Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Mahindra brings in large EV to defend its revenue lead
Mint Ahmedabad
|November 28, 2025
Mahindra widens its portfolio to seven-seaters to capture higher-ticket customers
The XEV 9s is Mahindra's first seven-seater EV at base price tag of just under ₹20 lakh, with higher variants touching ₹30 lakh.
India’s electric vehicle (EV) playbook is being rewritten around larger and more aspirational sports utility vehicles (SUVs), and Mahindra and Mahindra—with its third electric launch in the segment within a year—plans to be at the centre of it.
The company has introduced a new electric SUV, XEV 9s, its first seven-seater with base price tag of just under ₹20 lakh, with higher variants touching ₹30 lakh. The company seeks to reinforce its lead in revenue market share after briefly falling behind Tata Motors during the September quarter, even as it emerged as the leader in the first half of fiscal year 2026 (FY26).
Its two earlier SUVs were five-seaters, with the BE 6 priced at ₹18-28 lakh and XEV 9e at ₹21-31 lakh.
This story is from the November 28, 2025 edition of Mint Ahmedabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Ahmedabad
Mint Ahmedabad
The curious case of LIC's voting on RIL, Adani resolutions
Life Insurance Corp. of India Ltd, or LIC, consistently approved or never opposed resolutions proposed before shareholders of Reliance Industries Ltd (RIL) or any Adani Group company since 1 April 2022, even as it rejected several similar proposals at other large companies, some even part of other conglomerates, a Mint review of about 9,000 voting decisions by the government-run insurer showed.
1 min
November 28, 2025
Mint Ahmedabad
360 One, Steadview, others to invest in Wakefit ahead of IPO
A clutch of firms, including 360 One, Steadview Capital, WhiteOak Capital and Info Edge, is expected to invest in home-furnishings brand Wakefit Innovations Ltd just ahead of its initial public offering (IPO) next month, three people familiar with the matter said.
1 min
November 28, 2025
Mint Ahmedabad
Diversification holds the key to reducing our trade vulnerability
India's merchandise exports are less exposed to US policy vagaries than services. The latter need to find new export markets
4 mins
November 28, 2025
Mint Ahmedabad
It's a multi-horse race on stock markets as Smids muscle in
tion through retail flows, systemic investment plans (SIPs) and passive assets under management (AUM).
2 mins
November 28, 2025
Mint Ahmedabad
Investors expect AI use to soar. That’s not happening
On November 20th American statisticians released the results of a survey. Buried in the data is a trend with implications for trillions of dollars of spending.
2 mins
November 28, 2025
Mint Ahmedabad
Tech startups on M&A route to boost scale, market share
M&As were earlier used to enter new markets or geographies, but that strategy has evolved
2 mins
November 28, 2025
Mint Ahmedabad
VentureSoul closes first debt fund at ₹300 crore
VentureSoul Partners has announced the close of its maiden debt fund at ₹300 crore, with plans to raise an additional ₹300 crore through a green shoe option by February 2026.
1 min
November 28, 2025
Mint Ahmedabad
GOING SOLO: FACING THE GROWING REALITY OF SOLITARY RETIREMENT IN INDIA
What we plan for ourselves isn't always what life plans for us.
2 mins
November 28, 2025
Mint Ahmedabad
Catamaran to boost manufacturing bets
Catamaran is focused on a few areas in manufacturing, such as aerospace
2 mins
November 28, 2025
Mint Ahmedabad
Can I claim TDS refund despite missing return filing deadline?
I am an NRI living in Dubai and have investments in Indian listed stocks. One of the companies I invested in, did a buyback in March, on which Tax Deducted at Source (TDS) was deducted. At that time, I was advised by a friend that I could claim a refund of TDS at the time of filing my tax return due to the benefits of the Double Taxation Avoidance Agreement (DTAA).
2 mins
November 28, 2025
Listen
Translate
Change font size