Tech Mahindra has announced its plan to consider and release the third quarter financial results on January 16, marking an important date for investors and stakeholders tracking the company's performance.

Quarterly Results Schedule

The IT services company has set January 16 as the date for announcing its Q3 financial results. This scheduled announcement follows the standard corporate practice of quarterly financial disclosures, providing transparency to shareholders and market participants.

Significance for Stakeholders

The upcoming results announcement will provide crucial insights into Tech Mahindra's operational performance and financial health during the third quarter. Investors, analysts, and market participants will closely monitor these results to gauge the company's progress and strategic direction.

The scheduled date allows stakeholders to prepare for the financial disclosure and assess the company's quarterly achievements. This transparency in financial reporting maintains investor confidence and supports informed decision-making in the market.

Market Expectations

The January 16 announcement date provides a clear timeline for market participants to anticipate the company's quarterly performance data. The results will offer detailed financial metrics and operational highlights from the third quarter period, enabling comprehensive analysis of the company's business trajectory.

A new report by market intelligence firm Lightstone has revealed that half of the cars sold in South Africa in 2025 have connections to India, marking a significant shift in the country's automotive landscape. These vehicles are either manufactured by Indian companies or contain components made in India, demonstrating the growing influence of Indian automotive manufacturing in the South African market.

Indian Brands Leading Market Penetration

Mahindra & Mahindra has emerged as a key player in the South African automotive market, particularly through its Pikup series, according to the Lightstone report. The company's success highlights the growing acceptance of Indian automotive brands in international markets. Additionally, Tata Motors has also established a notable presence in the region, contributing to India's expanding automotive footprint.

The following table illustrates the market share breakdown for 2024:

Japanese Brands Manufactured in India

A striking revelation from the report shows that 84% of all Japanese-branded light vehicles sold in South Africa in 2024 were imported from India, with only 10% actually built in Japan. Most of these vehicles originate from Maruti Suzuki operations in India, which also supplies Japanese brand Toyota vehicles including:

• Toyota Starlet
• Toyota Starlet Cross
• Toyota Vitz
• Toyota Urban Cruiser

This manufacturing strategy leverages India's competitive advantages in automotive production while maintaining established brand recognition in the South African market.

Passenger Vehicle Dominance

When excluding sales of Pikups and light commercial vehicles, India's market share becomes even more pronounced. Lightstone figures for the first five months of 2025 showed that 49% of all passenger vehicle sales were imported from India, representing nearly half of the South African passenger car market.

Manufacturing Cost Advantages

Andrew Hibbert, Auto Data Analyst at Lightstone, attributed the growth in vehicle sales originating from India to the large number of vehicle manufacturers now producing in the country. The key factors driving this trend include:

• Relatively cheap cost of labour
• Overall lower manufacturing costs
• Established automotive ecosystem
• Quality manufacturing capabilities

Market Perception vs Reality

Despite the high visibility of Chinese vehicles from manufacturers like Haval and Cherry on South African roads, the data reveals a different story. While these brands have gained popularity among buyers over the past three years, Chinese imports accounted for just 11% of vehicle sales in 2024. This contrasts sharply with the common perception that Chinese brands are leading the market.

Impact on Local Industry

Analysts noted that while the trend is helping buyers obtain price relief, it raises concerns for the local automotive industry. The data shows a dramatic shift from 2009, when approximately half of the light vehicles sold in South Africa were locally produced, compared to just 5% sourced from India. This transformation highlights the changing dynamics of global automotive manufacturing and trade patterns in the region.