Business
Mahindra Vision S Concept Unveiled – Is It New-gen Bolero?
Mahindra Vision S Concept Details: This Independence Day, Mahindra & Mahindra unveiled four new concept models, the Vision S, Vision T, Vision SXT and Vision X, which are based on the brand’s new NU_IQ platform. According to Mahindra, this new platform is highly flexible and can support FWD, AWD, LHD, RHD setups, as well as electric, hybrid, and pure ICE powertrains. Among the new concept models, the Vision S is being speculated as the new-generation Bolero, which has also been spotted testing recently ahead of its anticipated launch in Q2 CY26. However, Mahindra has not confirmed if this is the new generation Bolero.
In terms of design, the new Mahindra Vision S Concept looks bold, boxy and dominating. The front features L-shaped LED DRLs and lighting equipment integrated into the new grille with the brand’s twin-peaks logo at the centre, ice-cube LED fog lights, contrast-coloured skid plate, and ADAS sensor. On the side profile, it gets 19-inch machined alloy wheels, roof-mounted aux lights, flush-fitting door handles, chunky body cladding, along with a Defender-style ladder and storage box on either side.
At the rear, a tailgate-mounted spare wheel, high-mounted stop lamp, vertically stacked LED light strips, and dual-tone rear bumper complete the design. The interior looks futuristic with a blue and black theme, contrasted by a silver theme on the dashboard. The new 3-spoke multifunction flat-bottom steering wheel with the ‘VISION S’ lettering in the centre, dual digital displays, along with three vertically positioned AC vents (one on each end and one in the middle), glossy black inserts, and new and premium buttons for several controls. There is a panoramic sunroof as well.
However, it is important to note that the Vision S is only a concept model yet, and the production version could see many changes. As for the upcoming Bolero, it may borrow some elements from this concept version for a more rugged look. A Bolero based on Vision S is also expected to be launched in the future.
It is unusual for a senior figure at the Bank to be so forthright on market movements.
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Consumer confidence has fallen for the third consecutive month amid household “jitters” over rapid price rises, figures show.
GfK’s long-running consumer confidence index fell four points to minus 25 in April, following falls of two points and three points in March and February respectively.
The deepening concern was driven by perceptions of the UK economy, with a six-point slide in confidence for the next 12 months to minus 43, its lowest level since February 2023.
Confidence in personal finances over the coming year fell five points to minus four – one point lower than this time last year.
The major purchase index – an indicator of confidence in buying big ticket items – held steady, albeit at minus 18 but one point better than last April.
The only measure to improve was the savings index – often an indication that households are concerned about their finances and looking to build contingency funds – which is up five points to 32.
Neil Bellamy, consumer insights director at GfK, said: “Consumers really do have the jitters now.
“It is a year since we last saw a monthly drop of this size, and we have to go back to October 2023 to find the last time consumer confidence was lower.
“Everyone is grappling with rapid price rises, especially at the fuel pumps, which are taking a dent out of household budgets, and people know further price hikes are coming.
“Consumer confidence is deteriorating sharply, with fuel prices and threats of more energy price increases acting as constant reminders of inflation.
“While the Gulf crisis is intensifying pressures, much of the current strain reflects earlier domestic cost increases.
“How long can all this disruption and pain continue?”
People walk past a Nike store in New York City, on April 2, 2025.
Kylie Cooper | Reuters
Nike announced a new round of layoffs Thursday affecting approximately 1,400 employees across the organization, mostly concentrated in its technology department.
In a note from COO Venkatesh Alagirisamy, the company said the layoffs were part of Nike’s broader “Win Now” turnaround strategy aiming to reshape its technology team, modernize its Air manufacturing, move some of its Converse Footwear operations and integrate its materials supply chain work into its footwear and apparel supply chain teams.
“Collectively, these changes will result in a reduction of approximately 1,400 roles in global operations, with the majority in technology,” Alagirisamy wrote. “These reductions are very hard for the teammates directly affected and for the teams around them, too.”
A Nike spokesperson said the layoffs are about better positioning the organization for the current pace of sports and accelerating its growth. The layoffs affect employees across North America, Asia and Europe and represent less than 2% of the company’s total global head count.
“This is not a new direction,” Alagirisamy wrote. “It is the next phase of the work already underway.”
Affected employees will be notified beginning Thursday, Nike added.
CEO Elliott Hill has been working to turn Nike around after years of slumping sales. While Hill has made some initial progress, it’s come with some bumps in the road.
Nike announced 775 job cuts in January, primarily at its U.S.-based distribution centers, due to the company’s work in accelerating its use of automation. At the time, the company said the cuts are part of Nike’s goal to return to “long-term, profitable growth.”
Those layoffs came on top of a round of cuts last summer that affected less than 1% of Nike’s corporate staff as part of the company’s efforts to realign the business.
In its third fiscal quarter earnings report last month, the retailer warned that sales will continue to fall for the rest of the year, primarily led by an anticipated 20% decline in China during the current quarter.
— CNBC’s Jessica Golden contributed to this report.
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