The asking price has gone up by almost ₹11,000.

In Q4 FY25 alone, Mahindra sold 253,000 vehicles, marking an 18 per cent growth year-on-year, including 149,000 utility vehicles.

The Investment and Credit Rating Agency forecasts that Ola's battery manufacturing arm is technologically complex and relies heavily on imports.

The price announcement is slated for May 22, with deliveries to follow soon after.

For the first time in recent history, Mahindra outpaced both Hyundai Motor India and Tata Motors to emerge as the second-highest PV seller in the country.

Passenger vehicles (PV) remained largely resilient, with a 1.3 per cent YoY growth.

Piastri's fourth win of the season extends his championship lead to 26 points over teammate Norris, with Russell taking third for Mercedes.

While the official announcement is yet to be made, the Mahindra XUV700 website indicates that production of all 5-seater variants—ranging from the entry-level MX to the mid-range AX5—is phased out.

Electric vehicles priced above ₹25 lakh—previously exempt from road tax—will now be taxed at a 10% lifetime rate.

These tariffs, aimed at protecting domestic manufacturing, have added significant costs to overseas automakers selling in the American market.