Mahindra To Launch Two New EVs As Ramp-Up Phase Begins

02 Dec 2025 CW Team

Mahindra & Mahindra is preparing to accelerate its electric-vehicle strategy, with Executive Director Rajesh Jejurikar confirming that the company is “ready to ramp up.” After weeks of speculation about a single EV launch, he revealed that two new electric models will be unveiled next week on 26 and 27 December, rather than one.

Jejurikar said Mahindra’s EV journey has been intentionally paced to allow organisational learning. “The last six months have been about building capability across the channel, back end, quality and software,” he noted, explaining that some products were phased out to allow the ecosystem to mature. With that foundation in place, he expects EV sales to rise from January onwards, consistent with the company’s earlier plan of 4,000–5,000 units per month.

Mahindra is also outlining a long-term roadmap for its internal-combustion engine (ICE) business. The iQ platform, unveiled on 15 August, will underpin a new generation of ICE models from 2027. “The first set of products are ICE products… and there are some really exciting ones,” Jejurikar said, adding that four concepts have already been shared with investors.

He reiterated that the recent GST cut has been transformational for the auto sector, calling it a “landmark decision.” Sectors dominated by commercial operators are seeing the most immediate gains because a 10 per cent price reduction has a clear impact on total cost of ownership.

Jejurikar added that SUV demand has remained robust after the festive season and that the GST cut has been a “game changer,” prompting Mahindra to revise its five-year tractor industry outlook from 7 per cent to 9 per cent.

Mahindra & Mahindra recently reported a 31 per cent year-on-year increase in SUV sales — its highest monthly growth to date — supported by new product launches.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..