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, one of the leading passenger vehicle manufacturers, has introduced the Lounge Edition variant across its Creta, Alcazar and Creta Electric SUVs. The special edition trim updates interior cabin equipment, rear seat entertainment and exterior trim styling across the three vehicle lines.

The primary update across all Lounge Edition models is an integrated 29.46 cm rear seat entertainment system featuring streaming platform compatibility, interactive gaming, an app store and smartphone mirroring, operating alongside an eight-speaker Bose audio system.

On the inside, it features silver interior accents, white ambient lighting, revised seat patterns and branded headrest cushions. Exterior changes feature black trim on the skid plates, side sills, roof rails, rear spoiler and side mirrors, paired with black alloy wheels and a golden bronze paint option.

The Creta Lounge Edition, built on the King trim level, is available with a 1.5-litre petrol engine mated to an intelligent variable transmission or a 1.5-litre diesel engine with an automatic gearbox, with prices starting at INR 1.92 million ex-showroom.

The Alcazar Lounge Edition is offered in a five-seat layout based on the Signature variant, powered by a 1.5-litre diesel engine with an automatic transmission and equipped with a voice-activated panoramic sunroof, priced from INR 2.18 million. The Creta Electric Lounge Edition, based on the Long Range Excellence trim, adds a dashcam and rear wireless charging pad, with prices starting at INR 2.43 million.

Amit Dhaundiyal, Head of Product Strategy and Planning, Hyundai Motor India, said, "At Hyundai, we continuously strive to create products and experiences that resonate with the evolving aspirations of our customers. Customers today seek experiences that go beyond mobility, and the new Lounge Edition has been designed with this evolving aspiration in mind. From lounge-inspired interiors, engaging digital entertainment and on-the-go gaming experiences powered by rear seat entertainment, to distinctive styling enhancements, every element has been thoughtfully crafted to transform every journey into a more comfortable, connected and rewarding experience. The Lounge Edition reflects Hyundai's commitment to delivering meaningful innovations and greater value across our SUV portfolio, and we are confident it will appeal to customers seeking a unique blend of luxury, comfort, entertainment and exclusivity in their everyday journeys."

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German automotive luxury brand Audi has unveiled the A2 e-tron electric compact model, which marks its most compact green offering, with prices starting EUR 38,200 in Germany.

Developed in Germany and produced at the manufacturer’s Ingolstadt facility, the EV has an energy consumption rating of 12.8 kWh per 100 kilometres under the WLTP test cycle.

The company will open bookings on 10 September, with European deliveries scheduled to begin in December.

The A2 e-tron is offered in four power outputs ranging from 125 kW and 350 Nm of torque in the base specification to 240 kW and 545 Nm in the top variant, paired with rear-wheel drive and permanently excited synchronous motors. Depending on the output, battery capacities are available in 52 kWh, 61 kWh, or 84 kWh gross options, achieving a maximum driving range of up to 646 kilometres under WLTP conditions.

The chassis design incorporates a drag coefficient of 0.24, utilising active cooling air intakes, aero wheels and wheel-arch gap reducers. Bidirectional charging capabilities support Vehicle-to-Load (V2L) external device powering and Vehicle-to-Home (V2H) energy transfer via compatible wall boxes.

On the inside, it features a curved MMI panoramic display housing a 12.3-inch instrument cluster and a 12.8-inch infotainment touchscreen with artificial intelligence assistant integration. Storage incorporates the Fidlock magnetic attachment system as standard equipment, alongside an optional 1.6-square-metre panoramic glass roof.

Audi states that around 300 components across the vehicle are constructed using recycled materials, including post-consumer plastics, aluminium and steel.

The EV assembly utilises 250 existing industrial robots and 1,200 reallocated production components at the Ingolstadt plant, using fixed-sequence manufacturing methods. Standard driver assistance systems include adaptive cruise control, emergency brake assist, evasive assist, attention assist and parking sensors with a rear-view camera.

Gernot Dollner, Chief Executive Officer, Audi, said, “The A2 e-tron is more than a new model: It represents Audi’s renewal. It shows how we are rethinking premium for Europe: using resources more intelligently without compromising on quality, technology, or customer experience. Developed for the needs of our European customers and built in Ingolstadt, it demonstrates our ambition to shape the future of premium mobility.”

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Stellantis-owned Citroen India has introduced additions to its vehicle lineup in India, launching variants of the AircrossX and BasaltX alongside an extended-range version of the e-C3X electric vehicle.

The releases expand engine options to include naturally aspirated petrol, turbocharged petrol and compressed natural gas (CNG) options, available nationwide across the manufacturer's retail network.

The AircrossX and BasaltX line-ups now feature the YOU Turbo variant to provide turbocharged engine options at lower price points, as well as the MAX Naturally Aspirated (NA) variant for buyers seeking features paired with a standard powertrain.

The company has announced an introductory price of INR 999,000 for the BasaltX YOU Turbo, INR 1.06 million for the AircrossX YOU Turbo Comfort Edition, INR 1.13 million for the BasaltX MAX NA and INR 1.16 million for the AircrossX MAX NA.

The models also get financing options including a 7-year step-up scheme with initial monthly instalments starting from INR 9,999 for the BasaltX and INR 10,555 for the AircrossX.

On the other hand, the updated e-C3X EXTENDED comes with a MIDC-certified range of 330 kilometres through efficiency adjustments. The EV is offered under a Battery-as-a-Service (BaaS) ownership structure, with entry prices starting from INR 699,000 plus a battery usage charge of INR 2.26 per kilometre.

Kumar Priyesh, Business Head & Director, Automotive Brands, Stellantis India, said, "At Citroen, we continuously listen to our customers and evolve our products to better match their lifestyles and mobility needs. With the introduction of the new AircrossX and BasaltX editions, along with e-C3X ENHANCED, we are expanding customer choice across performance, comfort, and electric mobility. As we enter the festive season, customers across India look forward to celebrating new beginnings with their families. Our expanded portfolio gives customers more choice than ever before, whether they are looking for a spacious family SUV, a premium comfort-oriented vehicle, engaging turbo performance, or greater confidence in an electric vehicle. These updates reinforce our commitment to delivering accessible, practical, and customer-centric mobility solutions for Indian consumers with retail financing schemes."

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Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has introduced the updated Baleno hatchback in India with pricing starting at INR 609,900 (ex-showroom). The company has opened bookings for an initial amount of INR 11,000.

The new Baleno features exterior design changes, including a revised front grille with horizontal chrome slats, modified lower bumper styling, chrome fender accents and a shark fin antenna. It is offered in seven paint options, including a new Enigmatic Teal shade.

The hatchback is powered by a 1,197cc Z12E 3-cylinder engine equipped with idle start-stop technology and dual variable valve timing. The engine produces 61 kW at 5,700 rpm and 112.4 Nm of torque at 4,500 rpm, paired with either a five-speed manual transmission or an Auto Gear Shift automatic transmission.

The Baleno comes with a claimed fuel efficiency of 23.80 kmpl for the manual variant and 24.77 kmpl for the automatic model. A CNG variant, the Baleno S-CNG, produces 51.3 kW of power in CNG mode and achieves a fuel efficiency rating of 33.61 km per kg with the five-speed manual gearbox.

In terms of safety, it features a Level 2 advanced driver assistance suite that utilises radar and camera sensors to operate functions such as emergency braking, lane keep assist, lane departure warning, lane departure prevention, adaptive cruise control, high beam assist, vehicle sway warning and forward collision warning.

The Baleno gets six airbags, electronic stability program, anti-lock braking, electronic brakeforce distribution, hill hold control, reverse parking sensors, three-point seat belts, emergency stop signalling and a tyre pressure monitoring system (TPMS) as standard.

On the inside, it incorporates ventilated front seats, leatherette upholstery, dual-tone trim, a 22.86 cm infotainment system supporting wireless Apple CarPlay and Android Auto, a Clarion sound system, a wireless smartphone charger with active cooling, a head-up display, a 360-degree camera system and Suzuki Connect telematics. The vehicle measures 3,990 mm in length, 1,745 mm in width and 1,530 mm in height, with a 2,520 mm wheelbase.

Partho Banerjee, Senior Executive Officer of Marketing and Sales, Maruti Suzuki India, said, “The Baleno has been a definitive pillar for NEXA and the premium hatchback segment over the course of a decade. The Stunning new Baleno is now here to redefine customer expectations with the introduction of segment-first features including Level 2 ADAS, and an unmistakable new identity established with a modern rendition of the signature NEXWave grille. The stunning new Baleno’s ‘Dare to go Glam’ philosophy is formed around the ambitious, young customers of today who dare to challenge the norm and express their individuality in an unapologetically original manner.”

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