Maruti Suzuki India Reports INR 30,692 Million Net Profit For Q2 FY2025, Down 17%
- By MT Bureau
- October 29, 2024
Maruti Suzuki India (MSIL), the largest passenger vehicle manufacturer in the country has announced its financial results for the Q2 FY2024-25.
The company reported net sales of INR 355,891 million, a flat growth, as against INR 355,351 million for the same period last year. The net profit came at INR 30,692 million, down 17.4 percent YoY, as compared to INR 37,165 million last year.
This the company states was on the back of a provision of INR 8,376 million made in Q2 FY2023-24, resulting from the withdrawal of indexation benefit and change in tax rate on long term capital gains on debt mutual funds as per the Finance Act 2024.
During Q2 the company sold 541,550 vehicles, of which the domestic sales came at 463,834 vehicles and exports at 77,716 vehicles. While the domestic volume declined by 3.9 percent, the export volume grew by 12.1 percent compared to the same period of the previous year.
For H1, the sales came at 1,063,418 units, comprising 915,142 units in the domestic market and at 148,276 units in the export market. While the domestic market sales declined by 0.3 percent, the export sales volume grew by 11.9 percent YoY.
This translated to its highest net revenue of INR 694,644 million in H1FY2024-25 as compared to INR 663,803 million last year. The net profit came at INR 67,191 million, up 8.34 percent, as against INR 62,016 million last year.
Last year, Suzuki Motor Gujarat was acquired to become a 100 percent subsidiary of MSIL. The Board considered the structure after the acquisition and gave an in-principle approval for the amalgamation of SMG with MSIL. The appointed date for the amalgamation is 1 April, 2025, subject to all legal and regulatory compliances.
Tata Motors Starts Production Of Harrier.ev At Pune Facility, Deliveries To Begin In July
- By MT Bureau
- July 04, 2025
Tata Motors, one of the leading passenger vehicle manufacturers in the country, has commenced the production of its flagship electric vehicle the Harrier.ev.
Launched on 3 June 2025 at prices starting INR 2.14 million, the Harrier.ev is the company’s most powerful, capable and intelligent SUV. It is available in two drive configurations Quad Wheel Drive and Rear Wheel Drive options.
Delivering supercar-like performance, the Harrier.ev features a dual-motor setup producing 158 PS (116 kW) at the front and 238 PS (175 kW) at the rear, generating a combined torque of 504 Nm. It accelerates from zero to 100 kmph in a segment-best 6.3 seconds.
Powered by a 75 kWh battery, the vehicle can add 250 km of range with just a 15-minute charge. The company claims that the EV is designed for true off-road enthusiasts and comes equipped with a Quad Wheel Drive system and six terrain modes, along with a Transparent Mode that allows drivers to see around and underneath the vehicle.
Inside, the SUV pampers occupants with indulgent technology and luxurious comfort. Highlights include the Ultra Glide Suspension with Frequency Dependent Damping, and the world's first 36.9 cm (14.53-inch) Harman Cinematic Infotainment Screen powered by Samsung Neo QLED technology—the first of its kind in an automotive application.
The customer deliveries for Harrier.ev is set to begin this month.
Hyundai Motor India Attains Milestone Of Selling 1.1 Million Vehicles With Sunroof
- By MT Bureau
- July 04, 2025
Hyundai Motor India (HMIL) has announced a milestone of selling over 1.1 million sunroof-equipped vehicles in India over the last five years.
At present, Hyundai Motor India offers sunroof option in 12 out of its 14 models currently on sale in the country. To ensure cost efficiency, the automaker has localised panoramic sunroof to meet higher number of customer preferences. In 2024 alone, the company’s domestic sales saw 52 percent of vehicles equipped with sunroof, which went up to 54 percent during the H1 of CY2025.
Tarun Garg, Whole-Time Director and Chief Operating Officer, Hyundai Motor India, said, “This milestone is a strong reflection of the modern Indian customer’s aspiration for premium experiences in everyday mobility. At HMIL, we have consistently worked towards democratizing global technologies and high-end features for a broader set of customers. Going forward, we shall continue with our commitment to shape the future of mobility, by blending cutting-edge technology and innovation and future-ready product offerings.”
Mahindra To Start Deliveries Of Be 6 And XEV 9e With Pack 2 Battery Packs In July
- By MT Bureau
- July 04, 2025
Mumbai-headquartered automotive major Mahindra & Mahindra will start deliveries of Pack Two for its Be 6 and XEV 9e electric SUVs by end-July with prices starting INR 2.19 million.
The BE 6 and XEV 9e e-SUVs with Pack Two feature a 79 kWh battery option alongside the existing 59 kWh variant, which is claimed to offer a range of 500km and 400km respectively.
The e-SUV features a 16-speaker Harman Kardon sound system with Dolby Atmos, a full glass roof, Level 2 advanced driver assistance systems (Level 2 ADAS), a triple-screen wide cinemascope in XEV 9e and a race-ready Digital Cockpit in BE 6.
In addition, the BE 6 Pack Two comes with premium sage leatherette interiors from Pack Three, complemented by an elegant ivory roof finish to further enhance the cabin’s spacious and sophisticated feel.
Customers who had booked the e-SUVs and are waiting for deliveries will now have an option to upgrade their bookings for Pack Two featuring the 79 kWh battery.
Renault India Opens new‘R store's In Madhya Pradesh
- By MT Bureau
- July 04, 2025
European automotive brand Renault India has inaugurated two new’R stores in Indore and Sagar, Madhra Pradesh as part of its new retail identity.
The initiative is part of Renault India’s brand experience and transformation strategy to align with evolving customer expectations, blending design innovation, digital integration and customer-first service.
Francisco Hidalgo, Vice-President Sales & Marketing- Renault India said, "Madhya Pradesh has been a priority market for us with the kind of reception our vehicles have received in the state. The opening of new’R stores in Indore and Sagar is an important step forward in scaling up our business expansion as per the renault. rethink. strategy, which puts focus on building positive customer experiences that showcase Renault’s global brand values while catering to local aspirations. With Madhya Pradesh now on our new’R store map, we are one step closer to creating a future-ready retail ecosystem across India. As we continue to expand our footprint, we intend to elevate the customer experience and set new benchmarks in automotive retail. Soon, we plan to unveil 2 more new’R store in India."
The new outlet will deliver Renault's New Visual Identity (NVI), featuring a sleek black façade and an updated logo designed in line with global standards making the urban car dealership more inviting and futuristic. The showroom places vehicles at the centre of the space that provides ample room for cars, allowing visitors to move freely and explore each model from various angles.
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