Saurabh Vatsa, MD, Nissan India

Japanese automaker Nissan Motor Corporation, which has been sailing through troubled waters globally, is optimistic about Indian market.

Laying to rest speculation on Nissan’s exit from India, Saurabh Vatsa, MD, Nissan Motor India, reiterated that there is “No change in plans for India, everything is secure, people, production, partners and employees. Nissan is staying in India. While we have divested in Renault Nissan Automotive India Private Ltd (RNAIPL), the Alliance partnership benefits us to secure capacity. This means we will continue to produce, sell in India and even drive exports.”

He further explained that despite being just one product – Magnite SUV – the company for last several years but continued to sustain volumes of around 2,000-2,200 units per month.

“We are in the 5^th-6^th year of Magnite in India. Despite being a single product unit, we have been averaging 30,000 units per annum. When you have higher equity than share, the new product portfolio always tends to benefit faster and can help drive volumes easily.  With the upcoming product launches planned, we are looking at 100,000 units for domestic and exports each for FY2026- 27,” he shared.

It may be recollected that it was in March 2025, Nissan India announced its plans to launch an all-new 7-seater B-MPV and a 5-seater C-SUV in Q1 of CY2026 and mid of CY2026, respectively. This would be followed by a 7-seater model in CY2027.

Vatsa also revealed that the company continues to explore all potential options for India, including hybrid and electric vehicles, especially with the upcoming CAFE3 norms set to kick in from 2027.

Responding to new investments, he stated that Nissan is committed to the EUR 700 million in the country, towards new product development and other commitments.

Despite being a one-product company, at present it has 159 dealers in the country and 125 workshops. Going forward, it aims to scale this up to 180 touchpoints by end-2025.

Furthermore, with the new products already in pre-production, it has also started receiving dealer enquiries, who too are optimistic about Nissan India’s growth story.

“We clearly have a path to profitability. If Nissan did not see a future in India, we would not have stayed. Whether it is dealerships, teams or capacities, we are well equipped and committed to India,” concluded Vatsa.  

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Hyundai Motor India, one of the leading passenger vehicle manufacturers in the country, has reported its financial performance for Q1 FY2026.

The company’s revenue came at INR 164.129 billion, down 5.36 percent YoY, the EBITDA came at INR 21.85 billion, down 6.62 percent YoY, while net profit at INR 13.69 billion was down 8 percent YoY.

Unsoo Kim, Managing Director said, “We continued our stated strategy of ‘Quality of Growth’ in the first quarter of FY 2026 with balance between domestic & exports, market share and profitability. This strategy helped us to sustain strong EBITDA margin of 13.3 percent during the quarter, despite tough macro-economic environment. Moving forward, we anticipate gradual recovery in domestic demand sentiments, driven by onset of monsoon & festive season coupled with government policy measures, while on the exports front, we are confident to maintain a positive momentum, in line with our growth commitments.”

Hyundai Motor India’s performance was affected by a slowdown in its overall volumes both in domestic and exports markets. Factors such as intensifying competition, geopolitical situation and tariff confusion have affected demand.

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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.”

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Toyota Kirloskar Motor, a leading passenger vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with the Zilla Parishad to upgrade the infrastructure of the Zilla Parishad Kendriya Prathamik School (ZPKPS) in Bidkin, Chhatrapati Sambhaji Nagar, Maharashtra.

The MoU was exchanged at the Collector Office in the presence of Deelip Swami, Collector and District Magistrate, Ankit, CEO of the Zilla Parishad, officials from the Education Department and senior Toyota Kirloskar Motor representatives including Sudeep Dalvi, Chief Communication Officer and Senior Vice-President.

This school development forms part of the automaker’s education-focused corporate social responsibility (CSR) activities and aligns with its recent investment to set up a greenfield manufacturing facility in Maharashtra.

ZPKPS Bidkin, a 100-year-old school currently serving over 800 students, is expected to see enrolment rise to around 1,200. The infrastructure project will be implemented in phases over three years, from 2025 to 2028.

Education continues to be a key area in Toyota Kirloskar Motor’s CSR work, which supports national initiatives such as Skill India and the National Education Policy. The company’s focus includes early childhood care, literacy, and access to learning resources.

Deelip Swami, said, “We welcome this collaboration with Toyota Kirloskar Motor to upgrade the infrastructure of ZPKPS Bidkin, a school that has been central to educating children from economically weaker sections in the region. With student numbers expected to grow significantly, this initiative comes at a crucial time and will greatly enhance the learning environment. Strengthening public education through such collaborative efforts is key to ensuring inclusive development. We appreciate Toyota’s proactive contribution toward this shared goal and are confident that the project will create lasting value for the children and the broader community of Bidkin.”

Sudeep Dalvi, said, “At Toyota Kirloskar Motor, our commitment to nation-building extends beyond mobility solutions. We firmly believe that education is one of the most powerful enablers of long-term, inclusive development. By creating a nurturing and modern learning environment for nearly 1,200 students, we are investing in the potential of future generations. This MoU reflects our continued collaboration with government stakeholders in delivering high-impact interventions that strengthen the social fabric of our communities. This initiative marks the beginning of our engagement in the state, as we move forward, our efforts will remain rooted in our core philosophy of ‘Creating Mobility for All’—that can transform lives and uplift entire communities.”

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JSW MG Motor India has inaugurated its MG Select premium showroom in Worli, Mumbai. The new facility is based on the company’s ‘Reimagining Luxury’ philosophy and will offer customers a new buying experience.

Anurag Mehrotra, Managing Director, JSW MG Motor India, said, “Luxury consumption in India has grown exponentially in the recent years, with MG Select we aim to further create a niche for the luxury car buyers by redefining and elevating the car ownership journey. Our vision of redefining the Indian luxury automotive landscape aligns with our dealer partners and together we will create newer benchmarks by offering technologically advanced products and exclusive experiences.”

The MG Select Experience Centres are designed with sublime, earthy and infinite white scapes, each showroom exudes a surreal space that evokes clarity and seamless flow.

Gautam Modi and Nidhi Modi Chheda, Dealer Principal, MG Select Mumbai, said, "MG Select Mumbai is an iconic expression of automotive excellence where timeless design and new age luxury come together in harmony. Rooted in MG legacy of innovation and a deep commitment to sustainability, this space redefines modern mobility for Mumbai’s discerning connoisseurs. Every detail reflects refined aesthetics, thoughtful experiences and enduring values. At MG Select, we honour aspirations, nurture meaningful relationships and craft a legacy defined by elegance, integrity and a shared vision for a better future."

At present, JSW MG Motor India retails the MG M9 presidential limousine and the MG Cyberster, the World’s Fastest MG through the premium store.

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