EV news
Mahindra & Mahindra to Unveil Separate EV Financials for Clarity
Mahindra and Mahindra (M&M) is set to present an overhauled monetary revealing design in the final quarter of the flow financial year, planning to improve straightforwardness in its electric vehicle (EV) tasks. The organization intends to rebuild its fiscal reports to unmistakably feature EV fabricating expenses and edges across various portions, offering a more clear understanding into the presentation of its developing electric versatility business.
At its Q3 FY25 profit meeting, M&M‘s Chief, Rajesh Jejurikar, nitty gritty the arranged changes. The new monetary structure will order M&M’s auto financials into explicit portions, with the independent car results furnishing a general picture alongside an itemized breakdown of agreement producing game plans for EVs. This change will make it more straightforward for financial backers and partners to follow the monetary effect of the organization’s electric vehicle adventures.
The move comes when M&M is growing its impression in the EV area and equipping to start appointments for its impending Electric Beginning SUVs from February 14. Albeit electric vehicle deals didn’t altogether affect the organization’s Q3 FY25 results, the new revealing design will produce full results in Q4 FY25, when EV deals begin offering all the more seriously. At first, M&M expects to sell around 5,000 electric SUVs each month across two models, flagging its rising obligation to the EV market.
Under the overhauled monetary construction, M&M Restricted will deal with the creation of electric SUVs, which will hence be conveyed by Mahindra Electric. This arrangement guarantees that M&M’s auto independent section will just reflect transformation cost edges instead of generally item edges. Thus, the organization means to give a more straightforward perspective on real assembling costs.
Jejurikar underscored that this change would assist M&M with isolating transformation costs from other business tasks, prompting better perceivability into the financials of its EV division. The organization likewise plans to report start to finish edges for its electric vehicles, which will incorporate two key parts: the edge on transformation costs recorded under M&M’s auto independent tasks and the profits from item improvement speculations.
In the second from last quarter, M&M posted a 19 percent expansion in net benefit, arriving at Rs 2,964 crore for the period finishing December 31, 2024. This development was driven areas of strength for by for the organization’s game utility vehicles (SUVs) and farm trucks. The organization’s net benefit in a similar period last year remained at Rs 2,490 crore. Moreover, income from tasks saw a 20 percent increment, moving to Rs 30,538 crore in Q3 FY25 contrasted with Rs 25,383 crore in Q3 FY24.
M&M’s vigorous exhibition was upheld by rising ranch salaries, which helped farm vehicle interest. In the interim, flooding interest for models like the ‘XUV 3×0’ and a five-entryway rendition of the famous ‘Thar’ SUV additionally added to the organization’s solid quarterly outcomes. These variables have empowered M&M to explore a generally difficult year for Indian automakers.
On the financial exchange, M&M shares shut at Rs 3,198, denoting an almost 2 percent expansion from the past shutting cost on the Public Stock Trade (NSE). The organization’s stock arose as the top-performing Clever load of 2024, enlisting a huge 84.5 percent ascend over the course of the year.
With its new monetary revealing design, M&M plans to give more noteworthy clearness on its EV tasks and monetary wellbeing, offering financial backers a more straightforward perspective on the organization’s development direction in the electric portability space. The organization’s essential way to deal with isolating EV financials mirrors its emphasis on long haul maintainability and benefit in a quickly developing auto market.
Article By
Sourabh Gupta
A Bold Step Into India’s Luxury EV Market
So, MG is about to bring out something pretty cool — the Cyberster, a premium electric SUV, expected to launch around July 2025. It’s their way of stepping up in India’s electric vehicle game and offering something that’s not just green, but also stylish and packed with tech.
EVs are getting popular here, and MG wants to be part of that wave, especially for folks who want a good-looking, comfy ride that’s loaded with modern features.
Striking Design Meets Cutting-Edge Technology
We don’t have all the info yet, but the Cyberster looks sharp. Think sleek and sporty, something that’ll catch eyes on the road.
Inside, expect lots of screens, smart features, and safety tech — basically, everything you’d want to make your drive smooth and fun. Whether it’s a quick city run or a weekend escape, this car’s aiming to make every trip enjoyable.
Performance That Packs a Punch
If you’re paying for a premium electric SUV, you want it to perform, right? While details are still under wraps, MG usually doesn’t disappoint. Expect a good driving range and enough power to make driving fun.
And with fast charging, you won’t be stuck waiting around forever — a big plus for busy folks.
What the Cyberster Means for Indian Consumers
This car means more choice for buyers who want a premium EV. The market is heating up, and it’s great because it gives you options that fit your style and budget.
MG is known for giving good value, so this might be a premium ride without the crazy premium price tag.
Growing Competition: A Win for Buyers
More companies entering the EV space means the competition’s getting fierce — Tata, Mahindra, Hyundai, and now MG all want your attention.
That means better cars, better prices, and more charging stations popping up, making EVs easier to own.
MG’s Vision for India’s EV Future
The Cyberster is just the start for MG. They’re clearly aiming to be a big player in India’s EV scene by giving buyers stylish, tech-packed cars.
As India moves toward greener transport, cars like this will help make electric vehicles the new normal.
Article By
Sourabh Gupta
The Electric Vehicle Battle Is Just Getting Started
You know how things are changing fast with electric vehicles here in India? Well, it’s no longer just a couple of companies in the game. Tata and Mahindra have been leading for a while, but now Maruti, Toyota, and Hyundai are jumping in too. It’s turning into a proper race, and that’s great news for anyone thinking about buying an EV.
More players mean more choices, and when companies compete, it usually means better deals and cooler cars for us.
New Entrants Bring Fresh Energy
Maruti Suzuki is like the go-to brand for most Indian families because their cars are affordable and reliable. Now, if they start selling EVs, it’s going to make electric vehicles a lot more reachable for everyday folks.
Then you have Toyota and Hyundai, which have been working on electric cars globally for years. They’re bringing that know-how to India, which means better technology and cars designed to handle our roads and conditions.
This fresh blood is going to push everyone to do better, which is a win for all of us.
What This Means for Consumers
For buyers, this is the best time to consider an EV. You’ll get a wider choice of vehicles — from simple and affordable models to fancy ones packed with features.
Also, with so many companies competing, expect better batteries that last longer, faster charging times, and prices that won’t scare you away.
Charging stations will become more common, making it easier to own and use an EV without stress.
Challenges for Established Players
Tata and Mahindra have done well so far, but now the heat’s on. They’ll need to keep improving their cars and customer service to stay ahead.
More competition means prices might get friendlier, and cars will keep getting better, which is good news for everyone.
The Road Ahead: A Win for India’s Green Future
All this competition will speed up EV adoption, which means cleaner air and less pollution.
With more companies investing in EVs, we’ll see more charging points, better batteries, and more jobs related to green technology.
The future looks electric, and it’s shaping up to be an exciting ride.
Article By
Sourabh Gupta
A Bold Ambition in a Growing Industry
Tata Motors isn’t just aiming to be in the EV race — they want to lead it. A recent ET Auto report says Tata wants to grab half of India’s electric vehicle market, which is a pretty big deal.
India’s EV scene is growing fast. More people are thinking about electric cars because petrol prices keep climbing, and folks want cleaner air. With all this happening, Tata’s shooting for the top spot, wanting to hold a massive share of the market.
Where Tata Motors Stands Today
Right now, Tata is the go-to name when it comes to EVs in India. The Nexon EV is one of the best-selling electric SUVs in the country. They’ve also got other models like the Tiago EV and Tigor EV that cover different budgets and needs.
But Tata knows it can’t just sit back and relax. Other brands like Mahindra, MG, and Hyundai are also pushing hard. Tata’s got to keep coming up with new stuff and get better if they want to stay ahead.
How Tata Plans to Achieve Its 50% Goal
So, how do they plan to take over half the market? They’ve got a few things lined up:
Expanding Its EV Lineup
Tata’s working on some cool new electric cars like the Harrier EV, Curvv EV, and the fancy Avinya. These options will give customers more choices, whether they prefer something small and practical or large and luxurious.
Building More Charging Stations
One of the biggest worries about EVs is charging. Tata’s working with Tata Power to set up more chargers across cities and towns. The easier it is to charge, the more people will want to buy EVs.
Making Batteries in India
Batteries are the priciest part of EVs, and importing them adds to the cost. Tata wants to make batteries right here in India, which should help bring prices down.
Going After Fleets and Government Buyers
Tata’s not just focusing on people buying cars for themselves. They’re also selling EVs to taxis, delivery companies, and government fleets. That’s a smart move because these buyers buy in bulk.
Challenges Ahead
It won’t be a smooth ride, though. Tata still has some bumps to cross:
- Battery supply might not always keep up with demand.
- Other companies are catching up fast.
- Not all towns have enough charging points yet.
- Convincing people outside cities to switch to EVs takes time.
The Road Ahead
Tata wants to own half of India’s EV market, and while that’s a huge goal, they have the right plan and the brand to pull it off. For buyers, this means better cars and more choices soon. For India, it’s a cleaner, greener future.
Article By
Sourabh Gupta
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