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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 Juno Joule Bio Fuels begins construction of compressed bio-gas project in Telangana Mcap of 8 of top-10 most valued firms jumps ₹4.13 lakh cr; HDFC, ICICI Bank top gainers Coal India absorbs cost surge to shield consumers from price spike Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptions Luxury carmakers hope West Asia ceasefire will lift consumer sentiment Pharma and healthcare companies to face continued margin pressure: HDFC Securities Maruti Suzuki to launch 4 EVs by 2031 India Inc flags surge in cost of packaging raw material, seeks relief measures Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Reliance seeks government approval to buy Iranian crude oil IPL 2026: Ad volume witness marginal dip in first 13 matches West Asia Crisis: Induction cooking may consume 13-27 GW power Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Shapoorji Pallonji group reiterates call for public listing of Tata Sons THINK Gas launches GIS platform for instant PNG availability check, faster connections Swiggy co-founder Nandan Reddy to exit; board rejig sees Phani Kishan, Rahul Bothra elevated Tata Sons listing in public interest: Shapoorji Pallonji Mistry Tata Power partners with CORE Academy to train renewable energy workforce Q4 Results Highlights: TCS shares down after Q4 results, Anand Rathi & GM Breweries flat, Agri-Tech, Eco Hotels and Resorts, Vashu Bhagnani Industries to announce Q4 results Coal India absorbs price shock despite sharp rise in operational costs Pepperfry opens first factory outlet in Pune, expands offline footprint Toyota Kirloskar Motor partners Wipro 3D to set up CoE in additive manufacturing Taazé brings in Varun Chakaravarthy, Aishwarya Rajesh as investors Chalet Hotels activates cost saving steps, growth plans remain intact: CEO Shwetank Singh Ajmera Realty jumps 3% as record FY26 pre-sales lift sentiment Hyatt eyes acquisitions to scale up India presence 5X in 5 yrs MWL shares edge up after vendor empanelment Godrej Properties shares rise on record FY26 results; stock up 1.7% in afternoon trade Nifty crosses 24,000; IT stocks bleed as broader market rallies India's Jio-BP does not plan to raise fuel prices, CEO says Nykaa opens luxury Charlotte Tilbury flagship boutique in India Om Power Transmission IPO subscribed 46% on day 2 morning Crude surge, geopolitical tensions weigh on IT; financials, paints outperform RBI moots delay and kill switch feature to combat rising online frauds Reliance caps fuel sales at $11 per pump amid growing shortages Sanjay Khanna appointed BPCL CMD Milky Mist beats FY26 targets, IPO on track, says CEO Ola Electric hits upper circuit, closes 20% higher Eli Lilly’s Mounjaro loses ground to less-expensive semaglutide generics & innovator Novo Nordisk’s products Freshworks appoints Kuntal Vahalia Senior Vice President, Partnership Channel HRS Aluglaze bags ₹27-crore order Capri Global Capital to raise ₹500 crore through debenture issue Brand Concepts bets on premium push with Off-White entry, eyes metro expansion Skoda VW eyes 5% india market share; Taigun facelift unveiled Systematix Private Wealth aims ₹40,000-crore AUM in five years Blockchain For Impact launches $50-m innovation platform for medtech ecosystem TCS Q4 Results Highlights: IT bellwether Q4 PAT up 12% y-o-y; FY26 profit sees marginal growth ABD Maestro launches ZOYA Pink Mix Berries Gin at ₹2,500 in Maharashtra Anand Rathi Wealth Q4 profit jumps 41%; board announces bonus issue, dividend Hilton ties up with Royal Orchid Hotels to add 125 hotels Aimtron Electronics bags ₹57.66 crore IIoT and AI surveillance orders Granules India to tighten oversight after US FDA warning, exec says Wow! Momo Foods to add 200 outlets; eyes ₹1,200 cr revenue in FY27 Adani Green Energy's arm inks pact with UAE’s Minerva to develop renewable energy projects in India Mercedes to hike prices again; luxury market splits with BMW US market to dent India pharma earnings even as domestic growth remains firm: Report Uniqlo owner Fast Retailing books 29.4% rise in Q2 profit, raises forecast Adani shares slide lower after rally on fresh SEC case developments ASK Property Fund exits two realty investments for ₹400 crore Tata Trusts trustee Vijay Singh earned ₹20 cr in fees, commission from Tata firms Japanese global cosmetic brand KOSE shares strategy with special attention to India Glenmark gets USFDA nod for generic progesterone vaginal inserts NCLAT upholds NCLT order on distribution of funds from a resolution plan Premier Energies bags orders worth ₹2,577 cr in Q4 FY26 JBM Auto to raise $500 Mn as 10,000-bus order book surges
Carmakers see high demand in May despite West Asia disturbance
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