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Two-wheeler maker Hero MotoCorp on Wednesday reported a 2.3 per cent decline in total dispatches to dealers at 5,41,159 units in June as compared to 5,53,963 units in the same month last year. Domestic sales were down at 5,02,890 units last month as against 5,25,136 units in the year-ago period, Hero MotoCorp said in a regulatory filing. Exports were, however, up at 38,269 units as compared to 28,827 units in the same month last year. Motorcycle sales in June were down at 4,78,701 units as compared to 5,12,658 units in the year-ago month, while scooter sales were up at 62,458 units as compared to 41,305 units in June 2025. VIDA, the company's emerging mobility business unit, delivered strong retail performance in June 2026 with 21,812 VAHAN registrations, growth of 185 per cent year-on-year, it added. The company said it posted a 23 per cent year-on-year growth in dispatches to dealers at 16.8 lakh units in the first quarter of FY27, as compared to 13.67 lakh units in the year-ago
Renault India on Monday said it has started exports of its new Duster SUV, with the first shipment leaving for South Africa. The first shipment of 750 vehicles departed from Chennai to South Africa, marking the beginning of Renault India's export programme for the new Duster, with additional international markets planned in the coming months, the company said in a statement. Commenting on the start of exports of the new Duster, Renault Group India CEO Stephane Deblaise said it is a strong validation of the quality, capabilities, and competitiveness of the company's operations in Chennai. "It reflects the progress we have made in building India into an integral part of Renault's global industrial footprint," he added. As Renault continues to expand its international footprint, Deblaise said, "India will play an increasingly strategic role in our future plans. We remain committed to contributing to the country's manufacturing ambitions and are working towards our objective of generat
Ola Consumer has turned free cash-flow positive and achieved profitability, widening the gap with rivals that continue to spend heavily to gain market share in India's fiercely competitive ride-hailing sector, according to company disclosures, industry estimates and people familiar with the matter. The company reported operating revenue of about Rs 1,171 crore in FY25, ahead of Rapido's Rs 934 crore. Industry estimates suggest the gap is even wider on a net revenue basis -- after accounting for customer discounts and driver incentives -- with Ola estimated to have generated Rs 250-300 crore in net revenue during the latest quarter, compared with around Rs 40-45 crore for Rapido and Rs 35-40 crore for Uber, according to people familiar with the developments. The performance reflects Ola's shift over the past two years towards a profitability-focused strategy, prioritising monetisation and cost efficiencies over aggressive discount-led growth. "Short-term growth driven by discounts an
Toyota Kirloskar Motor on Monday reported a 7 per cent rise in total sales at 33,128 units in May 2026 as compared to 30,864 units sold in the year-ago period. Domestic sales stood at 30,574 units in the reported month as compared to 29,280 units in May 2025, registering a 4 per cent growth year-on-year, according to a statement by Toyota Kirloskar Motor (TKM). However, exports grew 61 per cent at 2,554 units in May 2026 as compared to 1,584 units in the same month last year. Sabari Manohar, Executive Vice President, Sales-Service-Used Car Business, Toyota Kirloskar Motor, said, "This month (May) marked a significant milestone as we crossed 3 lakh Strong Hybrid Electric vehicle (SHEV) sales in India, underscoring the growing acceptance of SHEV technology and cleaner mobility solutions. "This achievement further strengthens our commitment to advancing sustainable mobility through a multi-pathway approach. We will continue to focus on innovation that aligns with evolving customer nee
Hyundai Motor India Ltd on Friday reported a 22.22 per cent decline in consolidated profit after tax at Rs 1,255.63 crore in the March quarter, impacted by higher expenses. The company had posted a consolidated profit after tax (PAT) of Rs 1,614.35 crore in the corresponding period of the previous fiscal year, Hyundai Motor India Ltd (HMIL) said in a regulatory filing. Consolidated total revenue from operations stood at Rs 18,916.15 crore as against Rs 17,940.28 crore in the year-ago period, it added. Total expenses were higher at Rs 17,571.66 crore as compared to Rs 15,974.46 in the corresponding period of the previous fiscal year, HMIL said. The company's board has recommended a dividend of Rs 21 per equity share of face value Rs 10 each for the 2025-26 financial year, it said. For FY26, consolidated PAT was lower at Rs 5,431.52 crore as compared to Rs 5,640.21 crore in FY25. Consolidated total revenue from operations in FY26 was at Rs 70,763.33 crore as compared to Rs 69,192.8
The Indian automobile industry is staring at a hit of about Rs 25,000 crore on bottom line for FY26 with the Environment Protection (End-of-Life Vehicles) Rules 2025 triggering an accounting standard clause that requires automakers to make budgetary provision for environmental compensation for vehicles sold in the past. According to industry executives, an "innocuous looking" clause in the Environment Protection (End-of-Life Vehicle) Rules, 2025 notified by Ministry of Environment, Forest and Climate Change, in January 2025 has spooked automakers after their auditors flagged the magnitude of its ramifications. The "Rule 4 (6)" of the January 2025 notification states, "In case the producer stops its operations, the producer must comply with its Extended Producer Responsibility (EPR) in respect of vehicles already made available in the market till closure of operations..." "This rule triggers accounting standard IND AS 37, ' Provisions, Contingent Liabilities and Contingent Assets', .