15th August 2025, is when Mahindra stunned the world with the debut of its multi-energy NU_IQ platform and four vehicles that were based on this NU_IQ platform. These include Vision S, Vision T, Vision X and Vision SXT. The first production model based on the NU_IQ platform will be the Vision S and testing of this vehicle had already commenced even before the unveil.
At their Q2 FY27 earnings call, Mahindra divulged about the production numbers for the NU_IQ based vehicles and their probable launch timeline. The first of these NU_IQ lineup could be the production-spec version of Vision S concept and it could take the sought-after Scorpio name into the high-volume Sub 4m SUV space.
Mahindra NU_IQ Based SUVs
At their Q2 FY27 earnings call, Mahindra & Mahindra reported robust overall results, with consolidated revenue up 25% and profit after tax up 25%. SUV and LCV (Light Commercial Vehicle) demand remained exceptionally strong, with vehicle sales primarily capped by production capacity rather than market appetite.
The company highlighted that physical dealer stocks are at very low levels, proving that volume growth is a direct reflection of strong consumer demand. Mahindra maintained a strong presence in EV realm as EVs account for 12% penetration of its total SUV sales. ZNG (CNG) launch also addresses the portfolio gap.
Mahindra’s next big bet is on their next-gen multi-energy NU_IQ platform which is aimed to expand Mahindra’s market share in the high-volume Sub 4m segment. Mahindra has revealed that the first NU_IQ offering is expected to launch by July 2027. The company has announced an annual launch strategy with NU_IQ with one SUV launching every year.
The initial NU_IQ product rollout is planned to add a dedicated production capacity of 10,000 units per month. NU_IQ is part of Mahindra’s broader manufacturing ramp-up plan scaling total ICE and EV capacity from 68,000 to 82,000 units this fiscal year, scaling further toward 92,000 units per month and eventually to 132,000 units by F31 with their new Nagpur plant.
New Nagpur Plant, Exports To UK
Mahindra has taken great strides towards their Nagpur plant and has committed to acquiring up to 2,000 acres of land along with a dedicated supplier park. The goal is to double its current manufacturing footprint and future-proof production operations, targeting 132,000 units per month by FY31.
The company also signified the severity of input costs inflation. Steel is up 17%, Copper up by 42% and rubber up by 40% YoY. Then there is RAM chip shortage, wars, supply and logistics costs.
