Latest news with #TharRoxx
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Business Standard
2 days ago
- Business
- Business Standard
Top stock picks by Motilal Oswal: Large, mid & small cap recommendations
Stock picks by Motilal Oswal Large Cap M&M – Target: ₹3,482 M&M reported a better-than-expected performance in Q4, led by a strong margin beat in FES segment (at 19.4 per cent against 17.3 per cent estimate). Revenue grew 24.5 per cent year-on-year (Y-o-Y), and Earnings before interset, tax, depreciation and amortisation (Ebitda) margin expanded 180 basis points (bp) Y-o-Y to 14.9 per cent, driven by improved ASPs across both the Auto and FES segments. Management remains confident of outperforming the UV industry in FY26, driven by new launches like Thar Roxx, XUV 3XO, and recent EVs. It plans to boost UV capacity to 69,000/85,000 units in FY26/FY27, with a greenfield project for future requirements beyond FY28. We believe M&M is well-placed to outperform across its core business, driven by a healthy recovery in rural areas and new product launches across both UV and tractor segments. We estimate M&M to post compound annual growth rate (CAGR) of 13 per cent/13 per cent/18 per cent in revenue/Ebitda/PAT over FY25–27E. Bharti Airtel – Target: ₹2,110 Bharti's Q4FY25 performance was in-line. India wireless revenue/Ebitda grew 1 per cent/2 per cent quarter-on-quarter (Q-o-Q), offset by fewer days. Consolidated net debt inched up by ₹5,000 crore due to the redemption of $1 billion perpetual bonds. We continue to favour BHARTI's superior execution on premiumisation. Robust free cash flow (FCF) of ₹9,700 crore/₹39,000 in Q4/FY25, along with moderating capex, should lead to significant FCF generation of ₹1 trillion in FY26-27E. We model a 14 per cent/17 per cent CAGR in Bharti's consolidated revenue/Ebitda (FY25-28E) driven by an expected 15 per cent India wireless tariff hike (December 2025), faster home broadband growth, and continued strong double-digit growth in Africa. Mid Cap Punjab National Bank – Target: ₹125 PNB reported a Q4FY25 PAT of ₹4,570 crore (+52 per cent Y-o-Y), in line with estimates, supported by better other income and a lower tax rate. However, NII missed due to a 12 basis points (bp) Q-o-Q decline in net interest margins (NIMs) to 2.81 per cent. Loan growth was healthy Y-o-Y at 15.3 per cent, though modest Q-o-Q; deposits rose 14.4 per cent Y-o-Y. Slippages surged 69 per cent Q-o-Q, mainly from MSME and agri loans, yet gross net performing asset/net non-performing asset (GNPA/ NNPA) ratios improved to 3.95 per cent/0.4 per cent. Management expects stable net interest margins (NIMs) (2.8–3 per cent) and credit growth of 11–12 per cent. With FY27E RoA/RoE at 1.05 per cent/15.5 per cent, improving asset quality, and strong recovery prospects, we reiterate 'Buy'. Radico Khaitan – Target: ₹3,000 Radico Khaitan, a legacy player since 1943, is one of the oldest and largest IMFL manufacturers in India with a diverse portfolio across whisky, vodka, gin, rum, and brandy (ranging from ₹500 to ₹8,000), covering a large customer base. Driven by consistent volume growth (from 20 million cases in FY15 to 31m in FY25) and sharp execution, Radico has outperformed peers through premiumisation and is now expanding its premium and luxury portfolio to strengthen trade and consumer pull. With an 8 per cent IMFL market share and rising presence in the P&A segment, we estimate a robust 6 per cent/22 per cent/30 per cent in revenue/Ebitda/adjusted PAT CAGR during FY25-28E. Overall volume is projected at 9 per cent, driven by a robust 15 per cent CAGR in the P&A portfolio. Small Cap Niva Bupa – Target: ₹100 Niva Bupa reported 18 per cent/25 per cent Y-o-Y growth in Gross Written Premium/Net Earned Premium in Q4, driven by 3 per cent/59 per cent/18 per cent growth in retail health /group health/PA businesses. It secured business from two large corp. accounts, significantly contributing to strong growth in group health. With a Y-o-Y expansion of 50bp/190bp in commission/expense ratios, the combined ratio improved to better-than-expected 92.8 per cent, up 340 bp Y-o-Y. Measures taken to mitigate claim inflation will continue to aid loss ratios, while op. efficiency will lead to improved expense ratio going forward. We believe Niva is well-positioned to harness growth opportunities with a strategic global partner, a growing customer base, and innovative product offerings. The diversified channel mix will ensure improved scalability as the company moves toward geographic expansion. Marico – Target: ₹800 Marico (MRCO) reported Q4FY25 revenue growth of 20 per cent Y-o-Y, with domestic revenue up 23 per cent driven by strong core category performance and new growth drivers. International revenue grew 11 per cent. Ad spends rose 35 per cent, leading to a 260 bp Y-o-Y contraction in Ebitda margin to 16.8 per cent, while Ebitda grew 4 per cent against 7 per cent estimate.
Hans India
4 days ago
- Automotive
- Hans India
Mahindra and Mahindra clocks 17 pc growth in auto sales in May 2025
Mahindra and Mahindra on Sunday reported a solid performance in May 2025, with overall auto sales reaching 84,110 units -- a 17 per cent increase compared to May 2024. The figure includes both domestic and export markets, highlighting the company's continued momentum across product segments. The SUV segment played a major role in this growth. Mahindra sold 52,431 SUVs in the domestic market in May, marking a strong 21 per cent year-on-year (YoY) rise. Including exports, total SUV sales stood at 54,819 units, showcasing the popularity of Mahindra's utility vehicles both in India and abroad. Year-to-date (YTD) numbers further underscore Mahindra's growth story. The company has seen a 24 per cent rise in UV sales, reaching 104,761 units, along with a 55 per cent jump in exports compared to the same period last year. Mahindra's Automotive Division CEO Nalinikanth Gollagunta said: "In May, we achieved SUV sales of 52,431 units, a growth of 21 per cent, and total vehicle sales of 84,110 units, a 17 per cent growth compared to the same month last year." "Thanks to continued demand for our products, we were able to deliver industry-leading growth across our ICE and BEV portfolio," he added. Mahindra's commercial vehicle segment also performed well. Sales of Light Commercial Vehicles in the 2–3.5 tonne category rose 14 per cent YoY to 17,718 units. The company's three-wheeler segment, including electric variants, saw an 11 per cent growth, reaching 6,635 units sold in May. Exports also contributed significantly to the overall performance. Mahindra shipped 3,652 vehicles in May 2025, registering a sharp 37 per cent increase from the same month last year. Mahindra's product lineup includes a strong mix of internal combustion engine (ICE) models such as the XUV 3XO, Bolero, Bolero Neo, Thar, Thar Roxx, XUV700, Scorpio Classic, and Scorpio-N. On the electric side, Mahindra offers the BE 6 and XEV 9e SUVs, reflecting the company's commitment to electric mobility.
Hindustan Times
6 days ago
- Automotive
- Hindustan Times
Mahindra Thar Roxx production ramped up, new features added. Check them out
Mahindra Thar Roxx is offered with two engine options - a turbo petrol and a turbo diesel. Mahindra Thar Roxx comes with a significantly distinctive design compared to its three-door sibling. Check Offers Mahindra and Mahindra have announced that they are ramping up the production of the Thar Roxx to meet the strong demand and lower the waiting times of the SUV. The homegrown manufacturer has also added Dolby Atmos with a Harman Kardon 9-speaker sound system to the top-end AX7L trim. There is also now support for the Gaana streaming application. Mahindra recently added a new interior colour option to the Thar Roxx. Customers can now get the interior finished in light grey, and this new colour scheme has replaced the Ivory White colour scheme. This modification is being implemented in response to customer feedback indicating that the Ivory White color scheme tends to become soiled, is challenging to clean, and is not well-suited for an off-road SUV such as the Thar Roxx. The dashboard has been completed with a new light grey colour scheme, now featuring a combination of beige and black, which is expected to be easier to maintain than the previous Ivory White colour scheme. Additionally, the seats have been updated to beige rather than white. In addition to the new grey colour, the brand has also offers Mocha brown interiors. Watch: Mahindra Thar Roxx first drive impressions: Loaded enough to worry Creta, Seltos? What is the price of the Mahindra Thar Roxx? The Mahindra Thar Roxx is priced between ₹ 12.99 lakh and ₹ 23.09 lakh, with both figures representing ex-showroom costs. What are the powertrain options of the Mahindra Thar Roxx? The Thar Roxx comes with a choice of a 2.2-litre diesel engine or a 2.0-litre turbo petrol engine. Both engine options can be combined with either a 6-speed manual transmission or a 6-speed torque converter automatic transmission. Additionally, when the diesel engine is selected, the Thar Roxx features a 4x4 powertrain. (Read more: Mahindra Thar Roxx scores a 5-star safety rating in Bharat NCAP crash test) Mr. Velusamy R, President – Automotive Technology & Product Development, Mahindra & Mahindra Ltd, said, 'At Mahindra, it is our constant endeavour to explore limitless boundaries in automotive innovation, and the Thar ROXX is a testament to that spirit. By being the first vehicle in the world to feature Dolby Atmos featuring 4 channels of immersive audio integrated into the premium 9-speaker Harman Kardon Branded Audio system, we are redefining the driving experience. No matter the terrain or conditions, the Thar ROXX delivers a sensory experience like no other SUV of its kind on the Indian roads, bringing every moment on the road to life with Dolby Atmos." Check out Upcoming Cars in India 2024, Best SUVs in India. First Published Date: 30 May 2025, 13:01 PM IST
NDTV
6 days ago
- Automotive
- NDTV
Mahindra Thar Roxx Becomes First-Ever SUV With Dolby Atmos 4-Channel Audio
Mahindra & Mahindra has upgraded the sound system of the Thar Roxx sold in the Indian market. The SUV now comes with a 4-channel Dolby Atmos sound, which the brand claims offers immersive audio capabilities. With this, the SUV has become the first-ever to have this technology. It will be featured on the top-end AX7L variant. This is an extension of the collaboration between the automaker and Dolby Laboratories. The technology in the Mahindra Thar Roxx AX7L brings together a Dolby Atmos system with a 9-speaker Harman Kardon audio setup. Using this tech, the sound can move around the vehicle to create a spatial audio effect. It also gets the Gaana streaming service built into the infotainment system, providing Dolby Atmos-compatible music content. Dolby Atmos technology, which was initially created for use in cinemas, has now extended into areas like home entertainment, gaming, and mobile devices. The incorporation into automobiles shows the company's attempt to tap into new market segments. This technology generates three-dimensional sound by including height channels alongside conventional surround sound systems. It is worth mentioning that the brand offers Dolby Atmos in its first born electric vehicles, BE6 and XEV 9e, as well. In addition to this, the Mahindra Thar Roxx is loaded with features such as Level 2 ADAS capabilities, a panoramic sunroof, and a 10.24-inch touchscreen infotainment system, among others. Currently, this SUV starts at Rs 12.99 lakh (ex-showroom) and can go up to Rs 23.09 lakh (ex-showroom). It is offered with both petrol and diesel engine options. Specifically, it features a 2.0-litre TGDi petrol engine with a 2WD configuration or a 2.2-litre diesel engine with RWD and 4x4 capabilities. These attributes make it an ideal choice for police work. The vehicle provides options for both manual and automatic transmission.
India Today
6 days ago
- Automotive
- India Today
Mahindra Thar Roxx is the first global SUV with Dolby Atmos sound
Dolby Laboratories and Mahindra & Mahindra Ltd. have announced that the Mahindra Thar ROXX AX7L variant will now be available with Dolby Atmos. The Indian firm claims that this 'redefines the aural experience on wheels'. Furthermore, the infotainment system of the SUV gets Ganna app integration, which allows users to stream songs Thar Roxx has been a very popular product for Mahindra in the Indian market since its launch in August last year. Recently, the company had announced ramping up of the production of the SUV and its sibling, the Thar 3-door, which combined have garnered over 2.5 lakh sales. This ramp up has reduced the waiting period of the Thar Roxx from 18 months to a maximum of six to Auto Today Magazine Speaking on the collaboration, Karan Grover, Senior Director, Commercial Partnerships, IMEA, Dolby Laboratories said, 'We are excited about the possibilities that our collaboration with Mahindra can bring for customers, especially in India. With Dolby Atmos in Thar ROXX AX7L, we're taking the car journey to an entirely new level by transforming the interior cabin into a personalised concert hall on wheels, making every ride an immersive audio experience that complements the adventurous spirit of the Thar ROXX AX7L.'Mr. Velusamy R, President, Automotive Technology & Product Development, Mahindra & Mahindra Ltd, said, 'At Mahindra, it is our constant endeavour to explore limitless boundaries in automotive innovation, and the Thar ROXX is a testament to that spirit. By being the first vehicle in the world to feature Dolby Atmos featuring 4 channels of immersive audio integrated into the premium 9-speaker Harman Kardon Branded Audio system, we are redefining the driving experience. No matter the terrain or conditions, the Thar ROXX delivers a sensory experience like no other SUV of its kind on the Indian roads, bringing every moment on the road to life with Dolby Atmos.'advertisementThe Thar Roxx currently retails between Rs 12.99 lakh and Rs 23.39 lakh (both ex-showroom) and offers two powertrains: a 2.0-litre turbo-petrol or a 2.2-litre diesel. The petrol mill is available with either a 6-speed manual transmission with 161.8bhp and 330Nm of torque or a 6-speed torque converter automatic whose power figures stand at 176.8bhp and 380Nm. The diesel powerhouse can be had with the same two transmission options, with the manual offering 152.1bhp and 330Nm while the automatic has two tunes, one with the same figures as the manual and the other with 174.8bhp and 370Nm of torque. The petrol variants are only available with RWD, the diesel lets the users choose between RWD and 4WD.
