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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Carmakers see high demand in May despite West Asia distur...
By S Ronendra Singh · 2026-06-01 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Driven by sustained demand and new launches, automobile companies remained largely unaffected by geopolitical tensions and reported positive year-on-year (y-o-y) growth in their domestic sales in May.

Maruti Suzuki India (MSIL), the country’s largest passenger vehicles maker (PVs), reported that its wholesales (dispatches to dealers) surpassed the previous all-time high record set in April (2.39 lakh units) by selling over 2.42 lakh units in May.

According to industry executives, PV sales have grown by 26 per cent y-o-y at around 4.4 lakh units in May compared with 3.51 lakh units in May 2025. In the domestic market, MSIL recorded highest-ever monthly dispatches of 1,90,337 units during the month, a jump of 40 per cent y-o-y compared with 1,35,962 units in May 2025.

“All segments (mini, compact, midsize, utility vehicles and vans) registered y-o-y growth during the month and we have also recorded highest-ever CNG sales of around 78,000 units. We have a network stock of around 17 days and pending bookings of around 1.5 lakh vehicles,” said Partho Banerjee, Senior Executive Officer, Marketing & Sales, MSIL.

He said rural sales have also seen a growth of 55 per cent y-o-y during the month and the rural penetration to overall domestic sales have gone up to 53.2 per cent in May. Tata Motors emerged as the second largest PV seller in May, dethroning Mahindra and Mahindra (M&M) from the position with domestic wholesales of 59,090 units, registering a growth of 42 per cent y-o-y as compared with 41,557 units in May 2025.

M&M reported a growth of 11 per cent y-o-y to 58,021 units in May against 52,431 units in the same month last year.

Hyundai Motor India Ltd (HMIL) also said its domestic wholesales grew by 9 per cent y-o-y to 47,837 units in May, compared with 43,861 units in the same month last year. “In the first two months (April and May) of FY27, HMIL witnessed domestic sales rise by 13 per cent to 99,739 units, compared to 88,235 units in the same period of FY26,” said Tarun Garg, Managing Director and Chief Executive Officer, HMIL.

Kia India also said it has recorded highest-ever May sales since inception, with wholesale volumes of 27,586 units, recording a 23.6 per cent y-o-y growth over 22,315 units sold in May 2025.

“The continued strong demand for the new Seltos along with Sonet, coupled with the encouraging response to the Carens Clavis, Clavis EV and the MY26 Syros, helped us sustain our growth momentum. At the same time, recent initiatives like our Battery-as-a-Service (BaaS) programme are playing an important role in making electric mobility more accessible and practical for customers,” said Atul Sood, Senior Vice-President, Sales & Marketing, Kia India.

However, Hector-maker JSW MG Motor India reported a decline of 4 per cent y-o-y to 6,048 units in May, compared with 6,304 units in May 2025.

In the two-wheelers segment, Honda Motorcycle & Scooter India (HMSI) reported a growth of 10 per cent y-o-y to 4,59,611 units during the month, compared with 4,17,250 units in May last year.

TVS Motor Company reported a growth of 24 per cent y-o-y in its domestic two-wheeler wholesales to 3,84,565 units in May, compared with 3,09,287 units in the same month last year. Bajaj Auto also said its domestic wholesales grew by 9 per cent y-o-y to 2,09,528 units during the last month as compared with 1,91,412 two-wheelers in May 2025.

Published on June 1, 2026