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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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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American electric vehicle and software company Lucid Group has announced French market pricing for its Gravity SUV and Air sedan models prior to their debut at the Paris Motor Show, scheduled for 12–18 October in Hall 7.1.

The company outlines four trim configurations for the Lucid Gravity SUV in France. The entry-level Gravity Touring features a 568 PS powertrain, an 89 kWh battery pack providing a WLTP range of up to 545 kilometres, and a starting price of EUR 95,900 including VAT.

The Gravity Touring Plus incorporates seven-seat capacity along with soft-close doors and acoustic glazing, priced from EUR 99,900 including VAT. The Gravity Grand Touring, priced from EUR 120,900 including VAT, utilises a 123 kWh battery pack and an 839 PS output, reaching 100 kmph in 3.6 seconds with a WLTP range of up to 739 kilometres.

The flagship Gravity Grand Touring Ultimate trim includes three-chamber air suspension, rear-wheel steering, a 22-speaker audio system, and driver assistance features, priced from EUR 148,900 including VAT.

The Lucid Air sedan range in France comprises four variants. The Air Pure model, priced from EUR 86,900 including VAT, uses an 88 kWh battery pack delivering up to 831 kilometres of WLTP range with energy consumption rated at 11.8 kWh per 100 km. The dual-motor all-wheel drive Air Touring offers up to 780 kilometres of range and starts at EUR 100,900 including VAT. The Air Grand Touring model provides a range of up to 960 kilometres, with pricing starting at EUR 131,900 including VAT. The range-topping Air Sapphire features a three-motor powertrain producing 1,251 PS, reaching 100 km/h in 2.0 seconds with a top speed of 330 kmph and a range of up to 694 kilometres, priced from EUR 252,900 including VAT.

Lawrence Hamilton, President of Europe, Lucid, said, "Lucid prioritises the customer journey as it enters the French market at the Paris Motor Show. French customers will be able to experience Lucid Gravity and Lucid Air firsthand and see how our technology delivers exceptional range, efficiency, performance and space."

Lucid plans to display the Gravity Grand Touring and Air Grand Touring models at the trade show, with ordering and availability details to be released separately. The company will conduct a press conference on 12 October with Lawrence Hamilton and Pierre Guignot, General Manager of the Emil Frey France Import Division, following a partnership agreement with Emil Frey France to manage import and operational activities across the country.

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Chinese automotive major Geely Auto has announced that its Monjaro EM-i plug-in hybrid SUV achieved a Guinness World Record for the fastest crossing of the Black and White Desert in the Sahara by a plug-in hybrid production SUV.

The announcement took place during the Monjaro EM-i Product Capability & Core Tech Deep Dive event following a continuous 188.6-kilometre drive from the volcanic terrain of the Black Desert to the chalk-white landscape of the White Desert in Egypt.

The crossing served as a testing platform across five evaluation areas – handling and stability, steep-slope ascents, cross-axle recovery, ride comfort over rough surfaces and acceleration at a low state of battery charge. The vehicle is constructed on Geely’s GEA Evo new-energy architecture and utilises the GEEA 3.0 electronic structure to coordinate power delivery across its drive systems.

The Monjaro EM-i features Geely’s e-AWD Intelligent Electric AWD System, which alters front-to-rear torque distribution between 100:0 and 50:50 ratios. The system functions alongside traction control algorithms to reduce wheel slip by up to 50 per cent on low-friction surfaces.

Suspended by a Continuous Damping Control system that adjusts up to 50 times per second with a 20-millisecond response time, the EM-i Super Hybrid powertrain combines a 1.5-litre turbocharged engine with electric drive units to output 250 kW of power and 667 Nm of torque, achieving a claimed zero to 100 kmph acceleration time of 5.83 seconds. Thermal management systems regulated component temperatures across the engine, battery and power electronics during the desert run.

The Sahara driving programme was attended by media representatives and automotive commentators from Egypt, the United Arab Emirates, Kazakhstan, Mexico and Peru. Geely Auto reported export sales of 110,094 vehicles in August, marking a 205 percent increase compared to the same month in the prior year. The company plans to present the Monjaro EM-i at the Paris Motor Show in October as part of its ongoing international product rollout.

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Hyundai Motor India has opened bookings for its upcoming Bayon crossover SUV ahead of its scheduled release during the upcoming festive season. Customers can reserve the vehicle online via the official company portal or at authorised dealerships for a booking amount of INR 11,000.

The 4.2-metre vehicle is constructed on the company's Global K Enhanced Platform, engineered to meet five-star Indian crash safety parameters. Positioned as an intelligent utility vehicle, the Bayon claims to introduce an integrated generative artificial intelligence voice assistant designed to process driver interactions and vehicle controls.

Powering the vehicle is a petrol engine offered with a choice of a manual transmission or an Intelligent Variable Transmission (IVT). Exterior design elements encompass a sculpted bonnet, front daytime running lights, geometric wheel arches, door cladding and bridge-type roof rails, while the interior layout optimises legroom, headroom and shoulder room across both rows.

Tarun Garg, Managing Director and Chief Executive Officer, Hyundai Motor India, said, “At Hyundai Motor India, we continuously strive to redefine mobility experiences through meaningful innovation. The Hyundai BAYON embodies our vision of intelligent mobility by seamlessly integrating advanced technology, futuristic design and comprehensive safety into a compelling SUV package. Hyundai BAYON has been developed for new-age Indian customers who seek more from their vehicles: more intelligence, more comfort, more confidence and more style. Hyundai BAYON introduces a new dimension of human-centric technology and unlocks a truly intuitive mobility experience. We are confident that Hyundai BAYON will set new benchmarks and resonate strongly with modern Indian consumers.”

Delivery timelines for the vehicle will be confirmed at the time of its official commercial launch.

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