Understanding the need for speed, adrenaline rush and comfort, BMW has slotted the new ‘Ultimate Driving Machine’, the M340i, between the 3 Series range and the upcoming track-focused M3. Vikram Pawah, President, BMW Group India, said, “We are excited to launch the first-ever BMW M340i xDrive, the quickest car to be locally produced in India - a completely novel high-performance product that the Indian auto enthusiasts have been waiting for eagerly. It is a unique car because it has the thrilling soul of the BMW 3 Series, the amplified power of M and the driving dynamics of BMW xDrive. With the addition of the BMW M340i xDrive, the BMW 3 Series offers the most powerful and diverse range giving our customers the valuable ‘Power of Choice’.” He further said, “This car also marks an important milestone of local production of high-performance BMW cars from the house of ‘M’.”
BMW’s M range is divided into three categories. First is M Sport which is standard BMW models that are souped-up with a cosmetic kit, then is the M Performance like the M340i, which balances high-performance and comfort with M Sport mechanical upgrades, and finally, there is M which not only offers mindboggling power output but also offers sportscar like handling due to rigid chassis set up.
At a quick glance, one may mistake the M340i for a standard 3 Series, but take a closer look, and you notice a dark grey paint finish on the trademark kidney grille, the outside rearview mirrors and on the bumper near the fog lamps. The front grille also comes with metal accents. The sleek-looking adaptive LED headlamps boast state-of-the-art laser light for better illumination. Its sporty nature comes with a body-coloured rear spoiler, pronounced L-shaped LED taillights and grey finish dual exhaust tips. Like the 330i, the M Performance sedan also gets 18-inch alloy wheels, but one can upgrade to 19-inch wheels as well.
Interior
Open the door, and you’re welcomed with the M340i specific door sill. The cabin, as expected, is fully loaded with features like the 10.25-inch infotainment touchscreen with gesture controls and wireless Apple CarPlay and Android Auto, along with a wireless phone charger. It also comes standard with a Head-up Display, reflecting the speed and turn-by-turn navigation directions on the windshield. The cabin being predominantly black with metal inserts on the dashboard, and the centre console comes with Alcantara upholstery with contrasting blue stitching. To make the cockpit more special, the M340i comes with some M goodies like M Sport leather steering, seat belts and an all-digital 12.3-inch instrument panel. To ensure that the cabin is a happy place to be, the new sedan boasts 16 speakers Harmon Kardon music system.
Powertrain
Now, coming to the matters of the heart and under the hood is the massive 3-litre turbocharged straight line six-cylinder petrol engine which pumps out 382bhp at 5,800rpm and 500Nm at 1,800-5,000rpm. So, the question arises, why does BMW claim that the M340i is the fastest locally assembled vehicle? That’s because it does from standstill to 100 kilometres in just 4.4 seconds. The motor is mated to an eight-speed torque converter automatic transmission from ZF. As the gearbox’s settings are performance-oriented, it has shorter throws than a standard automatic so that it can hit the redline in the rev meter effortlessly and offers quicker downshifts. To make the driving experience more involving, it also comes with steering wheel paddle-shifters and even manual mode.
The M340i comes with multiple driving modes like Eco Pro, Comfort, Sport and Sport Plus, which changes the suspension set up, engine characteristics like its response, and even the steering wheel’s weight.
Unlike typical rear-wheel-drive BMW sedans, the M340i xDrive is an all-wheel-drive sedan that provides additional traction and keeps the vehicle planted on the tarmac. The M Sport rear differential ensures that the sedan carves out corners with full confidence and negates any understeer or oversteer thanks to the increased rigidity level. There isn’t any additional body roll weighing in either as the weight distribution of the car 50:50 front and rear. Another reason for agile handling characteristics is that the M Sport suspension is rigid by 20 percent and sits 10mm lower than standard 3. With so much power and precise handling, it’s also equipped with the M Sport brakes that are ideal for the city and the race track.
The M340i xDrive will take on the likes of the new Mercedes-Benz A-Class A350 and the upcoming Audi S5. (MT)
Dacia Rolls Out 100,000th Bigster In Just One Year
- By MT Bureau
- February 05, 2026
Renault Group-owned European car brand Dacia has achieved a significant milestone with the rollout of the 100,000th Bigster just one year after its production began at the Mioveni facility in Romania. This impressive volume highlights the immediate and substantial demand for the brand's latest model. Even prior to its full market launch, the vehicle garnered over 13,000 pre-orders, signalling strong early interest in its proposition of a value-oriented, family-sized SUV.
The model swiftly translated this initial promise into market leadership, becoming the best-selling C-SUV to retail customers across Europe in the second half of 2025. This commercial success is mirrored in the United Kingdom, where close to 5,000 orders have been recorded. British buyers have shown a distinct preference for the efficient hybrid 155 powertrain and the generously specified Journey trim level, with Indigo Blue being the colour of choice.
Beyond sales figures, the Bigster's impact has been validated by influential industry awards, most recently at the 2026 What Car? Car of the Year Awards, where it was hailed as a definitive value champion. Designed to challenge the status quo, the Dacia Bigster, starting from GBP 25,215, successfully delivers a robust, well-equipped and practical solution for families, firmly establishing its successful position in the competitive automotive landscape.
Hyundai Motor India Reports INR 123 Billion Profit In Q3 FY2026
- By MT Bureau
- February 02, 2026
Hyundai Motor India (HMIL) has released its unaudited financial results for Q3 FY2026 and nine months ending 31 December 2025.
The company reported a Profit After Tax (PAT) of INR 123.44 billion for Q3, representing a 6.3 percent increase YoY. Revenue for the quarter reached INR 1,797.35 billion, up 8 percent compared to the same period last year. EBITDA stood at INR 2,018.3 billion, a 7.6 percent rise, supported by festive demand and the implementation of GST 2.0.
The company stated that the domestic demand was supported by wholesale volumes increasing 5 percent QoQ. The Hyundai Creta recorded sales of over 200,000 units in the 2025 calendar year, while the new Venue model has received nearly 80,000 bookings to date.
Hyundai Motor India also entered the commercial mobility segment with the Prime HB and SD taxi models. Exports grew by 21 percent YoY in Q3 FY26, accounting for 25 percent of the total sales mix.
For the nine-month period, EBITDA reached INR 6,632.5 billion, a 3.3 percent increase. EBITDA margins expanded to 12.8 percent, up from 12.5 percent in the previous year, despite costs related to capacity stabilisation and commodity prices.
Tarun Garg, Managing Director & Chief Executive Officer, said, “The third quarter performance underscores our resilience and strong execution of 'Quality of Growth' strategy, marked by healthy growth in volumes, revenue and profitability. Notably on a year-to-date basis, EBITDA margins expanded to 12.8 percent as against 12.5 percent last year, supported by our efforts towards improving sales mix and prudent cost control measures. As we move ahead, the robust January’26 sales number gives us great momentum towards a healthy 2026.”
|
Particulars |
Q3 FY26 |
Q2 FY26 |
Q3 FY25 |
9M FY26 |
9M FY25 |
|
Revenue |
179,735 |
174,608 |
166,480 |
518,472 |
512,526 |
|
EBITDA |
20,183 |
24,289 |
18,755 |
66,325 |
64,211 |
|
EBITDA % |
11.2% |
13.9% |
11.3% |
12.8% |
12.5% |
|
PAT |
12,344 |
15,723 |
11,607 |
41,759 |
40,259 |
Jeep Reaffirms India Commitment With Strategic Plan Jeep 2.0
- By MT Bureau
- February 02, 2026
Stellantis-owned Jeep has announced its Strategic Plan Jeep 2.0, positioning India as a central hub for its operations in the Asia Pacific region. The plan focuses on localisation, manufacturing depth, and export expansion from the company's facility in Ranjangaon, Pune.
As part of the strategy, Jeep intends to increase localisation levels to 90 percent, up from the current 65–70 percent. This move is aimed at strengthening supply-chain resilience and cost competitiveness. The Ranjangaon plant, which has an annual capacity of 160,000 vehicles, currently exports the Compass, Meridian, and Commander to markets including Japan, Australia and New Zealand. Plans are underway to expand exports to Africa and North America.
The company plans to introduce a new vehicle lineup in India starting from 2027. In the interim, Jeep will maintain its current portfolio through refreshes and special editions. To support its customers, the brand has introduced the Confidence 7 programme, which includes a buyback scheme, pre-maintenance packages, and extended warranties.
At present, Jeep operates over 85 sales and service touchpoints across 70 cities in India. The automaker stated that in 2025, the Wrangler Willys 41 limited edition sold out within seven days. The company is also focusing on its owner community, which has reached 100,000 members, through experiential platforms and brand clubs.
Shailesh Hazela, CEO & Managing Director, Stellantis India, said, “Jeep’s 85-year legacy is built on authenticity and adventure. Strategic Plan Jeep 2.0 lays out how we will sharpen our product strategy and strengthen the customer experience year after year, driven by deeper localisation, global product alignment, expanding our vehicle offerings, and programs that deliver real value. We are equally focused on taking care of our existing customers, ensuring they receive the support, service and confidence they expect from Jeep. Success in India demands resilience and long-term commitment and we are investing with that clarity to ensure Jeep remains a brand of pride and desirability.”
Maruti Suzuki India Reports INR 37.94 Net Profit For Q3 FY2026
- By MT Bureau
- January 28, 2026
Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has reported its financial results for Q3 FY2026.
The company reported revenue of INR 475.344 billion, as against INR 368.02 billion last year, net profit came at INR 37.94 billion, as against INR 36.59 billion last year. It is to be noted that the net profit was impacted for Q3 FY2026 was impacted due to a one-time provision of INR 5,939 million relating to new Labour Codes.
During the period, the company achieved its highest quarterly domestic sales of 564,669 units, an increase of 97,676 units over the previous year. Total sales reached 667,769 units, which included 103,100 units in exports. This performance was supported by a recovery in the car market following GST reform, with the small car segment in the 18 percent GST bracket contributing significantly to the volume increase.
For the nine-month period from April to December 2025, the company recorded its highest sales volume, net sales and net profit. Total sales volume reached 1,746,504 units, with domestic sales at 1,435,945 units and exports at 310,559 units. Net sales for this period increased to INR 1,242 billion, while net profit grew to INR 1,085 billion.
Financial statements for the period have been restated following the amalgamation of Suzuki Motor Gujarat (SMG) with MSIL. This process took effect from 1 April 2025. The company continues to monitor market conditions as it manages its manufacturing and sales operations.
The recovery in the car market was led by the small car segment. Sales growth in this category accounted for 68,328 units of the total domestic increase. The company remains focused on domestic and export markets to maintain its sales volumes.
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