MT Bureau

Tata Motors has entered the premium hatchback segment with Altroz which will be available in five trim levels at an introductory price starting from INR 5.29 lakh for the petrol version and INR 6.99 lakh for the diesel. It is the first vehicle developed on the new ALFA architecture and the second one showing Impact 2.0 design language.

With its striking design, bouquet of industry-first features and the most recent achievement of Global NCAP 5-star rating, Altroz has set the GOLD Standard in Safety, Design, Driving Dynamics, Technology and Customer Delight. Altroz will come with 6 different factory-fitted customizable options to be chosen from 4 packs of Rhythm, Style, Luxe and Urban.

Tata Motors has also launched 3 fully BSVI-ready cars. Leading the line-up with the Altroz, they are Tiago, Tigor (safest in its category) and Nexon. With Altroz and Nexon, Tata Motors has BS-VI ready diesel variants in their respective segments.

Guenter Butschek, CEO and Managing Director, Tata Motors, said, “We have started writing a new chapter. We promised to kick-start the year with a product offensive and here we are. The future of efficient, green, sustainable mobility solutions needs to translate into reality and we have made a start by bringing the new generation of BS-VI solutions to the market. The new face of Tata passenger cars are not only BSVI-ready, but are designed and developed to enhance the value proposition for our aspiring customers. With Altroz, the class defining, new premium hatchback, we are expanding our market coverage further. We have lots more in store for 2020 and we have just commenced unveiling our well-defined future product portfolio.”

The new Nexon will be available in 1.2L Revotron turbocharged petrol BS-VI engine and 1.5L Revotorq turbocharged diesel BS-VI engine with a starting price of INR 6.95 lakh and INR 8.45 lakh respectively. Staying on course, Nexon 2020 has been developed to take the drive experience to NEX LEVEL with best-in-class safety features and will be the first car from Tata Motors to feature the ‘iRA Tech’ – the new connected car technology, which has been designed specifically for India and caters to its unique driving conditions. ‘iRA Tech’ consists of technologies such as What3Words, Connected Safety, Natural Voice system and the Tribes app. The Nexon 2020 will be offered in 6-speed manual and AMT options.

Tiago 2020 will be the successor to the highly successful first generation Tiago, which is currently being driven by 2.5 lakh happy customers. The Tiago 2020 sports a more confident, mature design while being young, premium and fun. The car will be available in both manual and AMT options. It will be available in a 1.2L Revotron petrol BS-VI engine at a starting price of INR 4.60 lakh.   

Tigor 2020 will be available at a starting price of INR 5.75 lakh and will come with a 1.2L Revotron petrol BS-VI engine. The new Tigor exhibits a poised, understated and executive-oriented design. It will also be offered in manual and AMT transmissions.

Mayank Pareek, President, Passenger Vehicles Business Unit (PVBU), Tata Motors, said, “We are elated to begin 2020 in style with our new generation of passenger cars. This is a landmark achievement for us as we set new industry benchmarks. These new models are beyond BS-VI and will redefine every segment they are meant for with class-leading design, safety, technology and driving dynamics. We are also taking a significant step and defining what the new PV range brand promise is, through a new campaign -‘Drive New Forever.’ We are all set to ride the demand trend for new launches and excite our customers with a new product portfolio.” (MT)

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Maruti Suzuki India, the leading passenger vehicles manufacturer in the country, has reported its financial results for Q1 FY2026.

The company sold a total of 527,861 vehicles, which comprised 430,889 units in the domestic market and 96,972 units exported. This translated to a sales decline of 4.5 percent in the domestic market, while exports grew by 37.4 percent compared to a year ago.

Maruti Suzuki India’s reported registered net sales of INR 366.2 billion, up 8.11 percent YoY, as compared to INR 338.7 billion last year. The net profit came at INR 371 billion, up 1.7 percent, as compared to INR 364.9 billion last year.

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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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