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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JSW MG Motor India, one of the leading passenger vehicle manufacturers, completed the delivery of 50 units of the Hector Tomahawk EV in Surat in a single day, following the market launch of its electrified SUV model line.

The Hector Tomahawk lineup includes both battery-electric vehicle (EV) and plug-in hybrid electric vehicle (PHEV) powertrains. The Hector Tomahawk EV incorporates a 69.2 kWh battery pack paired with an electric motor producing 150 kW and 310 Nm of torque, yielding a certified range of 517 km on a single charge and supporting DC fast charging up to 90 kW.

The Hector Tomahawk PHEV combines a 1.5-litre petrol engine, a dedicated hybrid transmission and a 20.5 kWh battery pack, delivering an electric range of 115 km and a combined driving range exceeding 1,100 km.

The SUV measure 4,745 mm in length, 1,850 mm in width and 1,770 mm in height, with a 2,810 mm wheelbase and 230 mm of ground clearance at the battery casing. On the inside it features a 15.6-inch central display screen, the i-SMART 3.0 connected software platform with artificial intelligence voice command integration, Vehicle-to-Home (V2H) power output capabilities and Level 2 Advanced Driver Assistance Systems (ADAS).

The Hector Tomahawk EV is offered under a Battery-as-a-Service (BaaS) introductory pricing scheme starting at INR 1.39 million with a battery rental fee of INR 4.90 per kilometre, or at an outright ex-showroom price starting at INR 1.94 million for the Excite 7-seater variant, rising to INR 2.34 million for the Essence 7-seater model.

The Hector Tomahawk PHEV, available exclusively as a 7-seater, starts at a BaaS price of INR 2.17 million with a battery rental fee of INR 3.20 per kilometre, or an outright ex-showroom price of INR 2.56 million for the Exclusive trim and INR 2.77 million for the Essence trim. A lifetime battery warranty is provided to original owners for both EV and PHEV variants.

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French automotive major Renault India has launched the new Triber 100PS, with a turbocharged engine option and updated chassis architecture, marking the Indian debut of the Renault Group Entry Platform (RGEP). The sub-four-metre seven-seater lineup is available for prices ranging between INR 784,900 and INR 899,000 ex-showroom.

It is the first vehicle in India constructed on the RGEP platform, designed to support multiple powertrain solutions and vehicle configurations.

The Triber 100PS incorporates a 1.0-litre TCe 100 turbocharged petrol engine producing 100 PS of power and 180 Nm of torque, managed by the new Renault Engine Management System (R-EMS). Engineering modifications include a Brushless Direct Current (BLDC) cooling fan within the thermal management system, revised suspension geometry with front and rear anti-roll bars, MTV damper technology, updated braking system calibration and structural reinforcements for crash performance. The company claims a certified fuel efficiency of 21 km per litre.

Francisco Hidalgo, Vice-President – Sales & Marketing, Renault India, said, “The Triber 100PS is an important step in Renault India’s product roadmap and a strong expression of what our brand stands for: innovation that is practical, accessible and relevant to Indian customers. Following the recent introductions of the Kwid and Duster Adventure, it marks another milestone in our programme of 12 product interventions over 18 months, demonstrating the pace and intent behind Renault’s renewed momentum in India. With 100 PS of power, 180 Nm of torque, flexible seven-seat modularity, certified fuel efficiency of 21 kmpl and prices starting at INR 784,000, the Triber 100PS brings together the qualities Indian families value in one car: performance that gives confidence, practicality, efficiency and value. We believe it will strengthen the Triber’s position and broaden the appeal of the Renault brand.”

Dr. Vikraman Vellandi, Head - Renault Engineering, Renault Group India, said, “Developing the Triber 100PS required much more than integrating a new powertrain. Delivering 100 PS and 180 Nm of torque while retaining the Triber’s modularity, comfort and efficiency required the engine, thermal-management, structural, suspension, braking and vehicle-dynamics systems to work together as one package. The result is a responsive, stable and refined driving experience that preserves the practicality and accessibility customers value in the Triber.”

The Triber maintains its modular interior configuration, offering five, six, or seven-seat arrangements with removable third-row seats, sliding and reclining second-row seats and 625 litres of luggage capacity in five-seat mode.

Ground clearance stands at 182 mm, while roof rails support a load capacity of up to 50kg. Available features across variants include six standard airbags, 21 safety systems, an eight-inch touchscreen infotainment system with wireless Apple CarPlay and Android Auto, automatic climate control with second and third-row air-conditioning vents, rain-sensing wipers, automatic headlamps and a tyre pressure monitoring system.

The Triber 100PS turbo manual range opens with the Evolution variant at INR 784,900, progressing to INR 853,900 for the Techno trim and topping out at INR 899,900 for the Emotion variant. The naturally aspirated Energy engine line-up continues alongside, priced from INR 580,875 for the Authentic trim to INR 852,950 for the Emotion AMT model. Till date, the company has sold over 250,000 units of the Triber in India since its initial release.

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Honda Cars India has partnered with CSB Bank to provide vehicle financing schemes for customers across India. The agreement enables buyers to access car loans with interest rate options on purchases of the Honda City, Honda Amaze, Honda Elevate and Honda ZR-V through participating Honda dealerships and CSB Bank branches.

The partnership encompasses financial products including loans for new vehicles, pre-owned car financing, refinancing options and future electric vehicle financing support, subject to lending criteria and customer eligibility. The initiative targets buyers in semi-urban and rural markets ahead of the festive season.

As per the agreement, CSB Bank has been empanelled as a preferred financing partner for Honda Cars India. The two organisations will execute joint promotional campaigns across dealership locations, bank branches, and digital platforms, overseen by a joint coordination team.

Kunal Behl, Vice President, Marketing & Sales, Honda Cars India, said, “With this partnership, we aim to make vehicle ownership more accessible and affordable for our customers right from day one. By combining Honda’s strong dealership network with CSB Bank’s convenient financing solutions, we can offer a simple, quick and hassle-free car-buying experience. This collaboration is an extension of our efforts to provide easy and accessible finance options while enhancing the overall purchase and ownership experience for our customers. We look forward to enabling more customers to bring home their dream Honda this festive season, while expanding access to finance across semi-urban and rural markets.”

Narendra Dixit, Head - Retail Banking, CSB Bank, said, “Finance plays a critical role in enabling customers to turn their aspiration of owning a vehicle into reality. As an important component of the automotive ecosystem, financing needs to be convenient, accessible and tailored to the diverse needs of customers. At CSB Bank, we see significant potential in building strong partnerships across the automotive value chain and leveraging our financing capabilities to make vehicle ownership more accessible. Our partnership with Honda Cars India is an important step in that direction, enabling us to bring our customer-centric financing solutions closer to customers across markets, including semi-urban and rural India.”

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Tata Motors, one of the leading passenger vehicle manufacturers, has launched the Aeris, a replacement for its Tigor sub-four-metre compact sedan, with introductory prices starting from INR 529,000 for petrol variants and INR 629,000 for CNG variants. The Aeris will be available in five trim levels comprising Smart, Pure, Pure+, Creative and Accomplished.

Tata Motors stated that the Aeris will be sold to retail consumers, while fleet operators will continue to receive the older Tigor model under the Xpres brand name.

The exterior of the Aeris maintains a notchback roofline, accompanied by a lower grille, LED headlamps with integrated daytime running lights, LED tail-lamps, wheel arch cladding, chrome door handles, a dual-tone roof and a shark fin antenna. The car is available in six paint options: Nitro Crimson, Dandeli Drizzle, Pure Grey, Daytona Grey, Dune Glow, and Pristine White.

The sedan retains a 1.2-litre, three-cylinder Revotron engine in petrol and CNG formats. In petrol specification, the engine generates 86 PS of power and 113 Nm of torque, mated to a five-speed manual or a five-speed automated manual transmission (AMT). The CNG variant produces 75.5 PS and 96.5 Nm of torque, offered with the same transmission options. The CNG configuration employs a twin-cylinder tank design to preserve 419 litres of boot space. The petrol tank capacity measures 35 litres, while the CNG system features a 70-litre water-capacity tank.

Cabin equipment includes ventilated front leatherette seats, a digital video recorder dashcam, a blind-view monitor, a dual smartphone deck with wireless charging, and an AMT rotary gear selector with paddle shifters. Infotainment is delivered through a 26.03 cm touchscreen paired with a 12.7 cm digital instrument display, wireless Apple CarPlay and Android Auto compatibility, and a six-speaker audio setup. Additional interior features consist of automatic climate control, rear air-conditioning vents, and 65-watt USB Type-C charging ports.

The Aeris measures 3,995 mm in length, 1,684 mm in width, and 1,532 mm in height, with a 2,450 mm wheelbase. The chassis uses an independent MacPherson strut front suspension with coil springs and a semi-independent closed-profile twist beam with dual-path struts at the rear. Braking systems consist of front discs and rear drums, with wheel sizes ranging from 14-inch steel wheels on base models to 15-inch alloy wheels on higher trims.

Safety equipment fitted across all variants includes six airbags, an Electronic Stability Program suite, ABS, hill-hold assist, a 360-degree camera, a tyre pressure monitoring system and Isofix child-seat anchors. The CNG variants incorporate an electronic control unit, direct CNG ignition startup, leak detection sensors, and reinforced rear crash structures around the fuel cylinders.

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