Honda Cars India Ltd. (HCIL) has unveiled its compact SUV – Honda Elevate – are teasing some its features and attributes for some time. Unveiled in India before anywhere else in the world, the Elevate will be produced in India and exported to other Honda markets in the world, underlining Honda’s operations at its plant in Rajasthan as an export hub for the Japanese automaker. 

Developed on the grand concept of ‘Urban Freestyler’, the Elevate aims at customers with active lifestyles and a global mindset by blending cutting-edge aesthetics with functionality to create a visually stunning, incredibly versatile, comfortable and fun-to-drive SUV, according to company sources. 

With bold and masculine exterior design with striking front face, sharp character lines and unique rear design, which signals at clever packaging, the Elevate at front employs Honda's signature grille, which is flanked by sleek LED headlights. The sides are emphasised by pronounced wheel arches with plastic cladding, which runs along the bottom of the vehicle and smart looking diamond cut 17-inch diameter alloy wheels. The rear has a distinctive tailgate design and LED taillights. 

Developed by Honda R&D Asia Pacific centre in Thailand and the R&D team in India, which specifically worked on understanding potential target customers through extensive market surveys reflecting three main factors such as stylish exterior safety and comfort.  

The modern interior with a two-tone colour scheme is laced with a stylish meter with premium feel welcome graphic animation. The 7-inch high-definition full colour TFT multi-information display shows information such as fuel consumption, trip meter, outside temperature, G-Meter and a clock. There is a provision to customise the operations, including the meter set up, keyless access, lighting set up, door, and Honda ‘Sensing’.  

The 10.25-inch HD resolution screen at the top centre of the dashboard can be connected with various types of smart phones via wireless Apple CarPlay, Android Auto, Weblink, Bluetooth and USB. As an infotainment system interface, the screen is completed by a sub-screen, which provides access to some additional features such as the ASVM (Assistant Side View Monitor), ARVM (Assistant Rear View Monitor), Clock, Calendar, Compass, Customisable Picture, and shortcuts to commonly used Infotainment settings. 

Measuring 4312 mm in length, 1790 mm in width and 1650 mm in height, the Elevate has a wheelbase of 2650 mm. As per the dimensions and the wheelbase the compact SUV is comparable to the likes of Hyundai Creta, Kia Seltos and Maruti Grand Vitara. Spacious enough to seat five people, the vehicle offers a cargo space of 458-litre. Ground clearance is a good 220 mm.  

Using higher tensile steel application ratio to realise a ‘smooth and connected’ structure, which is lightweight, offers enhanced collision safety performance, best body balance, better stability and handling, the Elevate is powered by a 121 PS 1.5-litre i-VTEC DOHC petrol engine with VTC. Producing a peak torque of 145 Nm, the compact SUV is equipped with a 6-speed manual transmission or a 7-speed CVT (Continuously Variable Transmission).  

A front-wheel drive design, the Elevate features 6 airbags, ABS with EBD and brake assist, vehicle stability assist with agile handling assist, hill start assist, Honda lane watch camera, light crash performance, pedestrian protection, multi angle rear camera, emergency stop signal, Isofix compatible rear side seats with lower anchorages and top tether, and an immobiliser with anti-theft alarm.  

Toshio Kuwahara, Head of Regional Unit (Asia & Oceania), Honda Motor Co., Ltd. and President and CEO, Asian Honda Motor Co., Ltd. said, “Today’s World Premiere of the all-new Elevate is a stamp of commitment of Honda’s plans and aspirations for the country. The exports from India to several regions across the globe are growing continuously every year. With high level of quality standards to deliver products that exceed expectations of both local and worldwide customers, India has become one of the most important export hubs for Honda. Moving forward to 2050, Honda strives to realise carbon neutrality and zero traffic collision fatalities involving our motorcycles and automobiles. To achieve this target, Honda aims to increase the sales ratio of Battery Electric Vehicles and Fuel Cell Electric Vehicles sales to 100 percent globally by 2040, including India. For safety, we continue enhancing advanced technologies including the expansion of Honda ‘Sensing’ around the world and strengthening our safety education to reduce traffic accidents.” 

Takuya Tsumura, President & CEO, Honda Cars India Ltd. said, “With the unveiling of the All New Elevate, we embark on a new journey with Honda's strong product offering in the booming SUV segment in India. Honda enjoys strong leadership and popularity in sedan segments. There has been very high anticipation amongst Honda loyalists and overall market, who have been eagerly waiting for the new model. We are confident that the Elevate will further strengthen the bond with our esteemed customers and soon become our strong third pillar of business besides the City and Amaze. We have a robust product strategy to strengthen our premium play in the market and Elevate is first model among the 5 new SUVs that will be launched by Honda in India by 2030.”  “Aligning with our global vision towards carbon neutrality by focusing on electrified powertrains, we will launch Honda’s first Battery Electric Vehicle (BEV) based on this SUV within next 3 years in India,” he added.

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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.”

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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.”

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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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Volkswagen Passenger Cars India has showcased the Tayron R-Line, marking the first of five product interventions scheduled for 2026.

The company plans to introduce updates or new models in every quarter to maintain market presence. These interventions will include SUV, Sedan and Hatchback body styles, with each model intended for different segments of the premium market.

For 2026, the company stated it has established objectives focused on products, customer engagement and experiences. The strategy involves using product actions to address various customer sets throughout the year. The brand aims to sustain interest through these quarterly releases across its vehicle portfolio.

The roadmap for the year is designed to cover multiple segments, ensuring a consistent rollout of updates. By addressing three body styles, the manufacturer intends to reach a broad audience within the premium category. The initiative forms part of a wider plan to enhance the ownership experience and interaction with the brand in India.

Nitin Kohli, Brand Director, Volkswagen Passenger Cars India, said, “Today, we are glad to showcase the Tayron R-Line for the first time in India. I am also delighted to announce that we have planned four more product interventions throughout the year. This year, every quarter will witness a new product intervention that will cater to a different premium customer set. Our objective is to continue building excitement for customers through smart product actions and introducing models that will continue to build aspirations.”

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