Mumbai-based Mahindra & Mahindra, one of the leading conglomerates has announced its financial results for Q1 FY2025. 

The company reported revenue of INR 271 billion, up 11 percent YoY, and a net profit of INR 26 billion, down by five percent YoY (It is important to note that net profit for Q1 FY2024 included a one time gains on back of the KG Mobility and MCIE sale).

During the quarter, the company managed to strengthen its automotive business wherein, it achieved highest-ever quarterly volumes of over 2,12,000 units, up 14 percent YoY (including LCV); highest SUV volume at 124,000 units; highest tractor volume of 1,20,000 units, up five percent YoY respectively.

Dr. Anish Shah, MD & CEO, Mahindra & Mahindra said, “We have started the FY2025 fiscal year with strong operating performance across all our businesses. Capitalising on leadership positions, auto and farm continued to expand market share and profit margins. Transformation at MMFSL is yielding results as asset quality improves and transformation at TechM has commenced with margins as a key focus. With this momentum and relentless drive towards execution, we will continue to ‘deliver scale’ in F25.”

Rajesh Jejurikar, Executive Director & CEO – Auto and Farm Sector, Mahindra & Mahindra said, “In Q1 FY2025, we gained market share in both auto and farm businesses. We achieved highest ever quarterly tractor volumes and also improved our core tractors PBIT margin by 110 bps YoY. We retained market leadership in SUVs with 21.6 percent revenue market share and in LCVs < 3.5T, we crossed 50.9 percent volume market share. Auto standalone PBIT grew by 39 percent with margin improvement of 180 bps YoY.”

Amarjyoti Barua, Group CFO, Mahindra & Mahindra said, “We delivered robust margin expansion across our businesses through focussed execution. We continue to meet our external commitments. We have also commenced on our capital investment plans in line with what we communicated in May’24.”

AstaGuru will showcase some of the world’s most coveted vintage and classic cars at its upcoming ‘Classics of Motoring’ auction, which will take place from 20 to 22 November 2024.

The auction will offer an exclusive collection of rare and meticulously curated vintage cars, providing a unique opportunity for collectors and automotive enthusiasts to acquire iconic pieces of automotive history.

The auction will feature an impressive lineup of vehicles, including a 1934 Rolls-Royce 20/25 Limousine, a 1946 Singer Nine Roadster, a 1946 Bentley Mark VI, a 1947 Lincoln Continental V12 Convertible and a 1948 Jaguar Mark IV, among others. These stunning machines, each a testament to the engineering marvels of their era, promise to transport bidders back in time, celebrating the golden age of motoring.

A Growing Market in India

AstaGuru’s Vintage and Classic Car Specialist, Muzammil Kazi, shared his insights on the evolution of the vintage car market in India. “We did our first auction in 2018, and it was a surprising success,” Kazi noted. “At the time, these cars weren’t available online or marketed in the way they are now. You’d have to go to a dealer or connect with a seller directly, which made it hard to find these rare cars. But our first auction was a hit, with all lots selling successfully.”

The vintage car market in India, according to Kazi, is far from saturated. “The market is 100 percent growing. These cars were imported to India in limited quantities, and you wouldn’t find brands like Ford or General Motors here in the same way as abroad. Cars like the Fiat, Ambassador, or old Maruti SS80 were more common, but the rare vintage gems we are showcasing today are difficult to find.”

Kazi also emphasised that the scarcity of such cars means the market still has significant potential for growth. “The cars we have on display today are curated from various collectors across India, and it’s very rare to see them come together in one auction,” he explained.

Safeguarding Online Bidders

AstaGuru’s online auction platform also ensures that bidders are fully protected throughout the process. “We have a strong set of terms and conditions for the cars we sell,” Kazi explained. “We only auction cars with up-to-date paperwork and in proper running condition. Once a car is sold, we ensure the buyer receives it only after the seller submits a No Objection Certificate (NOC), making the transaction smooth and secure.”

Record-Breaking Bids

The auction has seen some impressive bids in the past. Kazi highlighted one of the highest bids to date: a Mercedes-Benz 111 230S, which was estimated at INR 2.1 million but eventually sold for INR 6.8 million. Another standout was a Rolls-Royce, which had an estimated value of INR 7-8 million but sold for a remarkable INR 18 million.

A Rare Opportunity for Collectors

For classic car enthusiasts and connoisseurs, the ‘Classics of Motoring’ auction represents an unmissable opportunity to acquire some of the rarest and most beautifully restored vehicles in the world. With its rich history and pedigree, each car in the auction is a testament to the artistry and engineering excellence that defined its era. Whether a seasoned collector or a newcomer to the world of vintage automobiles, this event promises a truly memorable experience for all involved.

As the vintage car market continues to grow in India, AstaGuru is setting the stage for an exciting future for collectors and car lovers alike. The ‘Classics of Motoring’ auction is expected to draw attention from around the world, offering a rare chance to own a piece of automotive history.

Tata Motors-owned British luxury car brand Jaguar has unveiled its new brand identity, which it says recaptures an ethos to Copy Nothing that traces its roots back to the words of its founder, Sir William Lyons. 

The new identify is based on Exuberant Modernism, a creative philosophy, which the company says underpins all aspects of the new Jaguar brand world. 

Professor Gerry McGovern OBE, Chief Creative Officer, Jaguar, said, “Jaguar has its roots in originality. Sir William Lyons, our founder, believed that ‘A Jaguar should be a copy of nothing’. Our vision for Jaguar today is informed by this philosophy.  New Jaguar is a brand built around Exuberant Modernism. It is imaginative, bold and artistic at every touchpoint. It is unique and fearless. This is a reimagining that recaptures the essence of Jaguar, returning it to the values that once made it so loved, but making it relevant for a contemporary audience. We are creating Jaguar for the future, restoring its status as a brand that enriches the lives of our clients and the Jaguar community.”

The four symbols of change – Device Mark, Strikethrough, Exuberant Colours and Makers Marks - each representing the future design philosophy for the luxury carmaker.

Device Mark celebrates modernism through the geometric form, symmetry and simplicity.

Strikethrough sees the linear graphic generate a unique presence and an immediately recognisable visual for Jaguar.

The Exuberant use of colours marks a cornerstone of Jaguar’s new brand identity.

Makers Mark consists of the newly reimagined Jaguar ‘leaper’, which the luxury brand said is part of its mark of provenance. 

On 2 December 2024, Jaguar will present its first global public installation under its new brand philosophy at the Miami Art Week.

Rawdon Glover, Managing Director, Jaguar, said, “To bring back such a globally renowned brand we had to be fearless. Jaguar was always at its best when challenging convention. That ethos is seen in our new brand identity today and will be further revealed over the coming months. This is a complete reset. Jaguar is transformed to reclaim its originality and inspire a new generation. I am excited for the world to finally see Jaguar.”

Nissan Motor India, one of the leading passenger vehicles manufacturers, has started exporting the new Nissan Magnite SUV to South Africa, which is part of the company’s bigger export plans from the country.

Since the launch of the refreshed SUV in October 2024, Nissan has exported over 2,700 units of the Magnite to global customers. Till date, the SUV has gone home to over 150,000 customers globally since it was launched in December 2020.

Nissan is also looking to expand its total export footprint to more than 65 international markets now including Left-Hand Drive (LHD) markets.

Frank Torres, Divisional Vice-President - AMIEO Region Business Transformation & President, Nissan India Operations, said, “Ever since the Nissan Magnite’s launch in 2020, we have seen a resounding acceptance and demand from customers in the South African market for the Made-in-India compact SUV. Our focus on the domestic and export market both are crucial parts of our strategy to deliver outcomes in line with ‘The Arc and India remains a key part of the growth strategy for the company. The export of the new Nissan Magnite will further enhance India's position as an export hub and drive Nissan's growth in the AMIEO region, exemplifying Nissan India ‘One Car, One World’ philosophy.”

Jordi Vila, President, Nissan Africa, said, “We are delighted to receive the shipment of new Nissan Magnite SUVs from India and glad that they will be available for the local customers. With its bold aesthetics, enhanced safety and advanced tech features, catering to a wide range of preferences and customer needs, our customers in South Africa and other African markets are sure to like the new Nissan Magnite B-SUV.” 

Škoda Auto India has launched the all-new Kylaq Club, a membership programme designed to engage potential Kylaq buyers throughout their journey, right from discovering to booking and purchasing the SUV. Based on the company’s MQB-A0-IN platform, the Kylaq is India’s first-ever sub-4m SUV, which was announced in February 2024 and was unveiled globally on 6 November. The SUV is slated to go on sale in January 2025.

Kylaq Club members will have the advantage of making reservations at a discounted rate compared to other clients. Additionally, members have access to priority booking, gaining a two-hour edge over standard reservations when it opens on 2 December 2024. They also benefit from extra webcast sessions, factory tours and vouchers for accessories and value-added items. Customers simply need to sign up for the Kylaq Club on the company’s website. The registrations are already open and ends on 30 November 2024.

Petr Janeba, Brand Director, Škoda Auto India, said, “The Kylaq heralds a new era for Škoda Auto in India and is set to democratise European technology on Indian roads. At the world premiere of the Kylaq last week, we committed to introducing some special benefits for our prospective customers of Kylaq. And today is our first announcement – the launch of the Kylaq Club. This is our endeavour to make our customers feel extremely special and privileged and at the same time at home with the Škoda family, with numerous exclusive benefits including exclusive content, special offers and deeper insights, before the Kylaq enters their garage. Only members of the Kylaq Club will have exclusive priority booking for Kylaq, with a limited-time special offer, when it opens on 2 December 2024.”