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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Hyundai Motor Europe has appointed Wolfgang Würth as Director of PR & Communications, effective 1 October 2025. In this role, he will lead the development and execution of an integrated communications strategy, overseeing all public relations, product and corporate communications activities across the region. Würth will report directly to Xavier Martinet, President & CEO of Hyundai Motor Europe, as a key member of the company's leadership team.

His primary focus will be on positioning Hyundai as a leading innovator in electric mobility, leveraging his strong passion for technological advancement and responsible transportation. Würth brings over 20 years of extensive experience in the automotive and technology sectors, with a background in brand strategy, digital marketing and social media from senior international positions at Mercedes-Benz AG and, most recently, smart Europe GmbH. He is also a graduate of the Executive MBA programme offered by the University of St. Gallen and ETH Zurich.

Martinet said, “We are pleased to welcome Wolfgang to the team. With his extensive knowledge and experience in the automotive industry, and his proven ability to craft compelling narratives, Wolfgang will play a key role in driving our brand forward. His expertise will be fundamental as we accelerate our growth and continue to redefine mobility across Europe.”

Würth said, “I am honoured to join Hyundai, a brand of progress, with a unique design philosophy and empowering technology. I look forward to working with the talented teams to strengthen the brand’s presence and inspire our customers across the continent.”

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Maruti Suzuki India (MSIL) has officially announced the introductory prices for its new SUV, the Victoris, with a starting price of INR 1.04 million. The company stated that sales for the vehicle will begin on 22 September 2025.

Targeting young and dynamic customers, the Victoris is designed to cater to a digitally integrated and ‘Always Online, Always On The Move Lifestyle.’

Partho Banerjee, Senior Executive Officer, Marketing & Sales, Maruti Suzuki India, “We have received an incredible response for the VICTORIS ever since its launch earlier this month. Customers have expressed overwhelming appreciation for the Victoris SUV, especially its intelligent technology, hyper-connected features, progressive and sleek design and all-round safety. Building on this euphoria, we are delighted to announce introductory prices for the Victoris, starting at INR 10,49,900. Armed with versatile powertrain options that are tailored for adventurous and environmentally responsible buyers of today, the VICTORIS is powered by high-end technologies such as strong hybrid, Allgrip Select, S-CNG and Smart Hybrid. With its robust performance, 5-star safety~ and cutting-edge features, the Victoris truly has ‘Got It All’—making it aspirational, yet accessible for today’s youthful SUV customers who seek experiential lifestyles.”

The Victoris is offered with a variety of powertrain options, including strong hybrid, Allgrip Select, S-CNG, and Smart Hybrid technologies. It boasts a 5-star safety rating and is available in 21 variants and 10 colour options (three dual-tone and seven monotone). The new SUV will be sold through Maruti Suzuki ARENA showrooms.

Here is the full price list for the new Maruti Suzuki Victoris (all prices are ex-showroom)

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Maruti Suzuki India, the country's largest passenger vehicle manufacturer, is leaving no stone unturned to mark its aggressive strategy to reinforce its leadership position.

The company, which recently introduced the Victoris SUV, to further cement its position in the SUV space, has made owning the vehicle more attractive with the model scoring a 5-star safety rating for both adult and child occupants under the new Global NCAP standards.

This makes the Victoris the second model after the Dzire sedan (last year) to score a 5-star safety rating, thus clearly indicating a focussed approach towards improving vehicle safety.

Global NCAP crash tested the Victoris, which comes with six airbags, ESC (Electronic Stability Control) and pedestrian protection as standard.  

The results found that the structure and footwell areas are rated as stable and can withstand further loadings. All body regions for adult occupants showed adequate to good protection in all crash test scenarios. 

Side impact and pole test showed full head protection. Global NCAP also found that 18-months old and 3-year-old child dummies showed full protection in the rearward facing child seat with ISOFIX anchorages and support leg.  

Richard Woods, Chief Executive Officer, Global NCAP, said, “The five star Victoris clearly demonstrates Maruti Suzuki’s commitment to improved safety for its new models. It continues the trend set by the Dzire launched last year which also achieved five stars.  We warmly welcome Maruti Suzuki’s engagement with the requirements of Global NCAP’s new protocols. The result is a significant vehicle safety victory for motoring consumers in India.”  

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Škoda UK has appointed Philip Taylor as the new Head of Network Sales, with his tenure commencing on 1 November 2025. Taylor brings a wealth of experience to the role, having dedicated 16 years to various positions within Volkswagen Group UK.

His career has encompassed a diverse range of both brand-specific and broader Group functions, providing him with a comprehensive understanding of the automotive sector. Most recently, Taylor held the strategic position of Head of Product and Planning at Volkswagen Passenger Cars UK. His leadership during this period was a significant contributing factor to the brand achieving the notable status of the UK's best-selling new car brand. A key highlight of his tenure was his instrumental role in steering the successful market introduction and launch of the brand's pivotal all-electric ID. model range.

In this new capacity, Taylor will be taking over from Kevin Rendell, who is departing Škoda UK to assume the identical role of Head of Network Sales at Volkswagen UK. This move represents a strategic exchange of seasoned commercial expertise within the Volkswagen Group family, with Taylor's proven track record in sales and product strategy positioned to further accelerate Škoda's ongoing growth and success in the UK market.

Taylor is joining Škoda UK at a particularly auspicious time for the Czech manufacturer. The brand is currently experiencing a period of considerable commercial success and critical acclaim, having recently achieved its highest-ever UK market share.

Matthew Bowden, Brand Director, Škoda UK, said, “I’m very pleased to welcome Phil to the Škoda  UK team. He will bring a wealth of experience built from his varied roles across the Group, which I am sure will prove invaluable as we move into the next stage of our growth plans.”

Taylor said, “I’m very excited to join the Škoda team. The brand has developed impressively over the years, and is now a major player in the UK market with a very strong, award-winning model line-up. I am really looking forward to working with the UK team and its retailer partners to help continue its successful momentum.”

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