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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', .
The global automotive industry is facing a demanding environment due to factors such as uncertainty linked to trade tensions, supply chains and energy prices, according to International Organisation of Motor Vehicle Manufacturers (OICA) President Shailesh Chandra. Speaking at the launch of OICA's Global Automobile Industry's annual sales data at the sidelines of the Beijing Motor Show, he said technological change, geopolitical pressures and diverging public policies are reshaping the global automotive industry. Although there is growth in the automotive industry globally, it is distributed with some regions witnessing growth while others declined, Chandra, who is also the President of Society of Indian Automobile Manufacturers (SIAM) and Managing Director & CEO, Tata Motors Passenger Vehicles Ltd, said. In 2025, global automobile production of passenger vehicles, trucks and buses rose to 9.64 crore units from 9.27 crore units in 2024, an increase of 3.9 per cent, he said. On the .