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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Toyota Kirloskar Motor has launched the updated Toyota Glanza hatchback in India, priced from INR 699,000 ex-showroom. The updated hatchback introduces revised exterior styling, including an updated front bumper, side skirts, a wide chrome grille bar and LED headlamp assemblies.

Under the bonnet, it transitions to a 1.2-litre three-cylinder Z12E petrol engine producing 61 kW of power and 112.4 Nm of torque, with claimed fuel efficiency figures of 23.80 kmpl for the manual transmission and 24.77 kmpl for the automated manual transmission (AMT) variant. The alternative CNG powertrain delivers 51.3 kW of power and 101.8 Nm of torque, and now incorporates an AMT option.

Tadashi Asazuma, Deputy Managing Director, Toyota Kirloskar Motor, said, "Ever since its launch in 2019, the Toyota Glanza has been a popular choice among customers seeking a stylish, feature-rich and dependable hatchback. The 2026 New Toyota Glanza builds on this strong legacy with a sharper and sportier design, a more premium cabin experience and advanced safety technologies making it an even more compelling choice for today's customers. The hatchback segment continues to be an important entry point for customers beginning their mobility journey, and the Glanza is thoughtfully designed to meet these aspirations with style, quality and peace of mind. As customer needs evolve, we remain committed to delivering ever-better cars and creating happiness for our customers."

Sabari Manohar, Executive Vice-President of Sales-Services-Used Car Business, Toyota Kirloskar Motor, said, "As customer expectations continue to evolve, the New Toyota Glanza introduces several meaningful enhancements across safety, convenience and connectivity. With the introduction of Level 2 Advanced Driver Assistance Systems (ADAS), featuring Adaptive Cruise Control, Lane Keeping Assist, Lane Departure Warning, Lane Departure Prevention, Autonomous Emergency Braking and High Beam Assist, the New Glanza offers a premium mobility experience. The addition of AMT in the CNG variants further enhances driving convenience, while ventilated front seats, wireless charging and refreshed styling add to its overall appeal."

The Glanza features level 2 Advanced Driver Assistance Systems, a 360-degree camera system, six airbags, ventilated front seating, wireless device charging, a head-up display and a 22.86 cm touchscreen display with connected car telemetry.

Bookings have opened for an initial amount of INR 11,000, with customer deliveries scheduled to begin in the first week of November. The Glanza can be had in seven paint options and comes with a standard 3-year or 100,000-kilometre warranty.

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Hyundai Motor India, one of the leading passenger vehicle manufacturers, has revealed the India-spec Hyundai Bayon, with bookings opening across company dealerships and online sales channels ahead of its scheduled launch on 26 October 2026.

The SUV introduces software and connectivity features, including Hyundai Motor India's first generative artificial intelligence (AI) voice assistant incorporating technology from Perplexity and SoundHound AI.

The Bayon is powered by a four-cylinder 1.5-litre MPi petrol engine generating 115 PS of power and 144 Nm of torque. Transmission options include a six-speed manual transmission and an Intelligent Variable Transmission. It also integrates over 70 connected features via the Hyundai Bluelink platform, including remote vehicle controls, smartwatch integration, and location services.

Built on an NVIDIA-accelerated Connected Car Navigation Cockpit, it supports up to 19 over-the-air vehicle controller updates for remote software maintenance and features dual 12.3-inch curved panoramic displays. The infotainment architecture supports a multi-language user interface across 10 regional and two international languages, alongside over 500 offline embedded voice commands across six languages.

Tarun Garg, MD & CEO, Hyundai Motor India, said, "With Hyundai Bayon, we are introducing an Intelligent Utility Vehicle that places technology and convenience at the heart of the customer experience. Guided by the philosophy of ‘Intelligence That Moves,’ Bayon seamlessly integrates Artificial Intelligence, advanced connectivity and software-driven innovation to create a mobility experience that is intuitive, evolving and deeply personalised. Through segment-defining technologies & features such as HMIL's first-ever Generative AI Voice Assistant, NVIDIA-accelerated Connected Car Navigation Cockpit (ccNC), Vehicle Controller Over-the-Air (C-OTA) updates and Hyundai Bluelink connected features, Bayon represents the next generation of intelligent mobility for Indian customers."

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European auto major Stellantis hosted an executive preview event in Paris, introducing six concept vehicles across its brand portfolio ahead of the Paris Motor Show. The reveals span models from Alfa Romeo, Citroën, DS Automobiles, FIAT, Opel and Peugeot, forming part of a broader exhibition featuring over 60 vehicles and nine concept cars across eight corporate brands.

The introduced concepts reflect distinct engineering and design directions for each brand. The Alfa Romeo Cuorerosso concept presents a multi-energy architecture capable of accommodating models up to 4.7 metres in length, including a 2.9-litre V6 full-hybrid powertrain with all-wheel drive.

Citroën unveiled the 2 CV Concept, an electric vehicle targeted for European production at a EUR 15,000 price point. FIAT showcased the Multiplay, a configurable vehicle architecture combining pickup and utility vehicle traits inspired by the original Multipla design.

Opel presented the STX Concept, outlining design elements and lighting signatures for future estate models, while Peugeot revealed the RCZ Vision built on the STLA One platform and featuring steer-by-wire technology alongside updated cabin controls.

DS Automobiles displayed the DS F3VER concept, focusing on vehicle customisation and design parameters for future production models.

Gilles Vidal, Head of Design, Enlarged Europe at Stellantis, said, "With these six concept cars, we are expressing a shared conviction: the future of automotive design must be both bold and meaningful. Each concept explores new ways to enhance everyday experiences while reinforcing the unique identity of its brand. Together, they demonstrate how creativity, innovation and emotion can come together to make people fall in love with cars again."

Antonio Filosa, CEO, Stellantis, said, "This event brings our FaSTLAne 2030 strategy to life. It reflects the extraordinary effort of our teams and our commitment to shaping the future of mobility through iconic brands, compelling design and innovative technology, giving customers more choice and more reasons to be excited about what’s ahead."

Emanuele Cappellano, COO for Enlarged Europe, Stellantis, said, "Stellantis is deeply rooted in Europe and holds a leading position that will be strengthened by the success of all our brands. Stellantis wants to fully leverage the competitive advantage set by its iconic brands’ uniqueness, offering cars that are at once rooted in heritage and future-driven, based on robust know-how and distinguished by their unmatched design beauty, to shape the future of mobility with more than 50 products to be launched by 2030. These achievements, based on the execution of our strategic plan, will enable Stellantis to expand its market coverage in Enlarged Europe by 25 percent."

The concept unveils support Stellantis's broader product development roadmap, which targets the introduction of over 50 vehicle models by 2030 and a 25 percent expansion in European market coverage.

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Chinese premium electric vehicle brand AVATR announced its entry into the European market at an event in Paris, marking the next phase of its global growth plan. The manufacturer will initiate European retail operations in 2027, launching first in Norway and Spain with the AVATR 06T and 07L models.

AVATR operates as a joint initiative combining vehicle manufacturing from Changan Automobile, battery technology from CATL and software engineering capabilities from a technology enterprise, with design operations split between hubs in Shanghai and Munich.

Over the next three years, AVATR plans to introduce six models in Europe across mid-size SUV, large SUV and shooting-brake body styles. The company currently operates in 70 countries and regions, with global sales exceeding 280,000 units. AVATR targets expansion into 110 countries and regions by 2030, projecting overseas sales to represent more than 50 per cent of its total volume.

Justin Li, Head of AVATR Overseas Business, said, "AVATR has been a global brand from the very beginning. Over the next three years, six models will be launched in Europe spanning mid‑size SUVs, large SUVs and shooting‑brake body styles. In 2027, Norway and Spain will serve as AVATR’s European launch markets, where the AVATR 06T and 07L will make their European debut, officially embarking on a new journey for AVATR in Europe."

To establish its European retail and service infrastructure, AVATR has partnered with Nordic automotive importer RSA in Norway. The collaboration will establish two flagship locations in Oslo alongside additional experience centres and regional distribution points across major Norwegian cities. The company is setting up a localised service network, factory training programs and a European spare-parts logistics framework to support maintenance, roadside assistance and battery recycling operations.

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