Nissan Motor India has launched the new Magnite compact SUV at an introductory price of INR 599,000. The Magnite is one of the most successful products for the Japanese automaker in India, which recently surpassed cumulative sales of more than 150,000 units.

The model had first marked its debut in December 2020.

The Magnite builds on its earlier success and now gets redesigned LED Headlamps with lightsaber-style turn indicator, LED taillamps with 3D Gradient ‘honeycomb’ pattern. It continues to retain Magnite’s signature L-shape Daytime Running Lights (DRL).

The new model boasts a new floating uplifted skid plate at front, bigger grille, all new-dual-tone R16 Diamond Cut Alloy wheel, functional roof rails (50kg capacity).

On the inside the Magnite comes loaded with more than 20 first features including premium quilted leatherette seat with Heat Guard Tech, continuous multi colour ambient light with memory function, plasma cluster air ionizer, new global smart key with remote engine start (60m range), Walk Away Lock (WAL) & Approach Unlock (AUL) function, biggest electronic bezel-less auto dimming IRVM, Full LED Exterior pack including LED Headlamp, LED Taillamp, LED Day time Running Light, LED Indicator, and LED Front Fog Lamp.

The new model also features Around View Monitor, 17.78-cm full-digital advanced multi-functional cluster with dark theme, floating 20.32 cm (8) touchscreen infotainment system with Wireless Android Auto & Apple CarPlay, 3D sound by Arkamys, and cruise control.

Along with these, the New Nissan Magnite also provides consumers with a option of a unique tech pack which has a dashcam, wireless charger, premium speakers (JBL powered by Harman), puddle lamps and LED scuff plates.

In terms of safety, the Japanese automaker states it has incorporated over 40 standard active and safety feature and more than 55 total safety features. These include: 6 Airbags (2 Front Airbags/2 Side Airbags/2 Curtain Airbags), Vehicle Dynamic Control (VDC), Traction Control System (TCS), Hill Start Assist (HAS), Hydraulic Brake Assist (HBA), Anti-Lock Braking System (ABS), Electronic Brake-force Distribution (EBD), Tyre Pressure Monitoring System (TPMS).

It also gets 3 point seat-belt for all seats, seat-belt reminder for all seats, child lock, ISOFIX child seat anchorages, and rear parking sensor now coming as standard fitment across all variants - ensuring that every journey is not just comfortable, but more secure than ever. The Nissan Magnite is complemented with improved body structure with 67 percent advanced and High Tensile Strength Steel.

In terms of engine options, the Magnite facelift continues to be powered by the over the 72hp, 96Nm, 1.0-litre NA petrol and 100hp, 160Nm engine options. A 5-speed manual gearbox is standard across both. Customers can also opt for 5-speed AMT and a CVT option for the turbo-petrol engine. The Magnite compact SUV comes with a claimed fuel efficiency of 20kpl for the manual and 17.4kpl for CVT turbo variants.  

The new Nissan Magnite can be had in 11 body colours, 6 monotone and 5 dual-tone available – all expertly created and crafted to suit customer tastes and ensure their car is as unique as they are. 

Furthermore, the company is also expanding its export footprint to 47 new markets taking the total export footprint to over 65 international markets now including Left-Hand Drive markets.

Frank Torres, Divisional Vice-President – AMIEO Region Business Transformation & President, Nissan India Operations said, "India has a critical role in our global strategy and we are glad to roll out the Magnite from our Chennai facility to more markets across the globe. It not only strengthens our export goal but also cements our customer-first philosophy. The Nissan Magnite's success since its 2020 launch, both in India and international markets, embodies the enduring value of our 'One Car, One World' philosophy."

Saurabh Vatsa, MD, Nissan Motor India said, "The Magnite has redefined market expectations, earning unwavering customer loyalty and setting new standards in the segment. The new Magnite delivers value on all fronts- safety, premium features, with a powerful yet efficient CVT Turbo powertrain. This launch showcases our unwavering commitment to excellence and plays a pivotal role in our product offensive approach for the country. We are grateful for the love and trust shown by customers in India and thank them for making the Magnite a resounding success in the country. We are confident that the New Nissan Magnite will also resonate with international customers in the same way."

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American electric vehicle maker Tesla has appointed Sharad Agarwal, former Chief Business Officer of Classic Legends, as its new business head, according to a report by Bloomberg.

The report further stated that Agarwal joined the EV maker a week ago and is tasked to drive sales for Tesla in India, which as per industry observers, has not performed as per the company’s expectations.

Agarwal, an automotive industry veteran, had begun his career with TVS Motor Co as Area Sales Manager in December 2002, before joining Mahindra First Choice Wheels as its Business Head for North and Eastern region in March 2007.

It was in January 2013, he moved to Audi India as the head of Sales, before taking over as the head of Lamborghini India in April 2016, where he spent almost 9 years, before joining Classic Legends.

During his tenure at Lamborghini, the Italian super luxury car maker saw its dealerships across India achieved a Return on Sales (RoS) of more than 10 percent, setting a new benchmark for the automotive business in the country. He also grew India’s ranking for the automaker as the third market globally in terms of PR visibility in 2021.

He also expanded Lamborghini India’s reach to over 60 cities, with sales volumes from Tier 2 and Tier 3 cities contributing more than 25 percent of the total.

Tesla, which formally started deliveries in September 2025 with its first dealership in Mumbai and the second facility in Delhi, has till date delivered 114 vehicles, of the estimated 600-plus bookings.

File photo for representational purposes only.

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Mumbai-headquartered business conglomerate Mahindra & Mahindra has announced its financial results for Q2 FY2026 with consolidated Revenue reaching INR 461 billion, marking a 22 percent YoY growth.

The consolidated Profit After Tax (PAT) stood at INR 36 billion, a 16 percent increase YoY. The company stated that, excluding specific one-time impacts, PAT growth was 28 percent YoY.

Mahindra’s Auto business reported sales of 262,000 vehicles, up 13 percent, which includes around 146,000 SUV sales. This translated to a revenue of INR 271 billion, up 25 percent YoY, while net profit came at INR 15 billion, up 8 percent YoY.

On the other hand, the farm sector reported its highest ever Q2 market share at 43 percent with sales of 123,000 units, up 32 percent YoY. The revenue came at INR 102 billion, up 25 percent, while consolidated net profit came at INR 11 billion, up 45 percent YoY.

Dr. Anish Shah, Group CEO & Managing Director, Mahindra & Mahindra, said, “We are pleased with the strong execution and solid performance delivered across the group in Q2 FY2026. Auto and Farm sustained their leadership with consistent gains in market share and profitability. TechM is progressing well on its transformation journey. MMFSL achieved a 45 percent PAT growth and remains committed to quality growth and digital transformation. Our Growth Gems are steadily advancing towards their ambitious goals, reinforcing our long-term value creation potential.”

Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), Mahindra & Mahindra, said, “Strong performance of our Auto and Farm businesses continues in Q2 FY2026 reinforcing our leadership position, with a gain of 390 bps YoY in SUV revenue share, and 100 bps YoY in LCV (< 3.5T) market share. In Tractors, we gained 50 bps YoY to reach 43 percent market share. Our Auto Standalone PBIT margin (excl. e-SUV Contract Mfg.) improved by 80 bps to 10.3 percent and core Tractor PBIT margins improved by 190 bps to 20.6 percent.”

Amarjyoti Barua, Group Chief Financial Officer, Mahindra & Mahindra, “Our solid Q2 consolidated results reflects the strength of our diversified portfolio. We continue to deliver on our strategic priorities. We had strong cash generation in the first half, delivering over INR 100 billion of operating cash flow. We remain committed to sustainable growth and value creation.”

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Hyundai Motor India Limited has globally launched the all-new Hyundai Venue and Hyundai Venue N Line, revising its popular compact SUV with prices starting INR 789,900 (ex-showroom).

The new Venue SUV is built on Hyundai’s Global K1 enhanced Platform. It has dimensions of 3,995 mm (Length), 1,800 mm (Width), 1,665 mm (Height) and a 2,520 mm Wheelbase.

The vehicle introduces the Connected Car Navigation Cockpit (ccNC) system, which NVIDIA accelerates. Technology includes Dual 62.5 cm (12.3-inch + 12.3-inch) curved panoramic displays and a 31.24 cm (12.3-inch) ccNC Navigation system. Up to 20 controllers are capable of Over-the-Air (OTA) vehicle updates.

Safety features include 6 airbags and Hyundai SmartSense ADAS Level 2 with 16 features. It is available with three powertrain options: Kappa 1.2-litre MPi petrol (5-speed manual transmission), Kappa 1.0-litre Turbo GDi petrol (6-speed manual or 7-speed DCT transmission) and U2 1.5-litre CRDi Diesel (6-speed manual or 6-speed automatic transmission).

The N Line is available in two variants, N6 (MT/DCT) and N10 (DCT). It is powered by the Kappa 1.0-litre Turbo GDi petrol engine. This engine delivers 88.3 kW (120 PS) and 172 Nm of maximum torque. Transmission options are a 6-speed manual or a 7-speed DCT. The vehicle includes paddle shifters, traction control modes and drive mode select. Technology features include the 31.24 cm (12.3-inch) ccNC Navigation system accelerated by NVIDIA, and up to 20 vehicle controllers capable of over-the-air (C-OTA) updates. For safety, the N Line is equipped with ADAS Level 2 with 21 features and over 70 advanced safety features. It features disc brakes on both the front and rear axles.

Unsoo Kim, Managing Director, Hyundai Motor India Limited, discussed the company's deep commitment to the Indian market, confirming an investment of over INR 450 billion. He noted that the all-new Hyundai Venue is the first product from the new Pune manufacturing plant and the first of 26 products planned by 2030.

"At HMIL, our commitment to India runs deep. We have recently announced an investment of over INR 450 billion, reaffirming our long-term vision for this vibrant market. The all-new Hyundai Venue marks the beginning of an exciting new chapter and it is the first product to roll out from our state-of-the-art Pune manufacturing plant and the first among the 26 products we plan to introduce by 2030. The launch of the all-new Hyundai Venue and Hyundai Venue N Line represents a significant milestone in our journey of automotive excellence," said Kim.

Tarun Garg, Whole-Time Director & COO, Hyundai Motor India, highlighted the Venue's strong market presence, with over 700,000 units sold and a consistent top-three position among compact SUVs in India. He confirmed that the all-new Hyundai Venue will be manufactured exclusively in India for global markets, supporting the 'Make in India for the World' vision.

"Since its debut in 2019, the Hyundai Venue has been one of the most successful nameplates in our SUV lineup, with over 700,000 units sold and a consistent position among the top three compact SUVs in India. Venue has played a pivotal role in strengthening Hyundai's SUV leadership and shaping our identity as a progressive and customer-centric brand. Preferred by young, aspirational working professionals who seek performance, Hyundai Venue has become a symbol of dynamic urban mobility and spirited individuality. With the launch of the all-new Hyundai Venue and Venue N Line, we are taking this success story to the next level. The new Hyundai Venue embodies disruptive design, advanced technology, superior safety and exhilarating performance, setting new benchmarks in the compact SUV segment. It also marks a proud moment for Hyundai Motor India, as the all-new Hyundai Venue will now be exclusively manufactured in India for global markets a true testament to the 'Make in India for the World' vision and the growing role of HMIL in Hyundai Motor Company's global strategy," said Garg.

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French automotive major Renault Group and Chinese automaker Geely have executed agreements to extend their strategic cooperation, focusing on the production and sales of zero and low-emission vehicles by Renault do Brasil for both the Renault and Geely Auto brands in the country.

As part of the agreements, Geely has acquired 26.4 percent stake in Renault do Brasil. Renault Group will remain the majority shareholder and continue to consolidate the entity in its accounts. As a minority shareholder, Geely gains access to the Brazilian industrial and commercial resources, which should accelerate its expansion in the region.

Renault do Brasil will produce Geely Auto-branded vehicles alongside Renault vehicles at the Ayrton Senna plant in Sao Jose dos Pinhais, Parana. This joint production is expected to increase output and sharpen the industrial complex's competitiveness.

Renault will utilise Geely's GEA new energy architecture to expand its zero and low-emission vehicle line-up for the Brazilian market.

Renault do Brasil will distribute Geely Auto's portfolio of zero and low-emission vehicles in Brazil, including the Geely EX5 electric SUV, opening up new growth opportunities in sales, financing, and services.

Francois Provost, CEO, Renault Group, said, “The partnership we are announcing today with Geely in Brazil marks a decisive step forward in our international strategy. It establishes an agile cooperation founded on industrial excellence and technological leadership. Once again, combining our strengths will make us more competitive, more innovative and more responsive in a fast-evolving automotive market.”

Eric Li, Chairman, Geely Holding Group, said, “Our continued cooperation with Renault in exploring new markets and new opportunities will make for a win-win scenario as both Renault and Geely are able to leverage technology scales on a global level to bring the best products to market.”

The cooperation aims to enhance both companies' presence in Brazil, a market that accounts for over 40 percent of vehicle registrations in Latin America in H1 2025. The two groups have previously collaborated on projects including joint investment into Renault Korea and the creation of Horse Powertrain.

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