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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Kia India, one of the leading passenger vehicle manufacturers, has announced that its new Seltos SUV has secured a five-star safety rating under the Bharat New Car Assessment Programme (BNCAP). The vehicle achieved a combined score of 76.70, the highest recorded for an internal combustion engine (ICE) vehicle tested by the agency to date.

The assessment resulted in a score of 31.70 points for Adult Occupant Protection (AOP) and 45.00 points for Child Occupant Protection (COP). These figures represent the highest AOP score for an ICE vehicle under the BNCAP protocol.

The SUV is built on the K3 platform, which utilises reinforced hot-stamped components and high-strength steel. This architecture is engineered for crash energy management by absorbing and distributing impact forces during a collision.

The Seltos incorporates a range of active and passive safety technologies. Its Standard Safety Pack includes six airbags, Electronic Stability Control (ESC) and Hill-start Assist Control (HAC) as standard across all variants.

It gets ADAS Level 2, which includes a suite of 21 autonomous features, including Forward Collision-Avoidance Assist and Smart Cruise Control with Stop & Go. The Seltos SUV also features a 360-degree surround camera, Blind View Monitor and side parking sensors to improve situational awareness.

The BNCAP certificate was presented to Kia India by Nitin Gadkari, Union Minister of Road Transport and Highways. The Seltos is the second Kia model to achieve this rating, following the Kia Syros.

Gwanggu Lee, MD and CEO, Kia India, said, “Safety is an integral part of Kia’s product philosophy as we continue our journey towards becoming one of the most trusted mobility brands in India. The All-New Kia Seltos achieving a 5-star rating, along with the highest-ever Adult Occupant Protection score across ICE vehicles under BNCAP, across ICE vehicles under BNCAP, with one of the strongest Child Occupant Protection scores recorded to date, has emerged as the highest-scoring ICE vehicle overall under BNCAP. This is a strong validation of our engineering capabilities and intent where every aspect of the vehicle, from its structure to its advanced safety technologies, has been developed with occupant protection at its core, making it a strong choice as a family SUV. This milestone sets a new benchmark for safety and reflects our commitment to bringing globally benchmarked safety standards to customers in India.”

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Hyundai Motor India (HMIL), one of the leading passenger vehicle manufacturers, has announced that its new Venue and Venue N Line SUVs have received a 5-star safety rating from the Bharat New Car Assessment Programme (BNCAP). The rating applies to both adult and child occupant protection, with the vehicles scoring 31.147 in Adult Occupant Protection (AOP).

The Venue is built on the Global K1 enhanced platform. Its body structure utilises 71 percent high-strength steel, including ultra-high-strength and hot-stamped steel, to improve crash protection.

As standard, it gets 33 safety features across all variants, including six airbags, three-point seatbelts for all seats and Electronic Stability Control (ESC). The SUV is equipped with four-disc brakes, Hill-start Assist Control (HAC) and an electric parking brake with auto hold. It also gets a Surround View Monitor (SVM), a Blind View Monitor (BVM) and a Highline Tyre Pressure Monitoring System (TPMS).

The models feature Hyundai SmartSense Level 2 ADAS, providing a suite of 21 intelligent features. This technology uses sensors and cameras to assist with collision avoidance, lane maintenance, and driver awareness.

The BNCAP certificate was presented by Nitin Gadkari, Union Minister of Road Transport and Highways, to Tarun Garg, Managing Director & CEO of Hyundai Motor India. Since its launch, the new Venue has recorded over 100,000 bookings in the Indian market.

Nitin Gadkari, said, “Congratulations to Hyundai Motor India Limited on achieving 5‑Star Bharat NCAP safety rating for both adult and child occupant for their recently launched Hyundai Venue and Venue N Line. This achievement reflects Hyundai’s strong commitment to enhancing vehicle safety in line with Indian road conditions and evolving customer expectations, while making advanced safety technologies more accessible to a broader segment of the market.”

Tarun Garg, stated, “We are extremely proud that the all-new Hyundai Venue and Venue N Line have secured 5‑Star safety rating under Bharat NCAP testing, reaffirming our unwavering commitment to offer world‑class products to our customers. This achievement further strengthens our commitment to making advanced safety technologies accessible to a wider set of customers in India.”

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Automotive major Stellantis has announced the formation of the Europe Supplier Advisory Council, a forum intended to increase collaboration between the carmaker and its supply chain. The council brings together senior Stellantis leadership and 26 supplier partners representing various automotive technologies and commodities.

The council will convene for three sessions during 2026, with each meeting lasting 1.5 days. The initiative includes participation from major European supplier associations, ANFIA and FIEV, to provide a collective voice for the regional supply base.

The Council's primary functions include:

• Operational Efficiency: Identifying bottlenecks and improvement opportunities across the value chain.
• Strategic Workstreams: Establishing joint Stellantis-supplier groups focused on production planning, cost competitiveness and operational excellence.
• Innovation Readiness: Accelerating the deployment of new technologies and ensuring launch readiness for future vehicle programmes.
• Regulatory Alignment: Addressing European Union regulatory requirements and geopolitical instability.

The council is designed to modernise supplier partnerships amid technological shifts and market volatility. By co-leading workstreams, Stellantis and its partners aim to align performance expectations and enhance the resilience of the European manufacturing and R&D platforms.

Emanuele Cappellano, COO, Stellantis Europe, said, “The launch of the Europe Supplier Advisory Council represents an important milestone in our journey to strengthen the region’s industrial performance. Today, more than ever, our success depends on deep collaboration with our supplier partners. By creating a shared forum where we openly discuss challenges and opportunities, we are building the foundation for faster execution, stronger competitiveness, and sustainable growth across Europe.”

Stephane Dubs, SVP of Purchasing and Supplier Quality for Stellantis Europe, added, “Our suppliers are essential contributors to Stellantis’ transformation. This new Council allows us to work side-by-side, with transparency and respect, to co-create solutions that benefit both sides. Together, we will address the critical issues shaping our industry—whether in quality, launch readiness, cost competitiveness, innovation, or supply chain resilience—and turn them into strategic advantages for our entire ecosystem.”

Jean-Louis Pech, President, FIEV, commented, “FIEV welcomes the opportunity to join Stellantis Supplier Advisory Council, which represents a valuable opportunity to strengthen our relationship and enrich the dialogue with suppliers. This participation will enable us to represent, with ANFIA, the collective voice of suppliers and actively contribute to the Council’s work.”

Marco Stella, President, ANFIA Components Group and Vice-President of ANFIA, stated, “Now more than ever, it is essential to invest in a fruitful partnership between Stellantis and the supply chain ecosystem, caught between European market weakness, geopolitical instability and fierceful competition, also to face united and together EU regulatory challenges and support EU manufacturing and R&D platforms.”

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Spinny, an Indian full-stack used car platform, has announced that it recorded a threefold increase in vehicle deliveries on Gudi Padwa compared to standard operating days. The surge indicates a trend of consumers aligning automotive purchases with festive milestones.

The festive period saw a 50 percent increase in footfall across Spinny Car Hubs in the days leading up to the holiday. Its data suggests that 86 percent of customers experienced a standard delivery process despite the heightened activity.

Regional demand was concentrated in western and southern India:

• Maharashtra: Pune and Mumbai recorded over six times their average daily delivery volumes, with each city serving more than 100 customers in a single day.
• Geographic Contribution: Maharashtra, Andhra Pradesh, Telangana and Karnataka collectively accounted for 70 percent of total deliveries on the day.

In terms of demand trends, Hyundai Motor India and Maruti Suzuki India were the most preferred auto brands, while Hyundai Grand i10 was the most purchased vehicle. White remained the most popular exterior colour across all markets. It saw 53 percent of buyers utilised credit solutions to fund their purchases, reflecting a shift towards structured ownership.

Hanish Yadav, Senior Vice-President, Spinny, said, “Gudi Padwa holds deep cultural significance as a time of renewal and new beginnings. We are witnessing more customers align their car-buying journeys with such meaningful occasions. The strong surge in deliveries and increased engagement across our hubs reflects both evolving consumer intent and the trust placed in Spinny. Our focus remains on ensuring a transparent, reliable, and high-quality experience - regardless of demand cycles.”

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