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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Hyundai Motor India (HMIL), one of the leading passenger vehicle manufacturers, has marked its 30th Foundation Day today.

Established on 6 May 1996, the South Korean automaker has sold 13.5 million units to date, which includes 9.6 million vehicles sold in India and 3.9 million units exported to 150 countries.

Since its inception, Hyundai Motor India has invested around INR 4,070 billion in its Indian operations. The company has outlined a plan to invest an additional INR 4,500 billion between FY2026 and FY2030. This investment will focus on manufacturing, electrification and the introduction of 26 products and variants by 2030.

Tarun Garg, MD & CEO, Hyundai Motor India, said, "Hyundai Motor India’s 30-year journey is defined by trust earned over time and the pride of our teams delivering consistently for customers across India. It is also marked by Progress - our collective contribution to advancing the mobility journey of India. We are proud to have served over 13.5 million customers since inception - including 9.6 million+ in India and 3.9 million+ exported to 150 countries across the globe - a testament to India’s role at the heart of Hyundai’s global success. As we celebrate this milestone, we look ahead with youthful energy and unwavering commitment, shaping mobility for India and the world. Guided by our global vision of Progress for Humanity, we remain deeply connected to India’s aspirations, driving innovation, sustainability and shared prosperity for generations to come."

The automaker operates manufacturing facilities in Chennai, Tamil Nadu and Talegaon, Pune, with a combined capacity to produce around 994,000 units per annum, with plans to reach 1.07 million units per annum by 2028. Hyundai Motor India is currently the largest cumulative exporter of passenger vehicles from India.

In India, the automaker has established a robust sales network of 1,500 outlets across 1,100 cities, covering 78 percent of the country’s districts. The service network includes 1,675 touchpoints and 162 mobile service vans. It employs 50,000 professionals across its dealerships. Digital systems are used for 91 percent of repair orders and 632 workshops offer live streaming of vehicle services.

Hyundai Motor India has achieved the RE100 benchmark, with all offices and plants powered by renewable energy. At the Chennai plant, 80 percent of water requirements are met through rainwater harvesting and recycling. The facility also maintains zero liquid discharge.

Through the Hyundai Motor India Foundation, the company has invested over INR 8.03 billion in social initiatives since 2014. These programmes include the planting of 1.29 million trees and the support of 2,300 schools. The company provides 15,000 to 18,000 direct jobs and supports approximately 350,000 to 450,000 indirect roles through its suppliers and partners.

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Skoda Auto Volkswagen India (SAVWIPL), one of the leading passenger vehicle manufacturers, has appointed Ashutosh Dixit as its new Brand Director for Porsche India, effective immediately. He succeeds Manolito Vujicic, who is leaving the Volkswagen Group to pursue other opportunities.

Dixit brings over 28 years of automotive industry experience to the role, with nearly 20 years spent within the Volkswagen Group. His career includes leadership roles across India, China and Europe, focusing on strategy, sales operations and brand development. Most recently, he served as Market Development Director at the Porsche Middle East and Africa regional office. In his previous regional position, he was instrumental in shaping initiatives specifically for the Indian market.

The appointment comes as SAVWIPL continues to focus on strengthening internal Indian talent and expanding its presence in the domestic luxury segment.

In his new role, Dixit will be responsible for guiding Porsche India into its next phase of market presence and performance. Building stronger relationships with customers and achieving new milestones in the dynamic Indian market. Continue to nurture the progress made under previous leadership while maintaining a focus on sustainable growth and innovation.

Piyush Arora, MD and CEO, Skoda Auto Volkswagen India, said, “We are delighted to welcome Ashutosh Dixit as the new Brand Director of Porsche India, who will further bolster the leadership team in India. Ashutosh is a familiar face within the Volkswagen Group, with his understanding of markets, customers, and the brand making him well-suited to lead Porsche India. I’m confident he will build on the progress Porsche has made in India and continue to strengthen the brand's presence. This appointment is a testament to our unwavering focus on strengthening internal talent from within India.”

Dr. Manfred Braunl, CEO, Porsche Middle East and Africa, added, “Ashutosh brings a deep understanding of both the Porsche brand and the Indian market to this role. His leadership experience across regions and functions makes him exceptionally well-positioned to guide Porsche India into its next phase.  India continues to be an important market for us, and we are confident that under his leadership, the brand will further strengthen its presence and performance.”

Jan Bures, Executive Director of Sales, Marketing and Digital, Skoda Auto Volkswagen India, added, “Ashutosh’s appointment marks an exciting chapter for Porsche in India. His proven ability to navigate diverse markets and lead with vision makes him the right person to drive our journey forward. India is a dynamic and strategic market for us, and with Ashutosh at the helm, we look forward to building stronger connections with our customers and achieving new milestones.”

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BMW Group India has introduced the all-new BMW M440i xDrive Convertible as a completely built-up (CBU) unit, priced at an ex-showroom rate of INR 10.9 million.

The premium model combines a classic soft-top silhouette with modern performance and engineering, featuring a panel bow soft-top roof that can be operated at speeds up to 50 kmph. The electric mechanism completes the opening or closing process in 18 seconds, offering a blend of open-air driving and refined design.

Under the bonnet, the convertible is powered by a B58 inline 3-litre 6-cylinder engine equipped with a 48V mild hybrid setup for improved efficiency and performance. This powertrain produces 374 hp and 500 Nm of maximum torque, enabling the car to accelerate from zero to 100 kmph from a standstill in a claimed 4.9 seconds.

The M440i xDrive Convertible comes with an eight-speed Steptronic Sport automatic transmission and intelligent xDrive all-wheel-drive technology to maintain traction and stability. Precision handling is further supported by standard features such as adaptive M suspension, an M Sport differential and M Sport brakes.

The exterior design is highlighted by a vertically arranged BMW kidney grille in high-gloss black and adaptive LED headlights with a black tint. The rear of the car features CSL-style taillights with an intricate woven laser pattern and an M rear diffuser. The car sits on 19-inch M light-alloy wheels and is available in eight different colours, including Portimao Blue, Fire Red and Cape York Green, with additional customisation options available for a bespoke finish.

Inside, the cabin features the BMW Curved Display, which houses a 14.9-inch infotainment screen and a 12.3-inch digital information display. The interior is finished with a luxury instrument panel, sports seats with electric adjustments, and an M leather steering wheel with standard gearshift paddles. For entertainment, the vehicle is equipped with a 12-speaker Harman Kardon surround sound system. Technological features include the latest BMW Operating System 8.5, a head-up display and the MyBMW app for remote services and digital key functionality.

The sedan is also equipped with a wide range of safety and driver assistance systems. The Parking Assistant includes a 360-degree surround view, while the Reversing Assistant helps navigate narrow driveways by taking over steering for the last 50 metres driven. Safety technologies include six airbags, attentiveness assistance, and dynamic stability control.

Hardeep Singh Brar, President, BMW Group India, said, “The all-new BMW M440i xDrive Convertible exemplifies BMW’s passion for combining exhilarating performance with timeless elegance. With its unmistakable design, powerful M tuned performance and refined open top driving experience, it delivers a new expression of sporting freedom. At BMW Group India, we are proud to introduce a convertible that not only excites behind the wheel, but also represents a distinctive, aspirational lifestyle for our customers.”

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TATA.ev has introduced the new Curvv.ev SeriesX, featuring two long-range variants designed for intercity travel. The new SUV-coupe lineup starts at INR 1.69 million (ex-showroom, Mumbai) and includes the Accomplished X 55 and Empowered X 55 personas.

The SeriesX is built on the acti.ev architecture and focuses on delivering high range and performance for highway driving. The EVs are equipped with a 55 kWh battery pack, delivering 167 HP and 215 Nm of torque. The SeriesX offers an ARAI-certified range of 502 km and a real-world C75 range of approximately 400 km. Tata Motors is providing a lifetime HV battery warranty to ensure long-term ownership security.

The Curvv.ev SeriesX simplifies the lineup into two distinct, feature-rich choices – Accomplished X 55 and Empowered X 55.

The Accomplished X 55 focuses on comfort and daily technology needs. It includes a panoramic sunroof, dual 26.03 cm digital screens for instrumentation and infotainment, and a 360-degree surround-view camera. Interior features include ventilated R-Comfort seats, premium leatherette upholstery and rear sunshades.

The Empowered X 55 on the other hand offers the flagship expression of the range. This variant adds advanced luxury and safety features including a 31.24 cm cinematic touchscreen by HARMAN, a 9-speaker JBL sound system and Level 2 ADAS with 20 safety features. Additional premium equipment includes R18 alloy wheels, a gesture-controlled powered tailgate and Vehicle-to-Vehicle (V2V) and Vehicle-to-Load (V2L) charging capabilities. This variant is also available in the #DARK edition.

The series introduces a new Nitro Crimson colour option alongside the existing palette – Accomplished X 55 at INR 1.69 million, Empowered X 55 at INR 1.91 million and Empowered X 55 #Dark at INR 1.94 million (ex-showroom Mumbai).

Vivek Srivatsa, Chief Commercial Officer, Tata Passenger Electric Mobility, said, “With every new EV we introduce, our focus is to make electric mobility more accessible and rewarding. The Curvv.ev SeriesX personas invite customers to experience India’s first SUV Coupé powered by a 55 kWh battery pack that delivers 502 km of long-driving range for effortless intercity journeys. It combines practical and premium features with a lifetime HV battery warranty, ensuring truly stress-free ownership at a compelling price point, enhancing its value proposition”.

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