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, a partner of FIFA since 2007, has announced two programmes for the FIFA World Cup 2026 – ‘Kia Walk with Champions’ and ‘Kia Drive to FIFA World Cup 2026’. These initiatives offer customers opportunities to attend the tournament in the USA.

Kia Walk With Champions will allow two children, aged 10–14 years, to serve as Official Match Ball Carriers (OMBC) during a group stage match. One winner will be selected from customers who book and purchase a Carens Clavis ICE, and another from those who purchase the Carens Clavis EV between 12 February and 10 March 2026.

The selected children will walk onto the pitch with a parent or guardian. Kia will provide travel, visa and hospitality arrangements for the winners.

On the other hand, the Kia Drive to FIFA World Cup 2026 will award four customers an expenses-paid trip to watch a match live in the USA. The opportunity is open to customers who book and purchase the following models during the campaign period – Seltos, Sonet, Syros and Carens Clavis.

Each winner can travel with one companion. The selection process for both initiatives will be conducted through an audited lucky draw.

Atul Sood, Senior Vice President – Sales & Marketing, Kia India, said, “Kia’s association with FIFA spans nearly two decades globally, and we are proud to extend this legacy to our customers in India. The FIFA World Cup 2026 represents the pinnacle of global sporting passion, and through these initiatives, we are giving our customers an opportunity to be part of that extraordinary stage. Whether it is witnessing a live World Cup match or seeing their child walk onto the pitch as an Official Match Ball Carrier, these are truly once-in-a-lifetime experiences. At Kia, we aim to go beyond mobility and create meaningful moments that our customers and their families will cherish forever.”

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JSW MG Motor India has unveiled the MG MAJESTOR, positioning it as the country’s first D+ segment SUV. Designed for discerning customers who prioritise commanding aesthetics, dependable engineering and sophisticated comfort, the vehicle made its debut at the Bharat Mobility Global Expo 2025 and now stands as the brand’s most rugged and premium offering tailored for diverse Indian driving conditions. With a focus on all-terrain capability, road presence, luxury and safety, the MAJESTOR introduces advanced 4x4 technologies and segment-first features. Pre-bookings commence today, while full pricing and availability will be confirmed nearer to the official launch.

The exterior of the MAJESTOR conveys strength and stature through its imposing proportions. With an overall length of 5,046 millimetres, width of 2,016 millimetres, height of 1,870 millimetres and a wheelbase measuring 2,950 millimetres, it surpasses competitors in every dimension. Design elements such as the Mosaic Matrix Combination Grille, Dragon Eyes Daytime Running Lamps, split headlamps, sequential turn indicators integrated into connected LED tail lamps, a raised hood and 19-inch alloy wheels collectively reinforce its bold yet polished character. The vehicle presents a commanding silhouette suited equally to metropolitan roads and long-distance travel.

Inside, the cabin offers a spacious and refined environment finished in black with premium leather upholstery and a streamlined centre console. Ventilated front seats come equipped with massage functionality, memory settings and multi-way power adjustment, with 12-way adjustability for the driver and 8-way for the passenger. A panoramic sunroof enhances the sense of openness, while sixty-four colour ambient lighting allows customisation of the interior mood. Three-zone automatic climate control ensures individual comfort across rows. Offered in six-seat and seven-seat configurations, the MAJESTOR adapts to both family use and adventure travel. Technological features include dual 12.3-inch displays for the instrument cluster and infotainment system, wireless smartphone integration, a 12-speaker JBL audio system, dual wireless charging pads, a 220-volt power outlet and over 70 iSMART connected features.

At the core of the vehicle lies a 2.0-litre twin-turbo diesel engine generating 215.5 PS and 478.5 Nm of torque, figures that lead its segment. It is paired with an 8-speed automatic transmission available in both two-wheel drive and advanced four-wheel drive configurations. The four-wheel drive system offers ten off-road modes and operates intelligently, remaining in two-wheel drive under normal conditions and shifting to four-wheel drive automatically when traction is compromised. This ensures optimal fuel efficiency during daily commutes while delivering enhanced grip on wet, slippery or uneven terrain. The MAJESTOR is also the first in its class to incorporate front, rear and centre differential locks, enabling the vehicle to extract itself from challenging conditions even when multiple wheels lose contact with the ground. Complementing this capability are Crawl Control, 219 millimetres of ground clearance and a water wading depth of 810 millimetres.

Safety engineering remains integral to the MAJESTOR’s design. The vehicle is equipped with Level 2 Advanced Driver Assistance Systems, offering features such as assisted braking, steering and acceleration to support driver confidence across varied scenarios. Additional protective technologies include a 360-degree high-definition camera and Electronic Stability Programme, which integrates Anti-lock Braking, Electronic Brakeforce Distribution, Traction Control and Roll Movement Intervention.

The model will be available in Sharp and Savvy variants, with both two-wheel and four-wheel drive options. Colour choices include Pearl White, Concrete Grey, Metal Black and Metal Ash. JSW MG Motor India’s Complete Peace of Mind Program applies to the MAJESTOR, offering a five-year unlimited kilometre warranty, five-year roadside assistance and five labour-free services. Through a collaboration with ICICI Bank, customers also receive an invitation for the ICICI Emeralde Credit Card with no joining fee. Early reservation holders will receive priority in the delivery sequence, along with invitations to exclusive previews in March 2026 and specially arranged driving experiences.

Pre-reservations open on 12 February 2026 via the official website at a token amount of INR 41,000. Price announcement, public display and test drives are scheduled to begin in April 2026, with deliveries expected to commence the following month.

Anurag Mehrotra, Managing Director, JSW MG Motor India, said, “India’s premium SUV customer is evolving rapidly, looking not just for space but for a vehicle that projects stature, inspires confidence and integrates seamlessly into a more ambitious lifestyle. With MG MAJESTOR, we have created an SUV that is rugged in its capability, refined in its comfort and dependable in its engineering. MAJESTOR for us represents our vision of what a true, full-size SUV should stand for, which is a commanding presence, sophisticated premium craftsmanship, intelligent in technology and uncompromising in performance.”

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Mumbai-headquartered automotive major Mahindra & Mahindra (M&M) has announced its financial results for Q3 FY2026, reporting a consolidated Profit After Tax (PAT) of INR 46.75 billion, representing a 54 percent YoY growth.

The automotive division recorded quarterly volumes of 302,000 units, up 23 percent YoY. SUV revenue market share rose by 90 bps to 24.1 percent. The automotive business reported consolidated revenue of INR 303 billion, up 30 percent YoY, while PAT stood at INR 19.93 billion, up 42 percent YoY.

In the farm sector, tractor volumes reached 150,000 units, up 23 percent YoY, which translates to a market share of 44 percent for Q3. The revenue came at INR 115 billion, up 21 percent YoY, while PAT came at INR 10 billion, up 7 percent YoY.

Dr. Anish Shah, Group CEO & Managing Director, said, “We are delighted to report solid operating performance across the group in Q3’F26, reflecting our strong focus on growth coupled with disciplined execution. Auto & Farm has maintained its leadership position on the back of steady customer demand, strong product acceptance and unwavering focus on operational excellence. TechM continues to make meaningful progress. Mahindra Finance delivered another solid quarter with meaningful PAT growth while maintaining strong asset quality. We are especially pleased to see breakout performance from two of our growth gems, Mahindra Logistics and Mahindra Lifespaces.”

Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), said, “Auto and Farm businesses delivered strong performance in Q3’FY26. We have achieved a 90 bps YoY increase in SUV revenue share and 10 bps YoY increase in LCV (< 3.5T) market share in Q3. Our tractor business gained 20 bps YoY to reach an impressive 44.1 percent share for YTD FY26. Our new launches XEV 9S, and the XUV 7XO have received very positive response in the market.”

Amarjyoti Barua, Group Chief Financial Officer, added. “Our Q3 consolidated results reflects the strength and depth of our diversified portfolio. Our services businesses continue to increase their contribution to the overall results. Our results are also translating into a very strong Balance Sheet.”

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CEER, Saudi Arabia’s first electric vehicle (EV) brand and Original Equipment Manufacturer (OEM), has signed 16 commercial agreements valued at over SAR 3.7 billion (USD 996.90 million). The deals were announced at the 4th PIF Private Sector Forum, following SAR 5.5 billion (USD 1.4 billion) in agreements secured at the previous year's event.

The partnerships are part of a localisation strategy that aims to source 45 percent of vehicle materials and components from Saudi companies by 2034. The supply chain will support CEER’s production plan of seven models over the next five years.

The agreements cover a range of essential automotive components and services:

• Fluids and Plastics: Abdul Latif Jameel (ALJ) will supply windshield washer fluid and EV coolants. Zamil Trade & Services and Zamil Plastics will provide brake fluids and aerodynamic covers.
• Materials and Polymers: NSSPC is contracted for PP resin and polymer compounds, while KK Nag will provide Expanded Polypropylene (EPP).
• Engineering and Infrastructure: Mino will install steel Body Shop equipment. FEV and AVL will provide engineering services.
• Manufacturing: MK Tron will produce small stampings, window regulators, and door hinges. FPI will supply front-end modules and XYG will provide glazing solutions.
• Chemicals and HVAC: Sika is contracted for structural adhesives and cavity baffles, while AITS will work on HVAC localisation.

The project is expected to contribute SAR 30 billion (USD 8 billion) to Saudi GDP by 2034 and improve the trade balance by SAR 79 billion (USD 21 billion). CEER estimates the creation of 30,000 direct and indirect jobs, aligning with the industrial diversification goals of Saudi Vision 2030.

James DeLuca, CEO, CEER, said, “These agreements are a cornerstone of CEER's wide and deep localisation strategy, which targets sourcing 45 percent of vehicle materials and components from Saudi companies by 2034. Our approach goes beyond mere assembly, we are utilising local raw materials and empowering Saudi companies to become global suppliers, directly contributing to Vision 2030’s mission to diversify the national automotive industry and drive sustainable economic growth.”

“These agreements represent a major step in building a comprehensive automotive ecosystem in the Kingdom. By using local materials and resources, attracting advanced technology and foreign investment, and localising the production of heavy and labour-intensive components, we aim to reduce CO2 emissions and create meaningful job opportunities for Saudi nationals,” added DeLuca.

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