Buying the Renault Kwid, Triber and Kiger in 2024 has become exciting with the French automaker Renault giving them a facelift in terms of cosmetics as well as functions. The company has also announced that it will launch five new products over the next three years.
The announcement comes within a few months of the new Duster compact SUV breaking cover in Europe. Of the five new products scheduled to be launched over the next three years, the first is said to be the Duster therefore (Read more about this in the January-February 2024 issue of Motoring Trends). The earlier generation vehicle was discontinued sometime back as it eventually lost traction in an increasingly competitive market.
To realise its ambitions in India which is a highly competitive auto market in the world and showing good growth, Renault it is not surprising to learn will invest part of the Eur 3 billion it has earmarked in India as one of its four key international destinations.
Other than the likelihood of Duster, the five new launches will include the next generation avatars of the Kiger and Triber. These will carry substantial local content and manufacturing prowess as part of the 'Make in India' strategy.
With a manufacturing plant at Oragadam, Chennai, Renault in India also has a logistics and technology centre other than a design studio in Mumbai. As part of its commitment to the Indian market, the French automaker – present in India through the Renault Nissan Alliance that was put in place by the erstwhile CEO Carlos Gohn – has enhanced the existing Kwid small car range for 2024 by introducing three new dual-tone exterior body colours. The vehicle also gets eight-inch touchscreen Media NAV system on the RXL(O) variant, The addition of RXL(O) Easy-R AMT variant means the Kwid is now available with an AMT transmission as well.
The 2024 Triber gets driver seat armrest, powerfold outside rear-view mirrors (ORVM), seven-inch TFT instrument cluster, wireless charger and new Stealth Black body colour. The RXT variant gets a rearview camera and a rear wiper. The RXL variant gets rear AC vents with dedicated AC control for the second and third rows. Besides LED cabin lamps, the Triber gets a PM2.5 air filter and rear seatbelt reminder. The Triber is already available with AMT transmission.
The stylish Kiger gets luxurious semi-leatherette seats, leatherette steering wheel, a welcome and goodbye sequence with auto fold outside rear-view mirrors (ORVM) and bezel-less autodim inside rear-view mirror (IRVM). On the turbo engine variant, the rear brake callipers are painted red. Available with an AMT transmission already, the vehicle gets auto AC, powerfold ORVM, cruise control, LED cabin lamps on all the variants.
To its Indian customers, Renault is offering two years standard warranty and seven years extended warranty on the 2024 vehicle range.
Venkatram Mamillapalle, Country CEO and Managing Director, Renault India Operations, said, “Over the next three years, we are set to embark on an exhilarating journey with five product launches, encompassing both entirely new models and the next generation from our current product range. This significant stride forward is not only a testament to our commitment but also marks the introduction of the all-new Renault brand identity to the Indian market. Our primary goal is to deliver exceptional value, create delightful experiences, and evoke a renewed sense of pride among Renault owners.”
VinFast’s Inaugurates Its Largest Showroom In India In Chennai
- By MT Bureau
- August 02, 2025
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.
Maruti Suzuki India Reports INR 37.11 Billion Net Profit For Q1 FY2026
- By MT Bureau
- August 01, 2025
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.
Hyundai Motor India Reports INR 13.69 Net Profit For Q1 FY2026, Down 8%
- By MT Bureau
- July 30, 2025
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.
Mahindra's Q1 FY2026 Net Profit Rises 24% To INR 40.83 Billion
- By MT Bureau
- July 30, 2025
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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