Mahindra Electric Automobiles Limited (MEAL), a newly set-up subsidiary of Mahindra & Mahindra has unveiled a powerful and distinctive new visual identity for its forthcoming range of Born Electric Vehicles in an event held in Cape Town, South AFrica. The company has done so in the form of 'Vision Thar.e', an electric SUV concept that has been developed grounds up. 

Not an electric version of the Thar SUV with ICE that Mahindra sells currently, the 'Vision Thar.e' is a basis for a five-door e-SUV based on a new platform called the INGLO-P1. Offering a high ground clearance and superior off-road capability, the e-SUV born out of the concept is expected to have a strong supply of torque and power for powerful performance under diverse conditions including an ability to tow. 

In what could be termed as an unusual approach, an e-SUV that will be born from the ‘Vision Thar.e’ concept would have 75 sounds right from the opening of the door to the use of different modes, conceived masterfully in collaboration with music maestro and Padma Bhushan and Padma Shri recipient, AR Rahman. Mahindra & Mahindra has also collaborated with Dolby Laboratories to this effect. 

Symbolising a blend of revolutionary engineering, cutting-edge technology and environmental responsibility, the e-SUV – a modular construction that would use fabrics made of 50 percent recycled PET and carry a commitment to uncoated recyclable plastics – would encapsulate Mahindra's ambition to lead in the electric vehicle revolution, providing a clear and unique value proposition for modern, eco-conscious consumers. The Vision Thar.e-based e-SUV is expected to be launched in 2025. 

At the event held in Cape Town, South Africa, Mahindra & Mahindra also unveiled the Global Pik Up concept that is expected to fill into the shoes of the Scorop Getaway pick-up truck that was briefly sold in India and found a calling in various markets of the world such as Austalia and South Africa. 

The vehicle is based on the tough and versatile new generation ladder frame platform that is claimed to be currently doing duty on the Scorpio N. Crafted with a focus on toughness, versatility and capability, the pick-up truck will have Level-2 ADAS, immersive infotainment and more. 

Scoring high on safety with a 5-Star rating and having Trailer Sway Mitigation, All-Around Airbag Protection, and Driver Behaviour Monitoring, the pick-up truck with macho looks will employ an intelligent 4Xplore four-wheel-drive system. Featuring premium audio system, 5G Connectivity, a single-pane sunroof and a semi-auto parking, the pick-up truck will be powered by a 172 bhp, 2.2-turbodiesel engine coupled to a six-speed manual or a six-speed auto transmission. A petrol engine is also expected to be on offer as the vehicle nears commercial introduction. The company is expected to sell it in the ASEAN, Australian, South African markets among others. In India, the pick-up truck would compete with the Toyota Hi-Lux and Isuzu V-Cross. 

The Ojas tractor that Mahindra & Mahindra unveiled at the Cape Town function marks a future ready range of Global Light Weight 4WD Tractors developed in collaboration with Mitsubishi Mahindra Agriculture Machinery, Japan. Made in India and to be sold in various markets of the world, the tractor will come in seven variants. It will have first-in-category technology features based on Three Technology Packs – MYOJA (Intelligence Pack), PROJA (Productivity Pack) and ROBOJA (Automation Pack).  

Priced INR 564,500 (Pune) for the OJA 2127 and INR 735,000 (Pune) for the OJA 3140, the 4WD tractor line-up, positioned as Sub Compact, Compact and Small Utility platform, will have a power range from 20 hp to 40 hp. Alongside the introduction of the OJA range, Mahindra will enhance its network of over 1100 channel partners to enhance customer experience. The tractor line up will be made at Mahindra’s Zaheerabad plant in Telangana. 

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Vietnamese automaker VinFast Auto India has opened its largest showroom in the country in Chennai, Tamil Nadu. This marks the company’s first dealership in the state and is part of its plan to expand its retail presence across India.

The 4,700 sqft facility, located in Teynampet, is operated by Maansarovar Motors and will display VinFast's upcoming electric SUV models – the VF 6 and VF 7.

Pham Sanh Chau, CEO, VinFast Asia, said “Chennai’s legacy and its thriving ecosystem of innovation, skilled talent and advanced infrastructure make it a natural choice for VinFast’s first-ever dealership in Tamil Nadu, which is also our largest touchpoint across the country. With this dealership, we are proud to deepen our commitment to this dynamic city and bring our premium electric mobility solutions closer to discerning customers in Tamil Nadu. Chennai represents the spirit of progress and through our partnership with Maansarovar Motors, we aim to redefine the EV ownership journey – combining sustainability, technology and world-class service. This marks not just a retail milestone, but a meaningful step toward co-creating a greener, smarter, and future-ready India.”

As part of its expansion plans, the company aims to open 35 dealerships across 27 cities by end-2025. Pre-bookings for the VF 6 and VF 7 began on 15 July with a refundable booking amount of INR 21,000.

VinFast has partnered with RoadGrid, myTVS, and Global Assure to support charging infrastructure and after-sales services. It has also tied up with BatX Energies to promote battery recycling and develop a circular battery value chain.

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Maruti Suzuki India, the leading passenger vehicles manufacturer in the country, has reported its financial results for Q1 FY2026.

The company sold a total of 527,861 vehicles, which comprised 430,889 units in the domestic market and 96,972 units exported. This translated to a sales decline of 4.5 percent in the domestic market, while exports grew by 37.4 percent compared to a year ago.

Maruti Suzuki India’s reported registered net sales of INR 366.2 billion, up 8.11 percent YoY, as compared to INR 338.7 billion last year. The net profit came at INR 371 billion, up 1.7 percent, as compared to INR 364.9 billion last year.

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Hyundai Motor India, one of the leading passenger vehicle manufacturers in the country, has reported its financial performance for Q1 FY2026.

The company’s revenue came at INR 164.129 billion, down 5.36 percent YoY, the EBITDA came at INR 21.85 billion, down 6.62 percent YoY, while net profit at INR 13.69 billion was down 8 percent YoY.

Unsoo Kim, Managing Director said, “We continued our stated strategy of ‘Quality of Growth’ in the first quarter of FY 2026 with balance between domestic & exports, market share and profitability. This strategy helped us to sustain strong EBITDA margin of 13.3 percent during the quarter, despite tough macro-economic environment. Moving forward, we anticipate gradual recovery in domestic demand sentiments, driven by onset of monsoon & festive season coupled with government policy measures, while on the exports front, we are confident to maintain a positive momentum, in line with our growth commitments.”

Hyundai Motor India’s performance was affected by a slowdown in its overall volumes both in domestic and exports markets. Factors such as intensifying competition, geopolitical situation and tariff confusion have affected demand.

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Mumbai-headquartered SUV major Mahindra & Mahindra has reported a 24 percent YoY increase in consolidated net profit to INR 40.83 billion for Q1 FY2026, supported by strong performances across its automotive, farm and services businesses.

The consolidated revenue grew 22 percent to INR 455.29 billion in Q1 FY2026, while return on equity stood at 20.6 percent.

During the quarter, the company increased its revenue market share in the SUV segment to 27.3 percent, its LCV market share (up to 3.5 tonnes) to 54.2 percent, and its tractor segment market share to 45.2 percent.

The standalone automotive business recorded a 31 percent increase in revenue to INR 259.99 billion, with profit before interest and tax (PBIT) up 24 percent to INR 22.21 billion. SUV volumes reached 152,000 units, contributing to total vehicle sales of 247,249 units.

The farm equipment sector saw revenue rise 12 percent to INR 108.92 billion, with PBIT up 21 percent at INR 18.19 billion. Tractor volumes grew 10 percent to 132,964 units and standalone PBIT margins improved by 130 bps to 19.8 percent.

In the services segment, Mahindra Finance’s assets under management rose 15 percent, while Tech Mahindra’s EBIT margin increased by 260 bps to 11.1 percent, with a 34 percent jump in net profit.

Dr. Anish Shah, Group CEO & Managing Director, M&M, said, “Q1 FY2026 has been an excellent quarter, with broad-based growth across all our businesses. The operating excellence in our Auto and Farm businesses is evident in continued market share gains and margin expansion. TechM is witnessing momentum on deal wins, sustaining cost discipline and is moving steadily towards its FY2027 margin objectives. MMFSL’s calibrated approach to growth is manifesting in stable asset quality, with GS3 under 4 percent as committed. Our Growth Gems are progressing well on their value creation journeys.”

Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), M&M, said, “Our Auto and Farm businesses continue to lead with strong momentum in Q1 FY2026, with gain of 570 bps YoY in SUV revenue share, and 340 bps YoY in LCV (<3.5T) market share. In Tractors, we gained 50 bps YoY to reach 45.2 percent market share, the highest ever in a quarter. Our Auto Standalone PBIT margin (excl. eSUV contract mfg.) improved by 50 bps to 10 percent and core Tractor PBIT margins improved by 100 bps to 20.7 percent.”

Amarjyoti Barua, Group Chief Financial Officer, M&M, said, “We are pleased with the performance of the group in the quarter, despite several macro challenges including geo-political disruptions. It demonstrates the resilience of the group. With our continued focus on capital discipline & operational metrics, we remain committed to shareholder value creation.”

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