for automotive manufacturers looking to tap into India's ‘Bharat’ market. For Skoda, this partnership scales its reach significantly without the immediate need for capital-intensive physical showroom expansions in lower-tier cities, while still maintaining the premium service standards provided by its authorized dealers.

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Renault India has officially launched the updated 2026 Triber, introducing several segment-first comfort and convenience features aimed at strengthening its position in the compact multi-purpose vehicle (MPV) market.

The upgraded model priced between INR 580,875 and INR 800,350 (ex-showroom) focuses on making premium features more accessible across the variant lineup, specifically targeting family buyers who require modularity and enhanced cabin technology.

The 2026 Triber introduces features typically found in higher-segment vehicles to improve the ‘value-driven premium’ experience, which includes Automatic Climate Control in the top-end Emotion variant. New 2nd-row full-fold seats increase the total boot capacity to a segment-best 1,065 litres.  The standard one-touch tumble function remains for easy access to the third row.

It also gets a new dual-tone dashboard featuring a 20.32 cm (8-inch) floating touchscreen with wireless Apple CarPlay and Android Auto.

The 2026 Triber is available in four distinct trims, with upgrades distributed across the mid and top-tier variants:

Mechanically, the Renault Triber continues to come with the 1.0-litre petrol engine delivering 72 PS and 96 Nm of torque, mated to either a 5-speed manual or a 5-speed Easy-R AMT (available in the Emotion trim for INR 847,950).

In terms of safety, Renault has standardised 21 features across all variants, including 6 airbags, Electronic Stability Control (ESC), ABS with EBD and a Tyre Pressure Monitoring System (TPMS).

Francisco Hidalgo Marques, Vice-President – Sales & Marketing, Renault India, said, "The Second-Generation Renault Triber has been celebrated as the ultimate family car in the segment, and with this thoughtful upgrade we’ve taken practicality and comfort to the next level. By introducing segment-first features like automatic air conditioning, full-fold second-row seats with best-in-class boot space, and the standard one-touch tumble function for easy third-row access, we are reaffirming our commitment to delivering unmatched value to our customers. We are confident that these enhancements will strengthen Triber’s position as the first choice for families across India."

To boost ownership confidence, the 2026 Triber comes with a 3-year standard warranty, which can be extended up to 7 years with unlimited kilometres under the Renault Secure programme.

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Renault Group UK has appointed Gary Pearson as Head of Sales for Renault and Dacia. The move strengthens the company’s commercial leadership at a time when both marques are gaining traction in the British market. Pearson brings over 25 years of industry experience, having worked for established global automakers as well as agile challenger brands.

His career began with a 16-year tenure at Audi, where he held senior roles in sales, marketing and network development. He later moved into global and start up environments, including positions at McLaren and INEOS Automotive. Most recently, Pearson held senior commercial posts at Andersen EV and Morgan Motor Company, focusing on growth, brand positioning and commercial performance. His work with retailer networks and international corporate operations has given him a broad perspective on the current automotive landscape.

A key early priority for Pearson will be collaborating with the sales operations team to build momentum and ensure strong internal alignment, supporting further growth for both brands. He joined Renault Group UK on 28 April and will be based at the company’s headquarters in Maple Cross.

Ben Fish, Sales & Network Operations Director, Renault Group UK, said, “Gary understands how to drive performance in complex environments, whether that’s within large OEM structures or newer, more agile businesses. That combination is particularly valuable as we continue to evolve our sales operations and strengthen how we support our retailers. His experience and approach make him a strong fit for the team, and I’m looking forward to seeing the impact he will have across Renault and Dacia’s portfolios.”

Pearson said, “The UK market is at a really interesting point, with rapid change in both customer expectations and the broader shift to electrification. Renault and Dacia are both well positioned, with clear identities and strong product line-ups across their car and LCV ranges that speak directly to those changes. I’m looking forward to working closely with the retailer network and the wider team to build on that momentum and ensure we continue to deliver for customers in a very competitive environment.”

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Japanese automotive luxury brand Lexus India has announced a standard 8-year/200,000 km warranty for all new vehicles sold from 1 April 2026.

This makes it the first luxury manufacturer in India to offer such extensive coverage. This enhancement significantly upgrades the brand's previous 8-year/160,000 km programme (introduced in 2024), specifically increasing the mileage cap to accommodate high-usage owners.

The initiative is rooted in the Japanese philosophy of Omotenashi – anticipating customer needs – and aims to bolster resale value while providing long-term security.

The updated policy is designed to be comprehensive and ‘guest-centric,’ requiring no additional premium from the buyer.

As per the company, all new Lexus models sold in India starting 1 April 2026 will now get 8 years or 200,000km (whichever comes first) warranty from the date of delivery. The warranty is part of a broader ‘Lexus Life’ ecosystem that includes tailored finance plans, insurance and 24x7 roadside assistance.

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