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 India (HMIL), one of the leading passenger vehicle manufacturers, has introduced ‘PRO’ Pack in its popular compact SUV the Hyundai Exter at starting price of INR 798,390 (ex-showroom).

The new Pro pack features wheel arch cladding, side sill garnish, all-new Titan Grey Matte colour and a Dashcam to make the SUV more safer.

Tarun Garg, Whole-Time Director and Chief Operating Officer, Hyundai Motor India, said, "At HMIL, we are continuously evolving our product offerings to resonate with the aspirations of today's young and progressive customers. The introduction of PRO Pack in Hyundai EXTER is a step further in this direction, combining bold styling, advanced technology and strong safety to create a truly distinctive value proposition. With its refreshed appeal, the PRO Pack in Hyundai EXTER strengthens our commitment to redefining customer delight and making every drive a PRO experience."

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MOL, Suzuki Motor Corporation and TradeWaltz have announced a new partnership to streamline and decarbonise the automobile trade between India and Africa. The three companies signed a memorandum of understanding (MoU) at the 9th Tokyo International Conference on African Development (TICAD 9) in Yokohama.

This collaboration aims to address current challenges in the trade by leveraging digital solutions and enhancing efficiency. The companies will focus on identifying problems in the supply chain and developing solutions for smoother transportation. A key part of the initiative is also promoting decarbonisation efforts within the logistics process.

The partnership aligns with the ‘Japan-India Cooperation Initiative for Sustainable Economic Development in Africa,’ launched in February 2025. By combining their individual strengths, MOL, Suzuki and TradeWaltz hope to contribute to the economic development of both India and Africa. The companies stated that this MU is the first step toward building a more robust and interconnected automobile supply chain between these two rapidly growing markets.

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Mumbai-based automotive major Mahindra & Mahindra has announced a significant increase in the production of its highly anticipated its limited BE 6 Batman Edition, raising the total number of units available from 300 to 999. The decision comes in response to what the company described as an ‘extraordinary outpouring of enthusiasm’ from fans and collectors.

Initially envisioned as a small, limited run, the BE 6 Batman Edition has generated immense excitement, particularly among younger fans of the iconic superhero. The company stated that the overwhelming demand made it clear that fans wanted more, and the production increase aims to meet this desire while still maintaining the vehicle's exclusive nature.

Bookings for the special edition SUV will open on 23 August 2025, at 11 am, with deliveries slated to begin on 20 September 2025, which is International Batman Day. Customers interested in securing a vehicle can pre-register starting 21 August at 5 pm, by visiting the official Mahindra website. This pre-booking process allows for a faster checkout once reservations officially begin.

Each of the 999 vehicles will feature a unique ‘badge number’ from 001 to 999, which customers can select after their booking is confirmed. Mahindra highlighted that this approach focuses on celebrating the individual's connection to the brand and the hero, rather than just the vehicle's exclusivity.

The company hinted at a potential collaboration with other limited-edition models in 2026, building on the success of this partnership.

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JSW MG Motor India, one of India’s leading passenger vehicle manufacturers, has inaugurated its new 3S showroom in Muvattupuzha, Kerala.

The new facility offers sales, service and spare parts, where customers can access an immersive experience through a digital configurator for personalised vehicle selection and benefit from an in-house EV charging station.

Anurag Mehrotra, Managing Director, JSW MG Motor India, said, "We are thrilled to expand our footprint in Kerala, a key market that continues to show robust growth, particularly from Tier-2 and Tier-3 cities. To meet the rising demand from these regions, our newly launched showroom in Muvattupuzha is set to play a pivotal role in bringing MG’s cutting-edge, technology-driven vehicles closer to our customers. This strategic expansion not only enhances accessibility but also underscores our unwavering commitment to delivering a seamless sales and aftersales experience, with a customer-first approach at its core.”

Nirav Modi, Dealer Principal, MG Muvattupuzha, said, “We are proud to collaborate with JSW MG Motor India to bring the brand closer to car buyers in Muvattupuzha. With MG’s future-ready product portfolio, a strong focus on customer-centricity, and our proven expertise in sales and aftersales services, we are confident in delivering a premium ownership experience to customers across the region. This partnership marks a significant step in making innovative mobility solutions more accessible and reinforces our shared commitment to excellence.”

With a network of over 543 sales and aftersales touchpoints across 270 cities, JSW MG Motor India’s network now covers 90 percent of India’s geographical footprint.

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