Mahindra's Q1 FY2026 Net Profit Rises 24% To INR 40.83 Billion
- By MT Bureau
- July 30, 2025
Mumbai-headquartered SUV major Mahindra & Mahindra has reported a 24 percent YoY increase in consolidated net profit to INR 40.83 billion for Q1 FY2026, supported by strong performances across its automotive, farm and services businesses.
The consolidated revenue grew 22 percent to INR 455.29 billion in Q1 FY2026, while return on equity stood at 20.6 percent.
During the quarter, the company increased its revenue market share in the SUV segment to 27.3 percent, its LCV market share (up to 3.5 tonnes) to 54.2 percent, and its tractor segment market share to 45.2 percent.
The standalone automotive business recorded a 31 percent increase in revenue to INR 259.99 billion, with profit before interest and tax (PBIT) up 24 percent to INR 22.21 billion. SUV volumes reached 152,000 units, contributing to total vehicle sales of 247,249 units.
The farm equipment sector saw revenue rise 12 percent to INR 108.92 billion, with PBIT up 21 percent at INR 18.19 billion. Tractor volumes grew 10 percent to 132,964 units and standalone PBIT margins improved by 130 bps to 19.8 percent.
In the services segment, Mahindra Finance’s assets under management rose 15 percent, while Tech Mahindra’s EBIT margin increased by 260 bps to 11.1 percent, with a 34 percent jump in net profit.
Dr. Anish Shah, Group CEO & Managing Director, M&M, said, “Q1 FY2026 has been an excellent quarter, with broad-based growth across all our businesses. The operating excellence in our Auto and Farm businesses is evident in continued market share gains and margin expansion. TechM is witnessing momentum on deal wins, sustaining cost discipline and is moving steadily towards its FY2027 margin objectives. MMFSL’s calibrated approach to growth is manifesting in stable asset quality, with GS3 under 4 percent as committed. Our Growth Gems are progressing well on their value creation journeys.”
Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M, said, “Our Auto and Farm businesses continue to lead with strong momentum in Q1 FY2026, with gain of 570 bps YoY in SUV revenue share, and 340 bps YoY in LCV (<3.5T) market share. In Tractors, we gained 50 bps YoY to reach 45.2 percent market share, the highest ever in a quarter. Our Auto Standalone PBIT margin (excl. eSUV contract mfg.) improved by 50 bps to 10 percent and core Tractor PBIT margins improved by 100 bps to 20.7 percent.”
Amarjyoti Barua, Group Chief Financial Officer, M&M, said, “We are pleased with the performance of the group in the quarter, despite several macro challenges including geo-political disruptions. It demonstrates the resilience of the group. With our continued focus on capital discipline & operational metrics, we remain committed to shareholder value creation.”
MINI John Cooper Works Countryman All4 Launched In India
- By MT Bureau
- October 14, 2025
The new MINI John Cooper Works Countryman All4 has officially arrived in India, making its debut at the Buddh International Circuit. This high-performance SUV is now available for booking through MINI’s authorised dealerships across the country and will be offered as a completely built-up unit, with customer deliveries set to begin shortly.
Priced from INR 6,490,000 (ex-showroom), this model represents the most potent MINI ever introduced to the Indian market. Its performance is driven by a 2.0-litre four-cylinder TwinPower Turbo petrol engine that generates 300 horsepower and 400 Nm of torque. This power enables a remarkable 0 to 100 kmph sprint in just 5.4 seconds, cementing its status as the brand's fastest offering in India, with an electronically limited top speed of 250 kmph. Power is managed by a 7-Speed Double Clutch Steptronic Sport Transmission and an intelligent all-wheel-drive system, ensuring precise power distribution for both on-road agility and off-road capability. A dedicated Boost function provides immediate access to peak performance for dynamic driving situations.
The vehicle's design boldly communicates its performance character. It features a redesigned octagonal grille, distinctive LED headlights and a newly styled JCW logo. Exterior highlights include contrasting roof and mirror cap options, sporty Chili Red accents, a quad exhaust system and standard 19-inch JCW alloy wheels. The interior continues this sporty yet sophisticated theme with JCW-specific sports seats, a premium steering wheel with aluminium paddles and a minimalist cockpit design focused on the driver. Practicality is a key strength, thanks to an adjustable rear seat and a versatile luggage compartment that expands from 500 to 1,450 litres, complemented by a panoramic glass roof.
Technology is seamlessly integrated through a central OLED display running the MINI Operating System 9, which supports touch and voice commands via the ‘Hey MINI’ personal assistant. A unique Toggle Bar consolidates key driving controls and sits above a wireless smartphone charging area. The cabin experience is further enhanced by a head-up display, a Harman Kardon sound system and an innovative fisheye camera for capturing in-car moments. The driving experience can be personalised through various Experience Modes, which alter the vehicle's ambient lighting, sound and graphics.
Safety and assistance are comprehensive, featuring front and side curtain airbags, Dynamic Stability Control, a 360-degree camera, Park Assist and Comfort Access. The ownership package includes a two-year unlimited kilometre warranty, 24/7 roadside assistance and optional service plans that can be extended up to 10 years. Through BMW India Financial Services, prospective owners can access tailored MINI Smart Finance solutions, with monthly instalments beginning at approximately INR 64,900, which includes an assured buyback option at the end of the term.
Hardeep Singh Brar, President and CEO, BMW Group India, said, “The MINI John Cooper Works Countryman is a masterclass in performance and style, perfectly blending power, adventure and exhilarating drive. Born from the legendary John Cooper Works racing heritage, this car embodies the spirit of motorsport, with performance and precision at its core. Built to excel in every environment, this John Cooper Works is engineered to dominate the track, city streets and rugged terrain alike. With its impressive capabilities and dynamic design, the MINI John Cooper Works Countryman ALL4 is the most powerful MINI ever.”
Japanese luxury brand Lexus India has introduced the new Lexus LM 350h limousine in the country.
The LM 350h is claimed to set a benchmark for first-class travel, focusing on a calm and productive experience. Improvements include: An E20-compliant engine, supporting sustainability. Power sliding door switch at the rear console for convenience and intuitive control. Auto-dimming ORVM function for safety and driver comfort in the four-seater variant. A new rear console tray for rear-seat occupants in the four-seater variant.
Hikaru Ikeuchi, President, Lexus India, said, "We are truly humbled by the overwhelming response from our guests to the Lexus LM 350h and wish to sincerely thank our customers for their patience in waiting for this exceptional vehicle. The LM is a testament to our unwavering commitment to luxury, featuring grand interiors and an exclusive private lounge that redefines comfort and sophistication. It sets a new benchmark in first-class luxury travel, offering our guests an unparalleled experience of refinement, prestige and indulgence in India."
Mercedes-Benz India Launches The All-New G-Class 450d
- By MT Bureau
- October 13, 2025
Mercedes-Benz India has fortified the legendary G-Class lineage with the launch of the all-new G 450d, a vehicle distinguished by the most potent diesel engine in the brand's portfolio. This introduction completes a comprehensive powertrain strategy for the iconic SUV in India, now encompassing a diesel, a petrol, and a fully electric model. The G 450d is powered by an advanced 3.0-litre inline six-cylinder diesel engine, augmented by a 48-volt electrical system and an Integrated Starter Generator (ISG). This sophisticated powertrain generates 270 kW and a formidable 750 Nm of torque, propelling the substantial SUV from 0 to 100 km/h in a mere 5.8 seconds, with a top speed of 210 kmph.
The model's identity remains deeply rooted in its unparalleled off-road capability, honed over 45 years. Its proven ladder-frame construction, three 100 percent mechanical differential locks and a suspension system combining a double-wishbone independent front setup with a rigid rear axle form the bedrock of its rugged character. Key off-road metrics include a maximum 100 percent gradeability, a fording depth of 70 cm and approach, departure and breakover angles of 31, 30 and 26 degrees respectively. The standard adaptive adjustable damping and the DYNAMIC SELECT system – which includes three dedicated off-road driving programmes – allow drivers to effortlessly tailor the vehicle's character for any terrain. A redesigned Offroad Cockpit in the digital displays provides vital information like steering angle and tyre pressure, while the ‘Transparent Hood’ function offers a virtual view of the terrain ahead.
Visually, the G 450d retains the timeless, commanding silhouette of the G-Class while incorporating subtle yet distinct updates. A new radiator grille with four horizontal louvres and a redesigned front bumper with integrated vertical louvers define the front aspect. The vehicle rides on standard 20-inch AMG alloy wheels, reinforcing its powerful stance.
Inside, the cabin merges traditional robustness with state-of-the-art technology and luxury. The dashboard is dominated by two 12.3-inch screens for the driver and multimedia, housing the latest MBUX NTG7 infotainment system. This system features augmented reality navigation, which superimposes directional cues onto a live video feed, along with wireless smartphone integration. The exclusive MANUFAKTUR programme offers near-limitless personalisation, from unique paint colours to bespoke interior trims, spare wheel rings and decorative stitching. The AMG line interior theme, enhanced by Nappa leather, ambient lighting and an available Burmester 3D surround sound system with Dolby Atmos, creates an exceptionally luxurious environment. Comprehensive noise insulation and acoustic glass ensure exceptional cabin serenity, while a suite of advanced safety features, including Active Brake Assist and a 360-degree camera, provides confidence on every journey.
To celebrate the G-Class heritage, Mercedes-Benz India will soon initiate the exclusive ‘G-Tribe Escapade,’ a curated driving expedition for select customers. This journey will traverse from India to the scenic landscapes of Thimphu, Punakha and Paro, offering a firsthand experience of the vehicle's capabilities.
Santosh Iyer, Managing Director and CEO, Mercedes-Benz India, said, "The new G 450d underlines our commitment to offer diesel, petrol and electric powertrain for the first time in India to the G-Class, the longest running nameplate in the automotive industry. The G 450d featuring Mercedes-Benz’s powerful and efficient diesel engine, combines performance with efficiency, reiterating the sustained customer demand for a diesel powertrain in the G-Class. The G 450d ensures Mercedes-Benz now has a ‘G-Class’ for every customer requirement in India, further elevating practicality along with desirability and cult status of this iconic SUV."
VinFast Sales Pass 100,000 Units In Nine Months Of 2025
- By MT Bureau
- October 13, 2025
VinFast, one of the youngest automotive companies, has announced that it has become the first car brand in Vietnam to pass 100,000 vehicle sales within the first three quarters of a single year. The milestone follows 11 consecutive months as the nation’s top-selling carmaker.
In September 2025, VinFast delivered 13,914 electric vehicles, bringing the total for the first nine months of the year to 103,884 units.
- The VF 3 recorded 31,386 units sold in the first nine months, with 2,682 units sold in September.
- The VF 5 followed with 30,956 units sold over the same period, including 3,847 units in September. Its fleet variant, the Herio Green, sold 8,604 cumulative units.
- The VF 6 reached 14,425 units since the start of the year, with 1,933 delivered in September.
- The VF 7 recorded 5,877 cumulative sales over nine months, with 778 units sold last month.
- The Limo Green, a seven-seater MPV, sold 2,120 vehicles in September.
With three months of Q4 remaining and production capacity increased at its Hai Phong and Ha Tinh manufacturing complexes, VinFast expects to set more records by end-2025.
Duong Thi Thu Trang, Global Deputy CEO of Sales and Marketing, VinFast, said, “Behind the figure of more than 100,000 vehicles are millions of acts of trust and support from our customers. We are deeply grateful for their confidence and remain committed to delivering ever greater value, thereby accelerating Vietnam’s green transition.”
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