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.

Comments (0)

ADD COMMENT

Link Copied!

Bentley Motors has confirmed a leadership change within its communications and heritage divisions. Angus Fitton will join the company as Chief Communications Officer, taking charge of global product, corporate and internal communications at the luxury car manufacturer’s headquarters in Crewe, England. He will step into the role vacated by Wayne Bruce, who is transitioning to a new position as Director of Visitor Experience and Heritage. Both executives will report directly to Bentley’s Chairman and CEO, Dr Frank-Steffen Walliser.

Fitton arrives at Bentley with extensive industry experience, most recently serving for seven years as Vice President of PR at Porsche Cars North America in Atlanta. Before that, he led communications for Porsche Cars Great Britain, and his return to the UK marks a relocation back to his home country. His career path, which began in journalism before shifting to public relations, mirrors that of his predecessor. Over the years, he has held communications roles with several prestigious automotive brands, including Mercedes-Benz, Jaguar and Volkswagen. His lifelong enthusiasm for cars aligns well with Bentley’s brand ethos, and during his Porsche tenure, he collaborated on notable projects such as ‘Edith’ – a Porsche 911 that set a world altitude record by climbing a volcano, an initiative conceived and led by Dr Walliser himself.

In his new capacity, Bruce will focus on enhancing visitor and customer experiences at the Crewe site, building upon the Heritage Collection he originally established. He will also continue to lead the Bentley Foundation. These appointments are scheduled to take effect from 16 March.

Dr Walliser said, “Wayne has been an exceptional steward of Bentley’s global communications, shaping our voice through a period of significant transformation for the brand. I want to thank him for his leadership, creativity and unwavering commitment to Bentley Motors. As we look to the future, I am delighted to welcome Angus Fitton as our new Chief Communications Officer. Angus brings deep industry experience, a modern strategic mindset and a passion for storytelling that aligns perfectly with our ambitions. Under his leadership, I am confident that Bentley’s communications will continue to evolve, inspire and reflect the pioneering spirit that defines our company.”     

Fitton said, “I am grateful to Frank and the board of Bentley Motors for this opportunity to join an incredible team at an exciting moment for the brand. Wayne and his communications team have delivered extraordinary work and I look forward to getting started and building on the fantastic example he has set.”

Comments (0)

ADD COMMENT

Link Copied!

BMW ALPINA has presented its identity as a brand under the custodianship of the BMW Group. The move follows a brand activation in January and establishes a framework for the production and design of future models.

The company said going forward BMW ALPINA vehicles will be manufactured within BMW Group plants that have been modified to meet the brand's specifications. This production integration allows for personalisation options, enabling customers to customise vehicle details.

Standard features for the marque will include leather interiors available in multiple colours. The brand will maintain signature design elements, including the 20-spoke alloy wheel design and a specific exterior colour palette.

Heritage and Emblem Design

The new emblem reinterprets the historical throttle body and crankshaft elements. The design utilises linework and a transparent execution to create a silhouette with reduced colouring. This badge, combined with the recently revealed wordmark, forms the brand's updated iconography.

The brand's engineering focus remains on combining high-speed performance with ride comfort, specifically for long-distance travel.

The modernisation aims to balance ALPINA's history of power and discretion with BMW Group's production capabilities. The company states that the manufacturing shift to BMW Group plants ensures the standards of the brand are maintained while increasing the scope for material selection and interior curation.

Comments (0)

ADD COMMENT

Link Copied!

German luxury automotive brand BMW Group India has introduced the petrol-powered X3 30 xDrive M Sport Pro at INR 7.45 million (ex-showroom), which is locally produced at the BMW Group Plant Chennai. This new variant expands the X3 portfolio, joining the existing xDrive 20 petrol and xDrive 20d diesel models.

The BMW X3 30 xDrive M Sport Pro is equipped with a 2-litre, four-cylinder petrol engine featuring TwinPower Turbo technology and 48V mild-hybrid systems. It delivers 258 hp and 400 Nm of torque, enabling acceleration from zero to 100 kmph in 6.3 seconds. Power is managed via an eight-speed Steptronic transmission and the xDrive all-wheel-drive system.

It gets adaptive suspension with electronically controlled dampers as standard, allowing drivers to toggle between Sport and comfort-oriented settings.

In terms of dimensions, the X3 30 xDrive M Sport Pro measures 4,755 mm in length and 1,920 mm in width. The exterior features a blacked-out kidney grille with ‘Iconic Glow’ illumination and adaptive LED headlights. The M Sport Pro package adds – 20-inch M alloy wheels, M Sport brakes with red calipers, M Aerodynamic package with air intakes and M Lights Shadowline with a tinted finish.

The cabin features the BMW Curved Display, consisting of a 12.3-inch information display and a 14.9-inch control display running on Operating System 9. The instrument panel is wrapped in Sensatec and the interior includes a BMW Interaction Bar and a panoramic glass sunroof.

For driver assistance, the vehicle includes ‘Driving Assistant Plus’ as standard, which features active cruise control with stop-and-go functionality and lane-keep assistant. The ‘Parking Assistant Plus’ system provides a surround-view camera and a drive recorder.

Hardeep Singh Brar, President and CEO, BMW Group India, said, “The BMW X3 has always been the definitive choice for those who seek a perfect blend of luxury and versatility. With introduction of the new BMW X3 30 xDrive M Sport Pro, we are taking that legacy to an enhanced level of performance and presence. Power attracts power, and the new X3 30 delivers exactly that pairing a more aggressive engine with refined luxury to create a truly spirited driving experience. With this new addition, we have further expanded the X3 offering in India to cater to our modern, performance-driven customers who demand more.”

Comments (0)

ADD COMMENT

Link Copied!

Hyundai Motor India, one of the leading passenger vehicle manufacturers, is gearing up to introduce its premium luxury brand Genesis in India and has marked a senior appointment by onboarding Madhurendra Malu as the Vertical Head for Genesis in the country.

With over two decades of experience, Malu joins Genesis from JSW MG Motor India, where he is said to be instrumental in setting up the MG SELECT luxury retail channel. Previously, he had also led the expansion for Skoda Auto India’s dealer network. With experience across sales, strategy and network development he had also held long tenure at Maruti Suzuki India.

A graduate of the Management Development Institute (MDI), Gurgaon, he will be responsible for establishing and leading Hyundai India’s premium play in the luxury car market.

At present, Genesis sells a range of luxury cars across sedans, SUVs and electric vehicles.

Comments (0)

ADD COMMENT

Link Copied!