Latest news with #Scorpio-N
India Today
6 days ago
- Automotive
- India Today
Hyundai back in third spot with 58,701 units sold in May 2025
Hyundai Motor India Limited (HMIL) reported total monthly sales of 58,701 units in May 2025, comprising 43,861 domestic units and 14,840 export units, back at the third position in India's domestic passenger vehicle market after a three-month stint in fourth domestic sales of 43,861 units in May edged out Tata Motors' 41,557 units by a margin of approximately 2,300 units, marking a return to third spot after being overtaken by Mahindra and Tata Motors from February to April 2025. This recovery comes despite a scheduled biannual maintenance shutdown at HMIL's Chennai manufacturing facility, which impacted the availability of key models, according to Tarun Garg, Whole-time Director and Chief Operating Officer, total sales volume for May 2025 stood at 58,701 units,' Garg said. 'May is a month of our routine week-long biannual maintenance shutdown, which affects the availability of a few critical models. We remain optimistic about a steady increase in demand for both domestic and international shipments, supported by reduced geopolitical uncertainties and an improving macroeconomic environment.' While Hyundai secured third place in domestic sales, its export performance of 14,840 units helped it maintain the overall second position in India's passenger vehicle market, with total sales surpassing Mahindra's 54,819 units (including 2,388 export units). Hyundai's Chennai facility continues to serve as a major manufacturing hub for global markets,Mahindra emerged as the clear second-largest player in the domestic market, recording 52,431 units sold—a 21% year-on-year growth. The company's SUV-focused strategy, with models like the Scorpio-N, XUV700, and Thar, has capitalised on India's growing preference for utility vehicles, establishing a significant lead over Hyundai and Tata May 2025 rankings highlight the intensifying competition in India's passenger vehicle market. Maruti Suzuki continues to lead with an estimated 40% market share, while Mahindra's domestic share likely exceeds 15%. Hyundai and Tata Motors are vying for 12-13% market share, with Hyundai's diverse portfolio—including the Grand i10, Creta, and Venue—helping it regain Motors, despite its leadership in electric vehicles and strong SUV offerings like the Nexon and Harrier, faced an 11% year-on-year decline, slipping to fourth place domestically. The narrow gap between Hyundai and Tata underscores the fluid nature of the market, where monthly performance significantly influences competitive to Auto Today Magazine
India Today
15-05-2025
- Automotive
- India Today
Mahindra's drive from strength to strength as SUV segment booms
Amid a robust demand for its sport utility vehicles (SUVs), homegrown auto major Mahindra & Mahindra ended FY25 with record domestic volumes of over 5,50,000 units. The company began FY26 on a handsome note, selling more than 50,000 units in April. With the SUV segment flourishing at a time when the XUV700-maker has announced further capacity expansion, the future seems bright for the company, according to sector registered its highest-ever passenger vehicle (PV) volumes at 5,51,487 units in FY25, logging a growth of 19.92% over 4,59,877 units sold in FY24. In April FY26, the company emerged as the second-largest carmaker in the domestic market, beating the likes of Hyundai Motor India and Tata Motors, as sales rose 27.61% to 52,330 units from 41,008 units in the year-ago Domestic PV SalesFY25FY24Growth5,51,487 units4,59,877 units19.92%Source - SIAMApril FY26April FY25Growth52,330 units41,008 units27.61% Source - SIAMMahindra sells SUVs like the Bolero, Bolero Neo, XUV 3XO, Thar, Thar Roxx, Scorpio Classic, Scorpio-N and XUV700. While all these are internal combustion engine (ICE) models, the company's battery electric vehicle (BEV) portfolio includes the XUV400, BE 6 and XEV FY25, the Scorpio brand, including Classic and N, was the company's volume driver at 1,64,216 units, followed by the XUV 3XO at 1,00,921 units and the XUV700 at 93,082 SUV segment's share in the PV market rose from 50.49% in FY24 to 54.34% in FY25. A sector analyst told India Today that the SUV contribution might grow further as consumer preference shifts towards larger about Mahindra SUVs, another sector analyst observed that consumers like them not only for their commanding road presence but also for their feature-rich interiors. Models like the XUV700, Thar Roxx, and Scorpio-N look masculine and offer a range of bells and whistles and powertrain options, he said, adding that impressive volumes have also been aided by attractive discounts in the recent regular capacity expansion by Mahindra has also allowed it to bring down the waiting period on its SUVs. For reference, the company ended FY23 with a monthly SUV production capacity of 39,000 units. In FY25, the capacity increased to 54,000 units for SUVs and 7,500 units for BEVs, cumulatively being at 61,500 FY26, Mahindra will enhance the SUV capacity to 57,000 units a month (addition of 3,000 units) and the BEV capacity to 12,000 units a month (addition of 4,500 units), cumulatively taking the capacity to 69,000 units a to Auto Today MagazineMust Watch
India Today
21-04-2025
- Automotive
- India Today
R Velusamy to head Mahindra's auto business, Veejay Nakra to lead farm equipment
In a major senior leadership rejig at Mahindra Group, R Velusamy has been appointed as President of the automotive business, while Veejay Nakra is set to lead the farm equipment business as its was earlier the Automotive Division President, while Velusamy was the Automotive Technology and Product Development President. Both Nakra and Velusamy will continue to report to the Executive Director and Auto and Farm Sector CEO Rajesh replaces Hemant Sikka, who has been appointed as the MD and CEO of Mahindra Logistics following the departure of CEO Ram Swaminathan. "These leadership changes ensure that we have strong, proven leaders at the helm of our key businesses. Their experience will enable us to drive significant growth and create greater value for our customers and shareholders. We thank Ram for his contributions to the company, and wish Hemant, Veejay, and Velu the very best for the journey ahead," Mahindra Group CEO and Managing Director Anish Shah said in an official will also integrate the SUV and LCV (less than 3.5 tonne) businesses under the Automotive Business President, Velusamy. "This would help build greater agility and collaboration, both in engineering our products and taking them to market. The role would have end-to-end responsibility of all functions within the auto business with P&L delivery," the statement Mahindra in 1996, Velusamy was instrumental in the development and successful launch of several internal combustion engine (ICE) and electric vehicle (EV) models of the to Mahindra, the return on capital employed (ROCE) of the farm equipment business is over 60%. Its new President, Nakra, joined Mahindra in 1995 and led several successful launches, including the Scorpio-N and the Thar, in his previous role. He also played an important role in building the company's manufacturing capability and shaping the growth strategy for international to Auto Today Magazine
Zawya
09-04-2025
- Automotive
- Zawya
Mahindra becomes South Africa's fastest-growing car brand
Sales for Mahindra bakkies and SUVs jumped by over 600 units in March to 2,253 vehicles, setting a new all-time record and welcoming Mahindra into the hallowed 2,000-unit-per-month club. According to Naamsa, the automotive industry business council, Mahindra delivered more vehicles in one month than ever before. The total of 2,253 vehicles is nearly 40% higher than the previous record of 1,613 vehicles set a month earlier in February. With this new record, Mahindra has jumped to the eighth largest vehicle manufacturer in the country, a mere two months after it entered the South African top ten. It has also set a new all-time sales record of 15,088 vehicles in one financial year. On its way to setting this impressive new record, Mahindra surpassed every internal milestone and broke every model sales record on its books. For instance, it sold the most SUVs in one month (1,000 units in March), it sold the most bakkies ever (1,256 bakkies in March) and it delivered the most Scorpio-N SUVs in one month (145 units in March). A detailed analysis of the Naamsa sales figures for the financial year to end-March shows that Mahindra is the fastest-growing vehicle brand among the high-volume (more than 500 units per month) brands. Mahindra has occupied this top spot three times in the past decade, in 2018, 2022 and now in 2025. In the past financial year, Mahindra has also signed a memorandum of understanding with the Industrial Development Corporation (IDC) to investigate a fully-fledged vehicle manufacturing facility for completely knocked-down vehicles (CKD) in South Africa. The parties have also agreed to investigate the manufacturing of parts for fully built-up electric vehicles in South Africa. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
