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 the addition of the HTE(EX) trim to its Carens Clavis (ICE) range at prices starting INR 1.25 million for the G1.5 petrol, INR 1.34 million for the G1.5 turbo-petrol and INR 1.45 million for the D1.5 diesel model (all ex-showroom). This introduction aims to provide features across various powertrains while maintaining affordability.

The variant is available exclusively in a 7-seater configuration across all internal combustion engine options. Notably, the HTE(EX) trim introduces a sunroof to the G1.5 petrol powertrain of the Carens Clavis for the first time.

Positioned above the HTE(O) trim, the HTE(EX) includes several comfort and convenience updates. These features comprise a skylight electric sunroof, fully automatic temperature control (FATC) and LED daytime running lights (DRLs) with position lamps. Interior updates include LED cabin lamps and an auto up/down function for the driver-side power window. These additions are intended to increase the accessibility of such features to a broader customer base.

Atul Sood, Senior Vice-President – Marketing & Sales, Kia India, said, “The introduction of the HTE (EX) trim for Carens Clavis (ICE) range is a direct outcome of listening closely to our customers and understanding what they value most. By incorporating comfort and convenience features that they have actively want, including the first-ever skylight sunroof in the G1.5 powertrain of Carens Clavis – and offering them across all powertrains, we are making our Carens Clavis lineup an even more compelling choice for families. This move underlines our strong customer-centric approach and our commitment to strengthening Kia’s presence in the highly competitive Indian automotive market.”

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French automaker Renault has unveiled the Filante, a premium crossover designed to lead the brand's 2027 International Game Plan. Developed on the CMA platform, the vehicle marks Renault's return to the premium E-segment. The model will launch in South Korea in March 2026, followed by releases in South America and the Gulf states by early 2027.

The Filante name draws on Renault's history, referencing the Étoile Filante speed record prototype of 1956 and the 2025 electric concept car. The vehicle is manufactured at the Busan plant in South Korea, a facility central to Renault’s strategy for the Asian and Middle Eastern markets.

The exterior features an avant-garde style with a specific light signature and an aerodynamic stern. Inside, the cabin includes lounge seating, customisable lighting, and a sound system designed for audiophiles. The digital environment is supported by the My Renault app, which allows for remote vehicle control and transparent software updates.

The Filante introduces a suite of driving aids to the Renault range, including Emergency Steering Assist, a Smart Rearview Mirror and Child Presence Detection. These systems are integrated into a connected cockpit designed to provide a personalised experience for the driver and passengers.

The vehicle debuts an upgraded full hybrid E-Tech 250 ps powertrain. This system utilises a dual electric drive and a Multimode Auto gearbox to balance power with efficiency. The architecture, developed through the Renault-Nissan-Mitsubishi Alliance, is optimised for hybrid performance to meet the targets of the 2027 International Game Plan, which aims for one in every three Renault sales outside Europe to be electrified.

Nicolas Paris, CEO, Renault Korea, said, “Renault Filante represents the best of what Renault group and Renault Korea can achieve together. Combining Renault's global DNA in design and innovation with the technical excellence of Renault Korea, it is backed by the advanced capabilities of the Korean automotive industry.”

Fabrice Cambolive, Chief Growth Officer Renault Groupe, and CEO Renault Brand, added, "We are opening a new chapter in the Renault International Game Plan 2027, here in Korea which plays a central role in our global ambitions. After the launch of Grand Koleos in October 2024, we are now about to unveil another flagship for Korea: Filante, the fifth new-generation vehicle of our international plan, designed for markets beyond Europe. Today is an important milestone, because it proves one thing very clearly: we are sticking to our roadmap and delivering on our promises. Filante perfectly illustrates our approach, combining Renault's French DNA - emotional design, humanised technology and best in class electrified technology - with Korean excellence to meet local customer expectations."

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Kia India, one of the leading passenger vehicle manufacturers, has signed a Memorandum of Understanding (MoU) with Avis Leasing to expand its Kia Lease Program.

The agreement represents Kia’s third partnership in the sector, following previous arrangements with Orix India and Ayvens India. The collaboration is intended to increase brand accessibility by offering mobility options that bypass traditional vehicle ownership.

The Kia Lease program targets customers with long-term requirements by providing tenures between 36 and 60 months with various mileage limits. The service allows users to access vehicles without an initial down payment. The monthly lease fee covers maintenance, insurance renewals and resale management, intended to provide a simplified experience for the user.

Under the terms of the agreement, customers have the option to return the vehicle or upgrade to a different Kia model at the conclusion of the contract. The initiative, which launched in 2024, aligns with shifting consumer preferences towards usage-based models rather than asset ownership. By integrating with established leasing firms, Kia aims to create a scalable platform that generates demand outside of standard retail sales.

Atul Sood, Senior Vice President - Sales & Marketing, Kia India, said, “At Kia India, we recognise the Leasing and Subscription space emerging as an important growth driver in the Indian auto industry. Our partnership with Avis Leasing reflects our efforts towards strengthening Kia Lease as a scalable platform that addresses evolving customer needs while creating incremental demand beyond traditional ownership. Through such collaborations, we aim to build a strong, sustainable mobility business aligned with our long-term growth strategy in India.”

Aman Naagar, Managing Director, Avis India, said, “We are pleased to partner with Kia India on a collaboration that reflects a shared commitment to redefining corporate mobility in India. By combining Kia’s future-ready product portfolio with AVIS India’s pan-India leasing and fleet management platform, we enable organisations to access scalable, flexible, and efficient mobility solutions aligned with their long-term business objectives. This partnership brings together two organisations with complementary strengths: Kia’s strong product innovation and AVIS India’s nationwide leasing and fleet management capabilities to build a modern mobility ecosystem that supports the evolving needs of corporate customers across India.”

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Czech automaker Skoda Auto has announced that its upcoming all-electric seven-seater flagship model will be named the Peaq.

The vehicle represents the series production version of the Vision 7S concept first introduced in 2022. The name is intended to signify the model’s position at the summit of the Czech manufacturer's vehicle portfolio.

The Peaq incorporates the brand’s Modern Solid design language, which focuses on sustainability and functional aesthetics. Engineered for families and travel, the interior features seven seats and focuses on space and practicality. The model integrates the company's ‘Simply Clever’ solutions and marks an expansion of the Skoda electric vehicle range.

The development of the Peaq follows the brand's shift toward a refined product identity. By bringing the Vision 7S concept into production, Skoda aims to provide a vehicle that balances work and leisure requirements. The flagship is designed to meet user-friendliness standards while utilising the company's latest electric platform technology.

Martin Jahn, Skoda Auto Board Member for Sales and Marketing, said, “With the Vision 7S, we entered new territory for Skoda, with a clear idea of how to elevate the brand. Since then, we have introduced a new design language and further refined our product identity. Now we are bringing this innovative vehicle concept to life. Our new flagship model takes our brand values of spaciousness and practicality to a whole new level. As of today, our bold vision for Skoda’s electric future has a name: Peaq - a clear statement of where this model belongs in our portfolio.”

The world premiere of the Skoda Peaq is scheduled for summer 2026. This launch will follow four years of development since the initial debut of the design direction.

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