VinFast India Partners Tata Capital To Strengthen Dealer Financing Ecosystem
- By MT Bureau
- June 19, 2026
VinFast Auto India, a subsidiary of the global electric vehicle (EV) brand VinFast, has signed a Memorandum of Understanding (MoU) with Tata Capital to establish a comprehensive auto and inventory financing framework for its exclusive dealer network.
The partnership is structured to provide VinFast’s retail partners with customised credit lines to manage working capital requirements, optimise inventory volumes and fund physical network expansion as the brand establishes its commercial footprint in India.
The collaboration bridges VinFast's entry into the Indian automotive space with the expansive fiscal network of Tata Capital, which ranks as India's third-largest non-banking financial company (NBFC).
The dealer financing agreement functions as an operational anchor for VinFast’s broader strategy to build a self-sustaining electric vehicle ecosystem in India. Furthermore, to alleviate consumer hesitation regarding EV depreciation curves, VinFast is launching structural assured resale value programs.
It was just recently that VinFast announced an extension of its free charging program across the V-Green charging network, which will remain active for owners until 31 March 2029.
Tapan Ghosh, CEO, VinFast India, said, “VinFast India is pleased to partner with Tata Capital, one of the most trusted financial services providers in the country, in a collaboration that reflects our shared commitment to advancing electric mobility in India. This partnership will enable us to offer comprehensive financing solutions for our dealer network, thereby supporting greater accessibility, operational ease and long-term growth for the brand. We are confident that their strong pan-India presence and financial expertise will play an important role in enhancing the ownership journey for our customers and partners.”
Narendra Kamath, COO - SME Finance, Tata Capital, said, "India’s transition to electric mobility is gathering significant momentum, creating a growing need for innovative and scalable financing solutions. Through our partnership with VinFast, we aim to empower dealers with tailored financing support that enables business growth and operational efficiency. Together, we are committed to strengthening the EV ecosystem and accelerating the adoption of sustainable mobility across the country."
Lexus ES 350h Executive Sedan Launched At INR 6.61 Million In India
- By MT Bureau
- August 31, 2026
Japanese luxury car brand Lexus India has launched the self-charging hybrid ES 350h executive sedan, introducing the eighth-generation iteration of its core model line at prices starting INR 6.61 million for the Exquisite variant, going up to INR 7.18 million for the Luxury variant (ex-showroom).
Manufactured in India, the ES 350h shares its underlying platform with the battery-electric ES 500e and gets an updated 2.5-litre inline four-cylinder engine paired with an electric motor, an integrated power control unit eAxle and a lithium-ion battery pack. The IC-engine generates 139 kW at 6,000 rpm and 237 Nm of torque between 3,600 and 5,000 rpm, while the electric motor produces 119.1 kW. It achieves a claimed certified fuel efficiency rating of 25.22 kilometres per litre.
The ES 350h measures 5,145 mm in length, 1,920 mm in width and 1,575 mm in height, with a 2,950 mm wheelbase. On the outside, it gets daytime running lamps (DRL) integrated into turn indicators and rear lighting positioned on the outer body edges.
On the inside, the cabin features a 14.0-inch touchscreen multimedia interface and hidden switches built directly into the interior surfaces. Active safety features are provided through the Lexus Safety System+ suite, which includes pre-collision detection, radar cruise control, lane tracing assist and emergency braking systems.
Hikaru Ikeuchi, President, Lexus India, said,"Today marks a significant milestone for Lexus in India as we launch the All-New ES 350h. Building on the immense success of its predecessors, this launch reflects our long-term commitment and continued efforts to deliver vehicles of world-class quality tailored to the needs of our guests in India. Manufactured in India, the All-New ES 350h embodies our multi-pathway approach to sustainable mobility, seamlessly blending advanced technology, exceptional ride quality, and luxury. Renowned for its Takumi craftsmanship and inspired by the spirit of Omotenashi hospitality, it offers an elevated experience defined by comfort, innovation, and meticulous attention to detail. As the lifestyles and landscape continues to evolve, we remain committed to delivering vehicles that inspire confidence, enrich lifestyles, and contribute to a more sustainable future. We are confident that the All-New ES 350h will set new benchmarks in its segment, further strengthen the Lexus brand in India, and exceed the expectations of our guests."
The ES 350h comes with an eight-year or 200,000-kilometre warranty for both the car and its hybrid battery pack.
Stellantis India Delivers 125 Vehicles Across Kerala During Onam
- By MT Bureau
- August 27, 2026
Stellantis India completed the delivery of 125 Citroen and Jeep vehicles to customers across Kerala to coincide with the Onam festival. The handover involved models from both brand portfolios across the company's regional dealership network.
The deliveries encompassed Citroen models including the Basalt, Aircross, C3 and e-C3, alongside Jeep vehicles including the Compass, Meridian and Wrangler.
Kumar Priyesh, Business Head and Director of Automotive Brands, Stellantis India, said, "Onam is a festival that celebrates togetherness, prosperity and new beginnings, making it a particularly meaningful occasion for customers taking delivery of their new vehicles. We are delighted to celebrate this festive season with 125 Citroen and Jeep customers across Kerala as they begin a new chapter in their mobility journey. The overwhelming response reflects the trust customers place in our brands and our commitment to delivering products that resonate with diverse customer aspirations. Whether it is the adventurous spirit of Jeep or the comfort-centric philosophy of Citroën, both brands are united by a common focus on creating memorable ownership experiences."
The initiative was executed in partnership with local dealer networks across the state, incorporating specific delivery handovers for individual buyers during the holiday period. The volume of handovers reflects ongoing demand across both product lines, which target different vehicle market segments ranging from urban commuters to off-road users.
- JSW MG Motor India
- MG Hector Tomahawk
- Advanced Drive Architecture Platform Technology
- ADAPT
- BaaS
- New Energy Vehicle
- NEV
- PHEV
- Plug-in Hybrid Electric Vehicle
- Parth Jindal
- JSW Group
- Anurag Mehrotra
JSW MG Motor India Launches Hector Tomahawk EV And PHEV Models At INR 1.39 Million
- By MT Bureau
- August 26, 2026
JSW MG Motor India, one of the leading passenger vehicle manufacturers, has launched the Hector Tomahawk, the first vehicle built on its Advanced Drive Architecture Platform Technology (ADAPT) platform, with prices starting at INR 1.39 million plus INR 4.90 per km Battery Rental for the Battery-as-a-Service (BaaS) model.
The platform serves as the company's multi-new energy vehicle system in India, supporting both electric vehicle and plug-in hybrid electric vehicle powertrains.
The Hector Tomahawk EV features a 69.2 kWh battery pack paired with an electric motor delivering 150 kW of power and 310 Nm of torque, yielding a certified range of 517 kilometres. The PHEV variant combines a 1.5-litre petrol engine, a dedicated hybrid transmission and a 20.5 kWh battery pack, offering a pure-electric range of over 115 kilometres and a combined range exceeding 1,100 kilometres. It also incorporates vehicle-to-home energy transfer capabilities.
The SUV measures 4,745 mm in length, 1,850 mm in width and 1,770 mm in height, with a 2,810 mm wheelbase and 230 mm of ground clearance at the battery. On the inside, it gets the largest in its segment, a 15.6-inch touchscreen display, an 8.8-inch multi-information display, a panoramic glass roof, Level 2 assistance systems and standard six airbags across all variants.
The Hector Tomahawk PHEV can be had for INR 2.17 million plus INR 3.20 rupees per kilometre battery rental.
For customers looking for an outright purchase, the Hector Tomahawk can be purchased for INR 1.94 million for the EV model and INR 2.56 million for the PHEV model. The deliveries will begin in September 2026 for the EV variant, while PHEV deliveries are scheduled to commence in November 2026.
Parth Jindal, Director, JSW MG Motor India, said, "The Hector Tomahawk represents a significant milestone in our journey toward building a sustainable mobility ecosystem in India. We remain focused on bringing the world's-best available technologies and environmentally responsible solutions to Indian consumers, while supporting the country's transition to cleaner transportation. The introduction of the Hector Tomahawk EV and the Hector Tomahawk PHEV, India's first plug in hybrid electric vehicle (PHEV)^, reflects our commitment to offering a diverse portfolio of new-age mobility solutions that address evolving customer needs and driving patterns.”
Anurag Mehrotra, Managing Director, JSW MG Motor India, said, "The future of mobility will not be defined by a single technology solution but by providing customers the freedom to choose the pathway that best suits their needs. We recently introduced India's First Multi New Energy Vehicle Platform – ADAPT as the foundation for our next generation of products. Today, the Hector Tomahawk becomes the first SUV to bring that vision to life. By offering both EV and Plug-in Hybrid technologies, we are democratising sustainable mobility while addressing the diverse requirements of Indian consumers. The Hector Tomahawk combines intelligent technology, advanced safety, premium comfort and electrified performance, reaffirming our commitment to developing future-ready products for a rapidly evolving automotive landscape."
MINI India Launches Customisation Programme
- By MT Bureau
- August 26, 2026
German luxury brand BMW Group-owned MINI India has launched Mod My MINI, a vehicle customisation programme for Cooper and Countryman models. The initiative enables owners to alter both new and existing vehicles through factory-supported upgrades.
The programme provides options to modify components, including the roof, mirror caps, spoilers and brake calipers. Customers can select from a catalogue featuring over 100 paint shades, thematic decals and original accessories, yielding up to 2.5 million potential configurations.
Hardeep Singh Brar, President and CEO, BMW Group India, said, “MINI has never been just a mode of transport; it is a declaration of personal style. We firmly believe that no two MINIs on the road should look the same, which is why the 'Mod My MINI' programme puts the design canvas directly into the hands of our owners. True luxury is defined by the freedom to choose, and by offering this unprecedented tier of factory-backed customisation, we ensure that every driver can define their vehicle's identity entirely on their own terms. Ultimately, small changes drive a big personality, making your driving experience as completely unmatched as your fingerprint.”
Decals applied through the programme carry a 24-month warranty from the installation date. The service is available across MINI India’s 17 sales touchpoints in 16 cities, with vehicle servicing integrated into the broader BMW Group India network spanning 51 locations.

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