GlobalData blog: Tesla finally opens Indian map on its dashboard On July 15, 2025, the long wait ended for Tesla enthusiasts in India as the company officially opened its first showroom in Mumbai and began accepting orders for the Model Y. A second showroom is also set to open soon in Delhi, along with Superchargers in both cities. Back in 2021, Tesla established a subsidiary named “Tesla Motors India Energy Private Limited”. At that time, th...

News  Updated at: 2025/07/31

Indian passenger vehicle sales decrease by 6.3% in June 2025 Indian passenger vehicle sales in June 2025 were down 6.3% y/y to 275,766 units. For April through June of 2025, total vehicle sales were down 1.2% to 1,235,097 units, compared to the same period of 2024. PVs (passenger vehicle, UV and van) sales were down 1.4% y/y to 1,011,882 units (excludes BMW, Mercedes-Benz, Volvo Cars and Tata). CVs (M&HCVs and LCVs) sales were down 0.6% y/y to 22...

News  Updated at: 2025/07/16

Mahindra, India clarifies on report linking it to rare earth production plans with Uno Minda On July 14, Mahindra & Mahindra issued a clarification regarding a media report titled “Mahindra, parts maker Minda eye local rare earths production to cut reliance on China”, published on July 10, 2025. In response to the report, it stated that while it routinely evaluates strategic opportunities for business growth and expansion, there is currently ...

News  Updated at: 2025/07/14

mimik and Tech Mahindra unveil agentic AI production center On June 30, San Francisco-based mimik announced it has joined forces with Tech Mahindra to launch Agentic AI Production Center. The center will function as an operational hub for designing, developing, deploying, scaling, and commercializing agentic AI systems on real-world infrastructure hosted at Tech Mahindra labs. The center is a Physical AI production-first environment that trains, ...

News  Updated at: 2025/07/01

Mahindra & Mahindra, India updates about R&D spending and new technologies during FY 2025 In its annual report for FY 2024–25, Mahindra & Mahindra announced that it continued its focus on advanced technology development, upgrading existing technologies, and building capabilities in critical areas to support ongoing and future growth. During the period, Mahindra & Mahindra filed 247 new patent applications. Cumulatively, the company has filed 2...

News  Updated at: 2025/06/30

Competition Commission of India approves Mahindra’s acquisition of SML Isuzu On June 17, the Competition Commission of India (CCI) approved the proposed acquisition of SML Isuzu Limited by Mahindra & Mahindra Limited (M&M). As per M&M’s April 26, 2025, announcement, the company will acquire 43.96% of SML’s equity from Sumitomo Corporation and 15% from Isuzu Motors Limited, amounting to a total of 58.96%. Additionally, M&M will launch an ope...

News  Updated at: 2025/06/18

Indian passenger vehicle sales increase by 0.8% in May 2025 Indian passenger vehicle sales in May 2025 were up 0.8% y/y to 303,099 units. Based on the release of carmakers, the available sales results of PVs and CVs are as follows: Maruti Suzuki sales of 138,690 units decreased 5.5% in May compared to the same month in 2024. Tata sales of 67,429 units decreased 10.3% from last year. Mahindra sales of 72,729 units increased 17.4% from last year. H...

News  Updated at: 2025/06/17

Lumax Auto Technologies, India wins new business form Mahindra, Honda, and Maruti Suzuki On May 28, Lumax Auto Technologies Limited announced that during the quarter that ended on March 31, 2025, it won a new business to supply cockpit assembly for Thar Roxx and its newly launched electric vehicles, BE6, and XEV 9E. It will also supply a gear shifter (automatic transmission and manual transmission) and a Shark fin antenna for the Honda Amaze seda...

News  Updated at: 2025/05/30

Lumax Industries, India updates about new business wins in Q4, FY 2024-25 On May 27, Lumax Industries announced that during the quarter ended on March 31, 2025, it has won business from Maruti Suzuki to supply headlamps, rear combination lamp assemblies, and tail and stop lamp assemblies for its upcoming E-Vitara electric vehicle.  It will also supply headlamps, rear combination lamp assemblies, and tail and stop lamp assemblies to Toyota Kirlos...

News  Updated at: 2025/05/27

North America Inc. (IAC NA). Following the completion of this transaction, IAC India will become a wholly owned material subsidiary of Lumax Auto Technologies. The equity value for the 25% stake has been estimated at approximately INR 2.21 billion, with the transaction expected to close by May 31, 2025. Previously, Lumax had acquired a 75% stake in IAC India through its wholly owned subsidiary, Lumax Integrated Ventures Private Limited (LIVE). I...

News  Updated at: 2025/05/19

Indian passenger vehicle sales increase by 5.5% in April 2025 Indian passenger vehicle sales in April 2025 were up 5.5% y/y to 303,648 units. Based on the release of carmakers, the available sales results of PVs and CVs are as follows: Maruti Suzuki sales of 142,053 units increased 1.1% in April compared to the same month in 2024. Tata sales of 70,963 units decreased 7.1% from last year. Mahindra sales of 74,123 units increased 19.5% from last ye...

News  Updated at: 2025/05/16

Mahindra revises investment timeline in two-wheeler subsidiary Classic Legends On May 14, Mahindra & Mahindra announced that, in December 2023, it had announced plan to invest INR 8.75 billion in Classic Legends Private Limited (CLPL) in one or more tranches by March 15, 2025, as per the agreed terms. It has so far invested INR 3.5 billion in CLPL and the balance investment, in one or more tranches, would be completed by March 15, 2027. Post this...

News  Updated at: 2025/05/15

SJS Enterprise, India updates about new order wins, capacity expansion progress and new products On May 8, S.J.S. Enterprises Limited announced that it secured new orders from multiple clients during Q4 FY 2025, including Mahindra & Mahindra, Stellantis, Royal Enfield, TVS Motor, Atomberg, Bajaj Auto, Samsung, and Visteon. In addition, Hero MotoCorp was added to its list of customers, with significant orders booked in April 2025. With this, SJS i...

News  Updated at: 2025/05/09

Mahindra India to launch 7 new SUVs and 5 BEVs by 2030, announces capacity expansion and new greenfield plant plans On May 5, Mahindra & Mahindra updated that in CY 2026, it will launch a total of seven vehicles, including three internal combustion engine (ICE) SUVs—two of which will be mid-cycle enhancements—along with two battery electric vehicles (BEVs) and two light commercial vehicles (LCVs), comprising one ICE and one EV in the sub-3.5-...

News  Updated at: 2025/05/05

Isuzu to transfer shares in Indian affiliate SML Isuzu Limited to Mahindra On April 28, Isuzu Motors Limited announced its decision to transfer all shares it holds in its Indian affiliate SML Isuzu Limited which assembles and distributes commercial vehicles (hereinafter “SML-I”) to Mahindra & Mahindra Limited, which manufactures and sells passenger and commercial vehicles as well as tractors. The share sale to Mahindra is expected to be compl...

News  Updated at: 2025/04/28

Hindalco Industries, India delivers 10,000 aluminum EV battery enclosures to Mahindra On April 25, 2025, Hindalco Industries Limited announced that it had successfully delivered 10,000 aluminium battery enclosures to Mahindra for its electric SUVs — the BE 6 and XUV 9e. These enclosures are manufactured at Hindalco’s newly inaugurated EV component facility in Chakan, Pune. The Chakan facility, built with an investment of INR 5 billion over 5 ...

News  Updated at: 2025/04/25

Airtificial, Spain secures seven automotive projects in India and China in Q1 2025 On April 15, Airtificial Group announced that it had secured seven new automotive sector projects in Asia during the first quarter of the year. These projects are for major global automotive brands, including Renault, Nissan, Tata, Mahindra, and Chery Automobile, and will be carried out through leading Tier-1 suppliers such as Nexteer, Autoliv, Joyson, and Hitachi....

News  Updated at: 2025/04/16

Indian passenger vehicle sales increase by 3.7% in March 2025 Indian passenger vehicle sales in March 2025 were up 3.7% y/y to 329,742 units. Based on the release of carmakers, the available sales results of PVs and CVs are as follows: Maruti Suzuki sales of 153,134 units decreased 2.0% in March compared to the same month in 2024. Tata sales of 90,500 units decreased 0.4% from last year. Mahindra sales of 70,536 units increased 17.5% from last ye...

News  Updated at: 2025/04/16

Tech Mahindra, India partners with CrateDB, USA for agentic AI solutions for automotive, manufacturing and smart factories On April 1, Tech Mahindra, a technology consulting and digital solutions provider, and CrateDB, a data management company, announced a partnership at Hannover Messe 2025 in Germany. The collaboration aims to improve real-time data analytics in the automotive, manufacturing, and smart factory sectors. Tech Mahindra will integr...

News  Updated at: 2025/04/02

Indian passenger vehicle sales increase by 3.7% in February 2025 Indian passenger vehicle sales in February 2025 were up 3.7% y/y to 331,254 units. Based on the release of carmakers, the available sales results of PVs and CVs are as follows: Maruti Suzuki sales of 163,501 units increased 0.1% in February compared to the same month in 2024. Tata sales of 77,232 units decreased 9.0% from last year. Mahindra sales of 72,865 units increased 13.7% fro...

News  Updated at: 2025/03/14