Mumbai-headquartered automotive major Mahindra & Mahindra has announced its financial results for Q2 FY2025.

The company reported revenue of INR 379 billion, up 10 percent YoY, as against INR 344 billion last year. The net profit came at INR 31.71 billion, up 35 percent YoY, as against INR 23.48 billion a year ago.

During the period, the company witnessed its highest-ever quarterly automotive sales at 231,000 units, up 9 percent; highest SUV sales at 136,000 units. It also enhanced its monthly SUV production to 54,000 units, up 10 percent compared to end-FY2024. The automotive business reported revenue of INR  217 billion, up 15 percent YoY, and net profit at INR 14.2 billion, up 40 percent YoY respectively.

Dr. Anish Shah, Managing Director & CEO, Mahindra & Mahindra, said, “Our businesses have delivered a solid operating performance this quarter. Auto and Farm continued to strengthen market leadership by gaining market share and expanding margins. MMFSL GS3 remained under 4 percent (at 3.8 percent) and end losses have improved structurally. TechM delivered a good quarter and the long-term focus remains on reverting to past profitability. Our growth gems are progressing well on the 5x challenge.”

Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), Mahindra & Mahindra said, “In Q2 FY2025, we gained market share across both our Auto and Tractor businesses. SUV volumes increased by 18 percent YoY, maintaining leadership in revenue market share, with an increase of 190 bps YoY on the back of two successful launches. Volume market share for LCVs < 3.5T stands at 52.3 percent, a rise of 260 bps YoY. The auto standalone PBIT margin was 9.5 percent, a gain of 140 bps YoY (excl. PY gain on LMM transfer). In our tractor business, we achieved our highest-ever Q2 market share at 42.5 percent, with standalone margins up by 150 bps YoY.”

Amarjyoti Barua, Group CFO, Mahindra & Mahindra, said, “While the Auto and Farm segments continue to deliver the strong performance we have come to expect of them, this quarter also reflected the strength of our Services portfolio. This has been the trend through H1 FY2025 and we expect it to continue for the rest of the year in line with our strategy.”

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Nissan Motor India has unveiled its latest product offering for the Indian and the global market the Tekton, C-segment SUV, which will compete with the likes of Hyundai Creta, Kia Seltos, Tata Sierra, Maruti Suzuki Grand Vitara and the Toyota Urban Cruiser Hyryder.

The Tekton is based on the recently introduced Renault Duster SUV and has also incorporated design cues from its popular Patrol SUV. Manufactured at Renault’s Chennai plant, it is designed for both domestic sales and export to markets including the Middle East and Africa.

The SUV features a turbocharged engine lineup, consisting of the Turbo T160 and Turbo T280 options. The T280 provides 163PS of power and 280Nm of torque, available with a 6-speed wet clutch DCT or a 6-speed manual transmission. The SUV offers a ground clearance of 212 mm and 700 litres of boot space.

On the inside, the Tekton features a dual-screen setup comprising a 25.65 cm infotainment system with Google built-in and a 26.03 cm digital cockpit. Connectivity features include navigation via Google Maps, voice assistance through Google Assistant and access to applications via Google Play.

In terms of safety the Tekton comes with 6 airbags as standard, a high-strength steel frame and a suite of 17 driver-assistance features such as adaptive cruise control, autonomous emergency braking and lane-keep assist.

Guillaume Cartier, Chief Performance Officer, Nissan, said, "We are building a stronger and more competitive Nissan in India. As we continue to strengthen our SUV-led portfolio and sharpen our market focus, the World Premiere of the all-new Nissan Tekton reflects our ambition to combine global product strength with deep local relevance. Tekton is a clear expression of how Nissan is transforming with purpose - towards a more competitive, future-ready portfolio."

Massimiliano Messina, Chairperson, AMIEO Region, Nissan, said, "India is powering Nissan's growth across markets and regions. Tekton is a strong example of our 'One Car, One World' approach - a global product engineered through India, manufactured for Indian customers and developed for export markets across the region. It strengthens India's role as a growth engine and SUV production hub for Nissan."

Thierry Sabbagh, DVP - President, Middle East, KSA, India, CIS - Nissan and INFINITI, said, "Tekton is a strong signal of our capability, bringing global SUV excellence to India. Following the launch of the all-new Gravite, the World Premiere of the all-new Nissan Tekton accelerates our resurgence journey and strengthens our SUV portfolio in India. Tekton combines bold design, premium features, advanced technology and strong SUV character in a way that aligns with evolving customer expectations."

Saurabh Vatsa, Managing Director, Nissan Motor India, said, "Nissan's resurgence in India is taking formidable shape, driven by a sharper product focus, network expansion and a deeper understanding of what Indian customers truly value. Tekton is the flagship proof point of Nissan's India resurgence. It has been crafted to deliver commanding presence, unmistakable luxury, intelligent technology, confident performance and everyday practicality in a package that is made in India and ready for the world."

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Ford Motor Company has opened an 800-seat Global Capability Centre in Coimbatore. It is part of the automaker’s strategy to expands its India operations. The company sold its Sanand plant to Tata Motors but has retained its Chennai plant, which is indicative of the fact that it is still interested in the Indian market.
The Global Capability Centre commissioned at Coimbatore is third centre by the company of its kind. It follows centres in Chennai and Bengaluru. The 82,000 sq ft facility at Coimbatore will mainly support accounting, Ford Credit and other business operations, while also serving as a business continuity hub for the company's Chennai GCC.
“We earlier operated a centre in Coimbatore, which we closed during the COVID pandemic. We have had positive experience with the local talent pool here especially in terms of quality and the range of talent across commercial, operational and engineering operations,” said Gangapriya Chakraverti, India Site Head and Managing Director, Ford Business Solutions. “Ford's biggest talent demand in India continues to be in software engineering, data science and data analytics, alongside the company's growing investments in AI,” she added.

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Skoda Auto Volkswagen India, one of the leading passenger vehicle manufacturers, has announced a leadership change within its sales, marketing and digital division. Jan Bures, who currently serves as Executive Director of Sales, Marketing, and Digital, will conclude his assignment in India and move to a new role at Volkswagen, effective September 2026.

Following the departure of Bures, Piyush Arora, Managing Director & CEO of Skoda Auto Volkswagen India, will take on the additional responsibility of Executive Director of Sales & Marketing for the group in India.

The company stated that this structure is intended to improve strategic alignment, decision-making and accountability across the organisation.

At present, Skoda Auto Volkswagen India operates six brands: Volkswagen, Skoda, Audi, Bentley, Lamborghini and Porsche.

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German luxury carmaker Mercedes-Benz India has recorded its highest-ever sales for the H1 of 2026, retailing 9,768 units between January and June, a 9 percent YoY increase over the 9,013 units sold in the same period last year.

The company also achieved its best-ever second quarter Q2 CY2026, with 4,637 units sold, representing a 10 percent growth compared to Q2 2025.

Sales were driven by the performance of the core and top-end portfolios. The top-end luxury segment, which includes models such as the S-Class, Maybach, AMG and V-Class, grew by over 20 percent and accounted for 28 percent of total sales. Notably, Mercedes-AMG sales increased by 50 percent during the period.

Interestingly, electric vehicles now comprise 14 percent of total sales, supported by the launch of the CLA BEV and demand for the EQS SUV. The entry-level luxury segment also saw a 29 percent growth in Q2, aided by the introduction of the CLA BEV and the GLA SUV. The E-Class long-wheelbase sedan remained the highest-selling luxury car in the country.

Santosh Iyer, Managing Director and CEO, Mercedes-Benz India, said, “Mercedes-Benz’s strong growth in first half of 2026 underlines the success of our strategy rooted in offering desirable products, elevated customer experience and transforming our network with clear focus on getting closer to customers. The new V-Class and CLA BEV drove our best-ever H1 and Q2 sales, underpinning superior product substance, reconfirming Mercedes customers’ preference for value over entry price points.”

He added: “The success of the new CLA BEV is an affirmation that Mercedes-Benz customers prefer owning the latest technology, with the car being sold out within few days of market introduction, customers willing to wait till 5-6 months, to proudly own the car which is truly distinctive and a ‘Class of its Own’. The CLA BEV has propelled Mercedes-Benz’s BEV penetration to reach 14 percent in Q2 2026.”

Regarding the top-end segment, he stated: “H1 2026 has shown increased preference for our top-end vehicles, with the share of TEVs now reaching an all-time high of 28 percent, fuelled by the introduction and growing demand for the new V-Class and the 50 percent growth trajectory achieved by the AMG portfolio.”

The company plans to expand its retail network, aiming to open 20 outlets across India in 2026, including a debut in Varanasi during the third quarter. This expansion is supported by an investment of INR 4.5 billion from franchise partners over the next two years.

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