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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Stellantis India has started exporting the Citroen Basalt from its Chennai plant to South Africa. This shipment brings the total number of Citroen vehicles exported from India to South Africa to 10,000 units.

The Basalt is built on a platform developed in India by local teams for domestic and international markets featuring a 95 percent localisation level. This export programme is part of a strategy to use India as a hub for manufacturing and sourcing within the global Stellantis network.

The company stated that the increase in export volumes reflects the quality and cost competitiveness of its Indian operations. The growth in exports supports employment and the development of the local automotive sector.

Shailesh Hazela, CEO and Managing Director, Stellantis India, said, “Commencing Citroen Basalt exports to South Africa strengthens Stellantis India’s position as a competitive manufacturing, quality‑driven and sourcing base. As our export volumes grow, our focus remains on building a resilient and integrated ecosystem, from vehicles to components, delivered through a consistent and high‑quality supply cadence. This milestone reinforces India’s expanding contribution to our global operations.”

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SAIC Motor-owned British marquee brand Morris Garages (MG) presented its developments in electric mobility and driving systems at the Beijing Auto Show 2026. The OEM showcased the 2026 MG4, the MG 4X and the MG 07 as part of its transition to new energy vehicles.

Interestingly, MG Motor launched the 2026 MG4 with six variants. The model includes exterior colours such as Ice Crystal Blue and Almond Beige, a black roof and 17-inch alloy wheels. MG worked with artist Jacky Tsai and the Lu Xun Academy of Fine Arts to provide customisation options.

On the inside, MG4 features front seats with heating, ventilation, massage and memory functions. The technology suite consists of an 8-inch driver display and a 15.6-inch touchscreen with wireless CarPlay. Driver assistance systems were updated to include nose-in, custom, and dead-end parking functions. The MG4 utilises cell-to-body integration and a semi-solid battery.

Furthermore, the MG 4X SUV is scheduled for a debut in May, which will feature a semi-solid battery and rear-wheel drive with five-link suspension as standard.

MG also displayed the MG 07, a coupe built on a new energy platform. It will be available as a battery electric vehicle or a plug-in hybrid. Through a partnership with Momenta, the MG 07 will use the R7 solution and the XHEART X7 chip to provide urban Navigate on Autopilot. This system uses a world model to understand scenes and predict risks.

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French automotive major Renault Group India has approached the National Company Law Tribunal (NCLT) to approve a structural realignment of its domestic operations.

The proposal aims to create more focused operating units by separating specific industrial activities. Under this plan, powertrain manufacturing will be organised as a dedicated entity, while vehicle manufacturing and sales operations will be consolidated into an integrated structure.

The realignment is designed to address the unique industrial requirements of Renault's various business arms and support long-term growth in the Indian market.

The move supports Renault’s goal of establishing India as a major manufacturing and export hub, with a target of reaching EUR 2 billion in annual exports by 2030.

By separating powertrain and vehicle manufacturing, the company intends to create clearer, more specialised management structures.

Renault Group India has reaffirmed its commitment to India as a key strategic market. The company has emphasised that the proposed changes are structural and will not affect day-to-day business or cause disruption to existing operations and business continues as usual. Employment terms, service continuity and existing relationships with dealers, suppliers and partners remain unchanged.

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Skoda Auto India, one of the leading passenger vehicle manufacturers, has announced a strategic partnership with CSC (Common Services Centre) Grameen eStore to extend its sales network into India's semi-urban and rural markets.

Through this collaboration, Skoda's current portfolio – including the Kylaq, Kushaq and Slavia – will be accessible via the CSC digital-first platform. This move makes Skoda one of the few premium automotive brands to leverage the vast network of local Village Level Entrepreneurs (VLEs) to bridge the accessibility gap in non-metropolitan regions.

The partnership utilises a hybrid model that combines digital discovery with physical fulfilment. Customers in remote areas can explore and initiate inquiries for Skoda vehicles through the Grameen eStore platform. Local entrepreneurs at CSC centres will assist customers with product details and purchase journeys. Once a purchase is initiated via the CSC network, the final delivery and subsequent vehicle servicing will be handled by Skoda Auto India’s existing dealership infrastructure.

Ashish Gupta, Brand Director, Skoda Auto India, said, “At Skoda Auto India, our growth journey is anchored in improving accessibility and building relevance across newer markets. Our partnership with CSC Grameen eStore allows us to bridge access gaps by combining the strength of a trusted local network with our diverse product portfolio that democratises technology for Indian customers. This initiative will bring Skoda Auto closer to customers, enabling them to experience our products and services more conveniently, regardless of their location, creating a more inclusive and accessible mobility ecosystem.”

The CSC Grameen eStore has become a vital channel for automotive manufacturers looking to tap into India's ‘Bharat’ market. For Skoda, this partnership scales its reach significantly without the immediate need for capital-intensive physical showroom expansions in lower-tier cities, while still maintaining the premium service standards provided by its authorized dealers.

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