Latest news with #XEV9e
NDTV
4 days ago
- Automotive
- NDTV
Actress Aakanksha Singh Joins List Of Mahindra XEV 9e Celebrity Owners
Mahindra recently launched its first born electric vehicles in the Indian market in the form of the BE 6 and the XEV 9e. While still new to the market, the XEV 9e seems to be gaining popularity among celebrities. Until now, the list includes names like Anurag Kashyap, Jaaved Jaaferi, and AR Rahman. The latest addition to the list is Aakanksha Singh, who has recently taken delivery of her new electric vehicle. The update was shared on social media with pictures of the actress posing with her new possession. Based on the pictures shared on the social media platform, the actress has chosen the Ruby Velvet colour of the vehicle. Besides this, the electric vehicle is also available in colours like Stealth Black, Everest White, Deep Forest, Tango Red, Nebula Blue, and Desert Myst. These paint schemes complement the design of the vehicle, which features a unique front design and a sloped roofline. All of this complements the 19-inch alloy wheels quite well. Aakanksha Singh's SUV comes with a list of features, such as an air purification system, a sunroof that protects against UV rays, a Harman Kardon audio system equipped with Dolby Atmos, a heads-up display (HUD) that includes augmented reality on the windshield, 5G connectivity, smart vehicle capabilities, integrated Amazon Alexa, a cooled center console, rear seats that can be split in a 60:40 ratio, and a telescopic, adjustable steering wheel, among other things. View this post on Instagram A post shared by AutoAlive (@autoalive1) To ensure occupant safety, the manufacturer includes Level 2 plus Advanced Driver-Assistance Systems (ADAS), Secure360, and further safety features. These consist of six airbags, an electronic parking brake, a tire pressure monitoring system (TPMS), and a system designed to detect signs of driver fatigue. Mahindra XEV 9e is powered by a 79 kWh battery pack that has an ARAI-certified range of 659 km. The actual driving range of the electric vehicle exceeds 500 km. This battery powers an electric motor that delivers 286 hp and 380 Nm of peak torque, allowing the SUV to accelerate from 0 to 100 km/h in 6.8 seconds. Alternatively, there is a 59 kWh battery variant that supports a 231 hp motor, which can be charged using a 140 kW DC charger.
Time of India
4 days ago
- Automotive
- Time of India
Lumax Auto Technologies reports 37% rise in net profit to ₹229 cr in FY25
Lumax Auto Technologies has announced its audited financial results for the fourth quarter and full year ended 31 March 2025. The company reported growth in revenue and profit, with consolidated revenue crossing ₹1,000 crore in a quarter for the first time. For FY25, consolidated revenue from operations increased by 29% to ₹3,637 crore, compared to ₹2,822 crore in FY24. Profit after tax rose by 37% to ₹229 crore, up from ₹167 crore in the previous year. The company's consolidated earnings per share increased to ₹26.08 from ₹19.10. In Q4 FY25, consolidated revenue stood at ₹1,133 crore, showing a 50% year-on-year growth from ₹757 crore in Q4 FY24. On a standalone basis, revenue from original equipment manufacturer (OEM) customers grew by 7% in Q4 FY25 and 13% for the full year. The aftermarket segment recorded its first double-digit annual growth, rising by 10% quarter-on-quarter. Inorganic growth and strategic acquisitions Anmol Jain, MD, Lumax Auto Technologies Limited, said, 'We are pleased to deliver another year of strong financial performance, with our consolidated revenue crossing ₹3,600 crores and achieving robust profit growth of 37%. Our strategic focus on inorganic growth through targeted acquisitions, including our entry into alternative fuels and the consolidation of our IAC India operations, positions us well for the evolving automotive landscape." "The improved EBITDA margins reflect our operational excellence and the synergies we are realising from our expanded portfolio. As we move forward, we remain committed to leveraging both organic and inorganic growth levers to create sustainable value for all stakeholders,' he added. During FY25, Lumax Auto Technologies invested ₹48 crore in optionally convertible redeemable debentures through its wholly-owned subsidiary, Lumax Resources Private Limited. This subsidiary acquired a 60% stake in Greenfuel Energy Solutions Private Limited for ₹153 crore, marking the company's entry into the alternative fuels segment. Following the financial year, the Board approved the acquisition of the remaining 25% stake in IAC International Automotive India Private Limited for ₹221 crore, resulting in full ownership. IAC India recently opened two manufacturing units in Chakan, Pune, to support Mahindra & Mahindra's battery electric vehicle (BEV) models, BE6 and XEV9e. Investments and dividend declaration The Board approved an investment of up to ₹0.51 crore in AMPIN C&I Private Limited's subsidiary to support solar energy use at three plants in Maharashtra. It also approved the formation of two new wholly-owned subsidiaries – Lumax Auto Solutions Private Limited and Lumax Autocomp Private Limited – to explore opportunities in the automotive sector. A final dividend of ₹5.50 per equity share has been recommended for FY25, subject to shareholder approval at the 44th Annual General Meeting on 25 August 2025. With a stable balance sheet, acquisitions, and an expanding product range, Lumax Auto Technologies aims to build on opportunities in the automotive and mobility markets.
Time of India
4 days ago
- Automotive
- Time of India
Indian auto sales trends for May 2025: PV and M&HCV segments may face hurdles
Indian automakers are expected to release May 2025 sales data on June 1, with early estimates indicating continued sluggishness in key segments, though two-wheelers and tractors may offer some support. Passenger vehicle and medium and heavy commercial vehicle categories appear to be facing pressure, while a looming production risk stemming from China's export restrictions on rare earth magnets, essential for both electric and internal combustion engine components, has been flagged by analysts at Nomura to Business Standard. Despite these challenges, analysts maintain a cautiously optimistic outlook for certain segments, anticipating growth driven by factors such as rural demand, infrastructure development, and replacement needs. Passenger vehicles demand to face a downhill? Passenger vehicle sales in India experienced a slowdown in May 2025. Wholesales are estimated to have dipped by 1 per cent YoY, reaching approximately 344,000 units. Retail demand remained weak, declining by 8 per cent YoY, despite expectations of support from easing interest rates and lower income taxes. This decline in retail performance has led to an increase in dealer-level inventory. Analysts suggest that a meaningful recovery in passenger vehicle demand is likely to occur only in the second half of calendar year 2025. An emerging concern for the industry is the potential for production disruptions starting in June. This is due to China's restrictions on the export of rare earth magnets. These magnets are critical for both electric vehicles and internal combustion engine vehicles. They are used in essential components such as sensors, steering systems, and motors. Nevertheless, analysts continue to maintain a 5 per cent YoY growth forecast for the passenger vehicle industry in fiscal year 2026. This forecast is based on expectations of demand normalization and minimal production impact. Maruti Suzuki's domestic passenger vehicle wholesales, excluding OE and LCV, are projected to fall about 5 per cent YoY to 137,000 units. This is partially supported by channel filling. Mahindra & Mahindra is likely to see a 13 per cent YoY increase in utility vehicle volumes, reaching approximately 49,000 units. This growth is backed by robust demand for new models including the BE 6, XEV 9e, Thar ROXX, and XUV 3XO. Its electric SUVs saw encouraging traction, with around 30,000 bookings on the first day. The company has further outlined plans to launch seven ICE SUVs, five BEVs, and five LCVs by 2030, with several new models expected in FY26. Tata Motors' passenger vehicle sales are estimated to grow about 1.5 per cent YoY to 46,000 units. Hyundai Motor India may see domestic sales decline around 8 per cent YoY to 45,000 units. A steady path for two-wheelers The two-wheeler segment showed modest growth in May 2025. Wholesales are likely up by 2 per cent YoY. Retail performance was stronger, with a 6 per cent increase over the same period. This was supported by strong rural sentiment and seasonal demand driven by weddings. The outlook for the segment remains positive. Analysts are forecasting volume growth of 7.0 per cent in FY26 and 6.5 per cent in FY27. Bajaj Auto is expected to post a 13 per cent YoY increase in total sales to around 402,000 units. This is driven by strong export growth in both 2W and 3W segments and a 6 per cent uptick in domestic 2W demand. However, weak domestic 3W sales, estimated to fall by 5 per cent to 35,000 units, could partially offset gains. The company continues to benefit from its growing EV portfolio, supported by affordable product offerings, expanding distribution, and improving export conditions. TVS Motor is projected to post overall growth of 19 per cent YoY. Domestic volumes are expected to rise 22 per cent, and exports are increasing 9 per cent. Hero MotoCorp's volumes are expected to remain flat YoY at around 500,000 units. Royal Enfield is set to post a robust 21 per cent increase in volumes to approximately 86,000 units. M&HCV to face hurdles The medium and heavy commercial vehicle segment continued to face headwinds in May. Wholesales are expected to decline by 5 per cent YoY, and retail sales are down by 3 per cent. Although freight rates remained stable, weak near-term demand has weighed on overall segment performance. Analysts, however, remain cautiously optimistic. They expect the MHCV industry to grow at 5 per cent annually over FY26 and FY27, supported by replacement demand and anticipated improvement in infrastructure and capital expenditure. Short-term recovery in demand will depend on the pace of infrastructure investments and project execution. Ashok Leyland's wholesale volumes are likely to fall 8 per cent YoY. Tata Motors' MHCV volumes may decline about 4 per cent. Despite the current softness, analysts believe there is potential for margin improvement among original equipment manufacturers if broader economic activity picks up in the coming quarters. In contrast, the tractor segment is expected to report robust growth. Wholesales are up 11 per cent YoY in May 2025.
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Business Standard
4 days ago
- Automotive
- Business Standard
May 2025 auto sales preview: Nomura expects tepid volumes amid supply risks
May auto sales preview: Indian automakers are likely to announce May 2025 auto sales data on June 1, and early estimates suggest continued sluggishness in volume trends across key segments. While two-wheelers and tractors may provide some cushion, analysts said passenger vehicle (PV) and medium and heavy commercial vehicle (MHCV) categories appear to be under pressure. Analysts at Nomura also flagged a looming production risk starting June, stemming from China's export restrictions on rare earth magnets—used across both electric vehicle (EV) and internal combustion engine (ICE) components. PVs: Demand softens, inventory rises Passenger vehicle (PV) sales in India saw a slowdown in May 2025, with wholesales estimated to dip by 1 per cent year-on-year (Y-o-Y) to around 344,000 units. Despite expectations of support from easing interest rates and lower income taxes, retail demand remained weak, declining by 8 per cent Y-o-Y. The decline in retail performance has contributed to an increase in dealer-level inventory. Analysts suggest that any meaningful recovery in PV demand is likely to take shape only in the second half of calendar year 2025. An emerging concern for the industry is the risk of production disruptions from June onwards due to China's restrictions on the export of rare earth magnets. These magnets are critical not only for electric vehicles (EVs) but also for internal combustion engine (ICE) vehicles, as they are used in various essential components such as sensors, steering systems, and motors. Nevertheless, analysts continue to maintain a 5 per cent Y-o-Y growth forecast for the PV industry in FY26, banking on demand normalisation and minimal production impact. Among key players, Maruti Suzuki's domestic PV wholesales (excluding OE and LCV) are projected to fall about 5 per cent year-on-year to 137,000 units, supported partially by channel filling. Mahindra & Mahindra is likely to see a 13 per cent Y-o-Y increase in utility vehicle (UV) volumes to approximately 49,000 units, backed by robust demand for new models including the BE 6, XEV 9e, Thar ROXX, and XUV 3XO. Its electric SUVs saw encouraging traction, with around 30,000 bookings on the first day. The company has further outlined plans to launch seven ICE SUVs, five BEVs, and five LCVs by 2030, with several new models expected in FY26. Tata Motors' PV sales are estimated to grow about 1.5 per cent Y-o-Y to 46,000 units, while Hyundai Motor India may see domestic sales decline around 8 per cent Y-o-Y to 45,000 units. The two-wheeler (2W) segment showed modest growth in May 2025, with wholesales likely up by 2 per cent Y-o-Y. Retail performance was stronger, with a 6 per cent increase over the same period, supported by strong rural sentiment and seasonal demand driven by weddings. The outlook for the segment remains positive, with analysts forecasting volume growth of 7.0 per cent in FY26 and 6.5 per cent in FY27. Bajaj Auto is expected to post a 13 per cent Y-o-Y increase in total sales to around 402,000 units, driven by strong export growth in both 2W and 3W segments and a 6 per cent uptick in domestic 2W demand. However, weak domestic 3W sales, estimated to fall by 5 per cent to 35,000 units, could partially offset gains. The company continues to benefit from its growing EV portfolio, supported by affordable product offerings, expanding distribution, and improving export conditions. TVS Motor is projected to post overall growth of 19 per cent Y-o-Y, with domestic volumes rising 22 per cent and exports increasing 9 per cent. Hero MotoCorp's volumes are expected to remain flat Y-o-Y at around 500,000 units. Meanwhile, Royal Enfield is set to post a robust 21 per cent increase in volumes to approximately 86,000 units. MHCVs: Demand remains subdued The medium and heavy commercial vehicle (MHCV) segment continued to face headwinds in May, with wholesales expected to decline by 5 per cent Y-o-Y and retail sales down by 3 per cent. Although freight rates remained stable, weak near-term demand has weighed on overall segment performance. Analysts, however, remain cautiously optimistic and expect the MHCV industry to grow at 5 per cent annually over FY26 and FY27, supported by replacement demand and anticipated improvement in infrastructure and capital expenditure. Short-term recovery in demand will depend on the pace of infrastructure investments and project execution. On the company front, Ashok Leyland's wholesale volumes are likely to fall 8 per cent Y-o-Y, while Tata Motors' MHCV volumes may decline about 4 per cent. Despite the current softness, analysts believe there is potential for margin improvement among original equipment manufacturers if broader economic activity picks up in the coming quarters. Tractors: Strong momentum intact In contrast, the tractor segment is expected to report robust growth, with wholesales up 11 per cent Y-o-Y in May 2025. Positive triggers such as better crop prices and healthy reservoir levels continue to drive demand. Nomura retains its 5 per cent growth forecast for the tractor industry in FY25F and FY26F. Steel prices to edge higher Nomura's Commodity Cost Index remains largely stable for now. However, in the near term, steel prices could see a modest increase of ₹3–4/kg due to the imposition of a safeguard duty, which may add to cost pressures for OEMs in the coming quarters.
NDTV
23-05-2025
- Automotive
- NDTV
Mahindra BE 6's ORVMs Cost Equal To Hero Splendor; Video Revealing Price Goes Viral
Mahindra BE 6, the brand's first born electric SUV, was launched in the Indian market in November 2024. At the time, the electric vehicle received a great response from the consumers, racking up over 30,000 bookings on Day 1 along with the XEV 9e. Among these, over 13,000 bookings were in BE 6's name. Soon enough, the vehicle made its presence felt on the road with multiple units in various cities. However, the good times for the vehicle were clouded by the complaints of owners on social media. Also Read: Mahindra Thar Roxx Joins Nagaland Police Fleet While many might be enjoying their ownership experience, there have been consumers on social media who shared videos alleging that a sensor failure following an accident stalled the vehicle. However, the claims were denied by the brand. Now, a video has surfaced on social media in which the person holding the camera claims that an ORVM of the Mahindra BE 6 costs around Rs 39,000. Adding to the woes of the automaker, the video has gone viral with over 41,000 likes and is 'receiving heat' from social media users, mostly in the form of light-hearted comments. One of the social media users commented on the post, "After market participants needed." While another one said, "2 side mirror you can buy a scooter." Adding to the list a user commented, "Reasons to buy better insurance". Meanwhile, another faction of social media users claimed that the high price is because of the camera in the ORVM supporting multiple advanced features. View this post on Instagram A post shared by AutoTimes (@autotimes_india) To verify the claims in the video, we at NDTV Auto reached out to our dealer sources to find out that the ORVM of the Mahindra BE 6 has an MRP of Rs 38,999. This, when calculated for both sides, brings the cost to Rs 77998. This is very close to the price of the Hero Splendor Plus. It is to be noted that ORVMs are a generally expensive part with an embedded camera. For reference, the same part on a Hyundai Alcazar costs Rs 31,633, for the older Skoda Kodiaq, the mirror housing comes at Rs 29,993, and so on. Meanwhile, the BE 6 itself comes at a starting price of Rs 18.90 lakh (ex-showroom). This extends up to Rs 27.65 lakh (ex-showroom).
