Mumbai-headquartered automotive major Mahindra & Mahindra has announced its financial results for FY2025 with revenue of INR 1,592 billion, up 14 percent YoY and a net profit of INR 129 billion, up 20 percent YoY.

The robust financial performance was underpinned by strong automotive sales across key segments. Mahindra stated it continue to top the SUV sales with a revenue market share of 22.5 percent. Furthermore, the OEM held the top spot in the Light Commercial Vehicle (LCV) segment under 3.5 tonnes, commanding a market share of 51.9 percent. The Tractor division also achieved its highest ever full-year market share at 43.3 percent.

Going forward, the company continues to maintain an optimistic outlook for SUV and EV sales. The company has announced that it will unveil a new platform 'Vision' on 15 August 2025, which will further expand its product portfolio.

Furthermore, Mahindra is set to increase its manufacturing capacity for XUV 3X0 and Thar Roxx by 3,000 units, a new platform capacity in Chakan for 120,000 units per annum and a new greenfield facility by FY2028, which will primarily focus on the passenger vehicle segment. The company is also looking at different states and the kind of incentives it gets, before finalising the location.  

“Our current capacity utilisation on the SUV side is almost over 90 percent with Scorpio very close to capacity, Thar Roxx and 3X0 fully on capacity and Bolero is lesser in capacity,” said Rajesh Jejurikar, Executive Director & CEO – Auto and Farm Sector, Mahindra & Mahindra.

Furthermore, the company’s born electric platform, which has spawned the BE 6 and XEV 9e has recently crossed the 6,300 sales mark. At present, the EVs have around 40,000 bookings with an average waiting time of 4-5 months.

Jejurikar explained that an EV customer usually sees around 2 hours of discussion time at the dealership, which is significantly higher than that of an ICE-vehicle customer.

“There's also work to be done by way of enabling charging infrastructure to be facilitated, set up, which means working with their societies or their office complexes wherever they want the charger and all of that needs to be coordinated well and then there's an installation process to be done at home. We have seen that this process is very important to customers to make sure that the experience is very seamless. As we think about ramping up, this is an added thing over and above the input quality which of course is a very important parameter because there is a lot of high tech and so we want to be very calibrated in the way we ramp up. As we have said earlier, that even though we have capacity, we are not operationalising all of that,” added Jejurikar.

A significant highlight was the positive performance of Mahindra's EV division. The company reported being EBITDA positive in the first quarter of the fiscal year within its EV segment, even without considering certain incentives (PLI). This achievement was attributed to a favourable variant mix. While celebrating this milestone, the company cautioned that achieving EBIT margin positivity in the EV sector is anticipated to take several quarters, potentially extending to a year or 18 months. This timeline reflects the ongoing investments required to scale up their EV operations, for which incentives are intended to provide support. The company anticipates that significant EBITDA positivity in the EV segment will become more pronounced as production volume increases.

On the other hand, responding to slowdown in the passenger vehicle sales, Jejurikar stated, “I think there are several enablers which will start kicking in – government spending, infrastructure spending, all of that which will lead to demand picking up. The smaller segments will start gaining out of the income tax benefit that will start kicking in from the front. We think that will be an enabler as well as interest rates come down over time, I think that will be another positive enabler. I do think that over the next few months, the sentiment will start kicking up. But it's a world with a lot of uncertainty at the moment. Multiple things are happening around the world so we don't see any uncertainty that comes out of that.  But, overall I think many macroeconomic factors are positive.”

Dr Anish Shah, Managing Director, Mahindra & Mahindra, added, “I just want to reflect on the numbers – both revenue growth and bank growth – where the stress isn't particularly visible. Yes, there is some level of commercial urban stress, but from our product standpoint, we haven't seen significant impact. Even when we look across other businesses, overall, the picture remains positive. The recent actions around liquidity and interest rates should start to drive greater demand and improved functionality. So, on balance, I’d say we aren’t seeing substantial urban stress at this point – perhaps a slight slowdown or a temporary blip, but nothing major. I believe that's something we’ll bounce back from.”

Looking beyond the domestic market, Mahindra expressed considerable optimism regarding its expansion in North America. The launch of the OJA tractor series in the North American market is reported to be gaining significant traction. Specifically, in the less than 110 horsepower tractor segment, where Mahindra has a strong presence, their retail market share has reportedly surged from 3 percent to 10 percent over the past four months. This sub-110 horsepower category constitutes a substantial 40 percent of the total market volume. This significant growth in their key segment underscores the strategic importance of the OTA series and justifies the investments made in its creation.

Responding to a question regarding potential entry into the insurance market, a Dr Shah stated that this has been under consideration for several years. While acknowledging the complementary nature of their existing business and the large market size, he indicated that any entry would be contingent on identifying a suitable approach that ensures successful returns. But no immediate plans for entering the insurance sector were announced.

Going forward, Mahindra is said to be open to new partnerships and acquisitions.

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Renault Group reported a 1.3 percent increase in global vehicle sales in the first half of 2025, reaching 1.17 million units across its brands – Renault, Dacia, Alpine and Mobilize. This somewhat flat growth reflects the Group’s strategy of prioritising value creation over volume in a challenging market environment.

The Renault brand led the performance with global sales up 2.7 percent YoY to 808,413 units, driven by a 12.2 percent rise in passenger car sales. However, light commercial vehicle (LCV) sales fell by 22.8 percent, impacted by the end-of-life of certain models and the incomplete rollout of the new Master range.

Dacia recorded a marginal decline in global sales (-0.7 percent) to 356,084 units, while Alpine saw the strongest growth within the Group, with an 84.6 percent surge to 5,015 units, supported by the success of its new A290 electric city car.

Electrified vehicles now account for nearly 44 percent of Renault Group’s total sales, up more than 15 points from H1 2024. Renault’s electrified mix reached 59 percent, including strong growth in hybrid (+36.2 percent) and electric vehicle sales (+57 percent), with the Renault 5 E-Tech emerging as the best-selling B-segment EV in Europe. Dacia increased its electrified mix to 23.5 percent, led by strong hybrid demand for the new Duster. Alpine's electric share jumped to 76 percent, underpinned by the A290.

Geographically, Renault saw international growth of 16.3 percent, particularly in Latin America (+24 percent), Morocco (+48 percent) and South Korea (+150 percent). In Europe, the Group grew by 5.4 percent despite a declining passenger car market, with the Renault and Dacia brands maintaining strong positions among retail customers.

Looking ahead, the Group plans to launch seven new models in 2025, including the electric Renault 4 E-Tech, Dacia Bigster and Alpine A390, alongside two major facelifts. It will also expand the rollout of the Grand Koleos and Kardian in international markets. A EUR 25,000 version of the Renault 5 E-Tech is set to support broader EV adoption in Europe.

Renault Group maintains a solid order book in Europe, equivalent to around two months of forecast sales and continues to focus on retail channels, which represented over 56 percent of total sales in the region. Residual values for its vehicles remain well above the European average, supporting the Group’s value-over-volume approach as it navigates the ongoing market transformation toward electrification.

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JSW MG Motor India has launched the much-awaited MG Cyberster, its first electric roadster, under the MG Select brand at INR 7.49 million (ex-showroom) for fresh bookings and for pre-reserved customers the EV is priced at INR 7.24 million.

The Cyberster features a dual-motor all-wheel-drive powertrain producing 510 PS and 725 Nm of torque. The company claims a zero to 100 kmph in just 3.2 seconds using Launch Control Mode. It is powered by a 77 kWh ultra-thin battery pack – 110 mm thick – providing a MIDC-certified range of up to 580km. A thermal management system is included for long-term efficiency.

The roadster is built on a chassis developed with inputs from former Formula 1 engineer Marco Fainello. It uses a double wishbone suspension setup and maintains a 50:50 weight distribution. Braking is handled by Brembo 4-piston front brake calipers, stopping the car from 100 kmph in 33 metres.

Aerodynamic design features include a drag coefficient of 0.269 Cd, active aero elements and electric scissor doors. The car also comes with 20-inch staggered lightweight alloy wheels fitted with Pirelli P-Zero tyres. Four dual-tone exterior combinations are available: Nuclear Yellow/Black Roof, Flare Red/Black Roof, Andes Grey/Red Roof and Modern Beige/Red Roof.

Inside, the Cyberster offers a driver-centric cockpit with a triple-display layout – comprising a central 10.25-inch touchscreen and two 7-inch digital panels. It also includes dual-zone automatic climate control with PM2.5 filtration, regenerative braking paddle shifters and premium vegan leather and Dinamica suede upholstery. The BOSE audio system features active noise compensation.

In terms of safety, the vehicle has a high-strength H-shaped cradle structure with a Static Stability Factor (SSF) of 1.83. Standard features include Level 2 ADAS, a Driver Monitoring System, dual front and side airbags, electronic stability control and an electronic differential lock.

The pricing includes a 3.3 kW portable charger, 7.4 kW wall box charger, and standard installation. MG says range will vary based on driving conditions and usage.

Anurag Mehrotra, Managing Director, JSW MG Motor India, said, “At MG Select, we aim at curating experiences that spark emotion, inspire desire, and lead the shift towards conscious mobility. The MG Cyberster is a powerful expression of that philosophy. It is a car that is engineered for performance and designed to be remembered. For many, roadsters were once daydreams. The Cyberster brings that dream to life, with the freedom of the open road and the conscience of an electric future”.

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Nissan Motor India, a leading passenger vehicle manufacturer, has achieved a new recognition for its made-in-India Magnite compact SUV.

The Magnite has bagged a 5-star overall safety rating in the Global New Car Assessment Program (GNCAP). 

The SUV was tested by GNCAP and scored 5-star rating in adult safety and 3-star rating in child safety, which translted to an overall 5-star safety rating for the vehicle occupants. The Nissan Magnite is manufactured at the Renault India’s Chennai plant and is exported to more than 65 countries under Nissan Motor India’s ‘One Car, One World’ strategy for both RHD and LHD markets.

Launched in October 2024, the new Magnite comes with over 40 standard safety features including 6 airbags, improved body structure incorporating 67 percent high tensile strength steel (>440Mpa), 6 Airbags, ABS + EBD, ESC, TCS, HSA, Brake Assist and TPMS among others.  

The Global NCAP’s crash test protocols assess frontal and side impact protection for all models, as well as ESC. Pedestrian protection and side pole impact protection assessments are required for vehicles scoring the highest star ratings.

Saurabh Vatsa, Managing Director, Nissan Motor India, said, “We are delighted to receive a 5-star safety rating for the Made In India New Nissan Magnite. Safety remains at the core of our engineering philosophy, and this reflects our dedication to providing our customers with secure, reliable, and technologically advanced and safe vehicles. As per our One Car, One World strategy, Nissan remains committed to the production and sale of the highest quality and safest cars in India for the domestic and export markets”.

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Kia India, a leading passenger vehicle manufacturer, has attained a new milestone in the country by inaugurating its 100th Kia Certified Pre-Owned (CPO) outlet in under three years. As part of its pre-owned car business, the company offers warranty coverage of up to 2 years/40,000 km, along with four complimentary periodic maintenance services.

At present, Kia India's CPO network is spread across 70 cities and represents nearly 60 percent of Kia India’s total retail footprint.

Joonsu Cho, Chief Sales Officer, Kia India, said, “Crossing the mark of 100 outlets milestone for our Certified Pre-Owned network within three years in India is a strong testament to the trust customers place in the Kia brand. In this short span of time, our CPO business has transformed into a strategic growth driver – powered by exceptional quality, reliability and trust. Through our exclusive, design-forward outlets and a fully digital experience, we are reshaping the pre-owned car market by offering customers the same confidence and convenience they associate with a new Kia vehicle. As we expand this network, our commitment remains focused on offering customer-centric solutions, long-term value, and a seamless ownership journey that reflects the Kia promise of movement that inspires."

As part of its focus on offering complete peace of mind to customers, the CPO offers 175-point quality check, and only vehicles meeting the criteria (under 100,000km), accidental structural damage free are certified.

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