Mahindra Posts INR 26 Billion Profit For Q1 FY2025
- By MT Bureau
- July 31, 2024
Mumbai-based Mahindra & Mahindra, one of the leading conglomerates has announced its financial results for Q1 FY2025.
The company reported revenue of INR 271 billion, up 11 percent YoY, and a net profit of INR 26 billion, down by five percent YoY (It is important to note that net profit for Q1 FY2024 included a one time gains on back of the KG Mobility and MCIE sale).
During the quarter, the company managed to strengthen its automotive business wherein, it achieved highest-ever quarterly volumes of over 2,12,000 units, up 14 percent YoY (including LCV); highest SUV volume at 124,000 units; highest tractor volume of 1,20,000 units, up five percent YoY respectively.
Dr. Anish Shah, MD & CEO, Mahindra & Mahindra said, “We have started the FY2025 fiscal year with strong operating performance across all our businesses. Capitalising on leadership positions, auto and farm continued to expand market share and profit margins. Transformation at MMFSL is yielding results as asset quality improves and transformation at TechM has commenced with margins as a key focus. With this momentum and relentless drive towards execution, we will continue to ‘deliver scale’ in F25.”
Rajesh Jejurikar, Executive Director & CEO – Auto and Farm Sector, Mahindra & Mahindra said, “In Q1 FY2025, we gained market share in both auto and farm businesses. We achieved highest ever quarterly tractor volumes and also improved our core tractors PBIT margin by 110 bps YoY. We retained market leadership in SUVs with 21.6 percent revenue market share and in LCVs < 3.5T, we crossed 50.9 percent volume market share. Auto standalone PBIT grew by 39 percent with margin improvement of 180 bps YoY.”
Amarjyoti Barua, Group CFO, Mahindra & Mahindra said, “We delivered robust margin expansion across our businesses through focussed execution. We continue to meet our external commitments. We have also commenced on our capital investment plans in line with what we communicated in May’24.”
JSW MG Motor India Sells 6,578 Vehicles In August 2025
- By MT Bureau
- September 01, 2025
JSW MG Motor India, one of the leading passenger vehicle manufacturers, has announced its wholesales for August.
The company marked a 52 percent growth YoY last month when it sold 6,578 units, as against 4,323 units a year ago.
The OEM attributed the healthy performance to the start of the festive season, which marked the highest deliveries for the automaker this year. The MG Windsor EV and the MG Comet EV saw a 5 percent 21 percent growth over July.
Furthermore, the company has been expanding its dealer network with three new facilities being inaugurated last month. With this the company now has over 543 sales and aftersales touchpoints across 270 cities, which enables to cover 90 percent of India’s geographical footprint.
BMW X5 Launched In India At Prices Starting INR 10.03 Million
- By MT Bureau
- August 28, 2025
BMW India has released the new BMW X5 at prices starting INR 10.03 million (ex-showroom). The cars are produced at the BMW Group Plant in Chennai and come with petrol and diesel engine options.
The ex-showroom prices for the new variants are as follows:
- BMW X5 xDrive30d: INR 10.23 million
- BMW X5 xDrive30d M Sport Pro: 11.5 million
- BMW X5 xDrive40i: INR 10.03 million
- BMW X5 xDrive40i M Sport Pro: INR 11.3 million
The new X5 models include a BMW Widescreen Curved Display, which combines a 12.3-inch information display and a 14.9-inch control display. The cars also feature Comfort Seats with electric adjustments and lumbar support. Standard equipment includes a Harman Kardon Surround Sound System and a 4-zone automatic climate control system.
Both the petrol and diesel engines are equipped with BMW TwinPower Turbo technology. The 3-litre 6-cylinder in-line petrol engine of the X5 xDrive40i produces 381 hp and 520 Nm of torque, accelerating from 0 to 100 kmph in 5.4 seconds. The 3-litre 6-cylinder in-line diesel engine of the X5 xDrive30d produces 286 hp and 650 Nm of torque, with a 0-100 km/h time of 6.1 seconds. Both engines also feature a 48V electrical motor.
The xOffroad package is now available for the X5, providing four driving modes: xSand, xRocks, xGravel and xSnow. The package also includes reinforced underbody protection.
Safety systems on the new X5 include Parking Assistant Professional with Surround View Camera, Reversing Assistant and Drive Recorder. The cars are also equipped with airbags, Dynamic Stability Control (DSC) and an electronic immobiliser.
Maruti Suzuki True Value Attains Milestone Of Selling 6 Million Pre-Owned Vehicles
- By MT Bureau
- August 28, 2025
Maruti Suzuki True Value (MSTV), India's leading pre-owned car retail network, has attained a new sales milestone of selling over 6 million cars since its launch in 2001, which includes 492,697 vehicles in FY2024–25 alone.
The milestone, the company shared, highlights the channel's sustained growth and its status as a preferred choice for consumers seeking quality pre-owned vehicles.
Partho Banerjee, Senior Executive Officer of Marketing & Sales, Maruti Suzuki India, said, "As we celebrate the 6 million sales milestone, we are deeply grateful to all our valued customers for their trust in True Value cars," he said. "Established over two decades ago, Maruti Suzuki True Value has consistently been a top consideration for a diverse demography of customers as a reliable and safe pre-owned car channel."
Banerjee also noted that MSTV is especially popular with younger buyers, with an average customer age of 31. Eighty-five per cent of True Value customers are first-time car owners. The company's focus on "industry-leading services" is designed to provide customers with "complete peace of mind."
All Maruti Suzuki True Value-certified vehicles undergo a rigorous 376-point quality check and are refurbished with genuine Maruti Suzuki parts. The company stated it verifies each car's service history and documentation before it is offered for sale. To further build customer confidence, certified cars come with a warranty of up to one year and three free services.
At present, the company’s network includes 606 showrooms across 305 cities in India.
Skoda Teases New Vision O Concept Interior
- By MT Bureau
- August 25, 2025
Skoda has released a teaser video offering the first look inside its upcoming Vision O concept car, revealing a new interior design language. The car will be officially unveiled on 8th September in Munich.
The interior showcases the next evolution of the brand’s Modern Solid design philosophy, focusing on a customer-centric and sustainable approach. The design emphasises a spacious layout with clean lines for a harmonious feel.
Oliver Stefani, Head of Skoda Design, said, “The interior design concept of the Vision O showcases our commitment to combining simplicity and sustainability with enhanced comfort. The combination of clean lines and intuitive functionality reflect our efforts to create a harmonious and functional interior. It features materials and design elements that are not only aesthetically an evolution of our Modern Solid design language but also emphasise environmental responsibility.”
The interior features a minimalist, ergonomic design that prioritises practicality and intuitive functionality. It includes unique 3D-printed headrests for a comfortable and airy feel. Following circular economy principles, the materials used throughout the cabin are sustainable, with a focus on plant-based and compostable components to reduce the car’s environmental impact.
The Vision O will be a look at the future of Skoda’s estate segment.
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