Business

Strong Annual Performance Driven by ICE and EV Demand JSW MG Motor India reported a 19 percent year on year increase in sales in calendar year 2025, with total volumes reaching 70,554 units compared with the previous year. The performance reflects sustained demand across the company’s internal combustion engine and electric vehicle portfolios.December Wholesale Volumes Remain Steady In December 2025, the company recorded wholesale sales of 6,500 units, indicating stable momentum toward the end of the year. Demand remained balanced across product segments, supporting overall annual growth.MG SELECT Channel Sees Sharp Growth The company’s luxury retail channel, MG SELECT, delivered a strong performance during the month. Wholesale...

Sales More Than Double Compared to 2024 Skoda Auto India recorded its strongest-ever sales performance in the country in 2025, with total vehicle sales rising to 72,665 units. This marks a more than two-fold increase compared with 35,166 units sold in 2024.The performance was achieved during the company’s 25th year of operations in India, making 2025 a landmark year in its domestic journey.Anniversary Year Marked by Portfolio and Network Expansion Commenting on the milestone, Brand Director Ashish Gupta said the anniversary year reflected the brand’s most enhanced and diverse product portfolio to date. He added that the company is currently at its widest in terms of network expansion and market presence across the country.The...

Chennai, January 1, 2026: Eicher Motors Limited-owned Royal Enfield reported robust momentum in December 2025, posting motorcycle sales of 1,03,574 units, marking a 30% year-on-year increase compared with 79,466 units in the same month last year. The performance capped a strong finish to the calendar year, supported by sustained domestic demand across core models. Monthly Performance Snapshot Royal Enfield’s growth in December was led by the domestic market, while exports moderated during the month.SegmentDecember 2025December 2024YoY ChangeDomestic93,17767,891+37%Exports10,39711,575-10%Total1,03,57479,466+30%Year-to-Date Sales Strength On a year-to-date basis (April to December), Royal Enfield continued to scale up...

New Delhi, January 1, 2026: Maruti Suzuki India Limited (MSIL) reported strong sales performance in December 2025, with total vehicle dispatches rising 22 percent year-on-year to 2,17,854 units, compared with 1,78,248 units in December 2024. The growth was led by robust domestic demand, which touched a new monthly record. December 2025 Sales SnapshotParticularsDecember 2025 (Units)December 2024 (Units)Domestic Passenger Vehicles1,78,6461,30,117Light Commercial Vehicles3,5192,406Total Domestic Sales1,82,1651,32,523Sales to Other OEMs9,9508,306Exports25,73937,419Total Sales2,17,8541,78,248Domestic sales at 1,82,165 units marked the highest-ever monthly domestic volume for the company, supported by steady demand...

Mumbai, January 1, 2026 – 5paisa Capital Limited (BSE: 540776, NSE: 5PAISA) has received an assessment order confirming a tax demand of ₹31.97 lakh, including interest and penalties, for the financial year 2021–22.Details of the Assessment The order relates to allegations of incorrect declaration of tax liability and availing of excess and ineligible input tax credit for the stated period. The total demand quantified stands at ₹31,97,477, which includes applicable interest and penalties.The company received the order on December 31, 2025, and is currently evaluating the matter.Company Response and Financial Impact 5paisa Capital has stated that it intends to challenge the order through an appeal within the prescribed timelines...

Noida, January 1, 2026: APL Apollo Tubes Limited (NSE: APLAPOLLO, BSE: 533758) reported its highest-ever quarterly sales volume in the third quarter of FY26, reflecting sustained demand across its building material and structural steel product portfolio. Q3FY26 Performance Snapshot The company recorded a sales volume of 916,976 tonnes in Q3FY26, marking a 11 percent year-on-year growth over 828,200 tonnes in Q3FY25 and a 7 percent sequential increase compared with 855,037 tonnes in Q2FY26. For the nine-month period ended December 2025, cumulative sales volume stood at 2,566,363 tonnes, registering an 11 percent YoY growth over 2,307,531 tonnes in the corresponding period of the previous year. Sales Volume ComparisonPeriodSales Volume...

Chennai, January 1, 2026: Karur Vysya Bank Ltd (NSE: KARURVYSYA | BSE: 590003) reported steady business momentum for the quarter ended December 2025, with total business rising to ₹2,11,643 crore, marking a year-on-year growth of 16.29 percent. The bank continued to deliver balanced expansion across deposits and advances, supported by sustained credit demand and stable deposit mobilisation during the quarter. Business Performance Snapshot (₹ crore)ParticularsDec 31, 2024Dec 31, 2025 (Provisional)YoY Growth (%)Sep 30, 2025QoQ Growth (%)Total Business1,81,9932,11,64316.292,03,2164.15Total Deposits99,1551,14,59515.571,10,4923.71Advances82,83897,04817.1592,7244.66CASA28,16731,19910.7630,5552.11Deposit and Credit Growth...

Rajkot, January 1, 2026: Atul Auto Limited (BSE: 531795 | NSE: ATULAUTO) reported a solid improvement in its three-wheeler sales performance for December 2025, supported by higher volumes in both internal combustion engine and electric vehicle segments, with overall momentum remaining positive in the ongoing financial year. Monthly Sales Performance During December 2025, Atul Auto recorded total domestic sales of 2,925 units, marking a 15.93 percent year-on-year growth compared with 2,523 units sold in December 2024. Domestic Sales Break-up (Units)Segment Dec-25 Dec-24 YoY Change3W – IC Engine 2,339 2,076 12.67%EV – L3 458 354 29.38%EV – L5 128 93 37.63%...

Kolkata, January 1 – Coal India Limited (CIL) reported a mixed performance in coal production and offtake for December 2025 and the April to December 2025 period, with month-on-month strength offset by a marginal decline on a cumulative basis.December 2025 Performance Coal India’s total coal production in December 2025 stood at 75.7 million tonnes, marking a 4.6 percent increase compared with 72.4 million tonnes produced in December 2024. The improvement was largely supported by stronger output from South Eastern Coalfields Limited and stable performance at Mahanadi Coalfields Limited.Total coal offtake during the month came in at 64.9 million tonnes, lower than 68.5 million tonnes recorded in the same month last year, reflecting a...

Hyderabad, January 1, 2026: EQUIPPP Social Impact Technologies Ltd (BSE: 590057, NSE: EQUIPPP) has hosted a sandbox session aimed at fine-tuning the design and operating framework of its proposed Constituency Development Exchange (CDX) and AI-Social Tech Professionals initiative, as the company moves closer to a broader institutional rollout.Focused Dialogue Ahead of Institutional Rollout The session was held at IIIT Hyderabad on December 30, 2025, and served as a preparatory dialogue to align stakeholder expectations and gather inputs from lawmakers, domain experts, diaspora leaders, investors, and representatives from the social impact ecosystem. The engagement was structured to refine how CDX and AI-Social Tech Professionals can...

Chandigarh, January 1, 2026: Steel Strips Wheels Limited (NSE: SSWL, BSE: 513262) reported its highest-ever monthly sales performance in December 2025, driven by strong domestic demand and a favourable premium product mix across key segments such as tractors, aluminium wheels and commercial vehicles. The company’s net turnover rose 22.44 percent year-on-year to ₹446.59 crore in December 2025, compared with ₹364.74 crore in the same month last year, marking the highest monthly net revenue in its operating history. Gross turnover increased 15.98 percent YoY to ₹515.87 crore, supported by higher realisations and improved average selling prices. Segment Performance Drives Record Turnover SSWL’s December performance was led by sharp growth...

Mumbai, January 1, 2026: Mahindra & Mahindra Limited reported a strong close to calendar year 2025, with total vehicle sales rising 25 percent year on year to 86,090 units in December, supported by robust demand across utility vehicles, commercial vehicles, tractors, and the trucks and buses segment. Auto Sales Performance Highlights The company delivered its highest-ever monthly SUV volumes, reinforcing its leadership position in the utility vehicle segment.Total vehicle sales stood at 86,090 units in December 2025, marking a 25 percent year-on-year increase. Domestic utility vehicle sales rose 23 percent to 50,946 units. Domestic commercial vehicle sales increased 34 percent to 24,786 units. Exports for the month were reported at...

Gurugram, January 1, 2026: Hyundai Motor India Limited on Wednesday announced that Tarun Garg has officially assumed charge as Managing Director and Chief Executive Officer, marking a historic first in the company’s nearly three-decade presence in the country.With this appointment, Garg becomes the first Indian national to head Hyundai Motor India since its inception, underlining the growing strategic importance of India within Hyundai Motor Group’s global operations.Leadership Transition Marks New Growth Phase Tarun Garg brings over 32 years of experience in the automotive sector, with deep expertise across sales, marketing, distribution, product strategy, financial management and brand building. His elevation comes at a time when...

New Delhi, January 1, 2026: Eicher Motors Limited (EICHERMOT) reported a strong performance by its commercial vehicle arm VE Commercial Vehicles Limited (VECV) in December 2025, with total sales volumes rising sharply on the back of robust domestic demand for trucks and improved export traction. December 2025 Sales Performance VECV recorded total sales of 10,384 units in December 2025, marking a 24.7 percent year-on-year growth compared with 8,324 units sold in December 2024. The growth was largely supported by higher volumes in Eicher-branded trucks and buses, including electric vehicles. Segment-wise Sales Comparison (December)SegmentDec 2025Dec 2024YoY GrowthTotal Eicher Trucks and Buses (incl. EVs)10,1778,03526.7%Domestic...

Bengaluru, January 1, 2026 – V.S.T Tillers Tractors Ltd reported a strong increase in sales volumes for December 2025, supported by higher demand across both power tillers and tractors, lifting year-to-date dispatches sharply compared with the previous year. December 2025 Sales Performance During December 2025, the company sold a total of 4,376 units, marking a solid improvement over 3,372 units sold in December 2024.Power tillers sales stood at 3,792 units, up from 3,007 units in the year-ago month. Tractors sales came in at 584 units, compared with 365 units in December 2024.Year-to-Date Sales Comparison For the period ended December 2025, cumulative sales volumes showed a notable expansion on a year-on-year basis...

Faridabad, January 1, 2026 Escorts Kubota Limited reported a strong surge in tractor sales during December 2025, supported by robust domestic demand and sharp growth in exports, while its construction equipment business continued to face a challenging operating environment. The company’s agri machinery business sold 7,577 tractors in December 2025, registering a 38.5 percent year-on-year growth compared with 5,472 units sold in the same month last year. Tractor Business Performance Domestic tractor sales stood at 6,828 units, reflecting a 36.1 percent increase over December 2024. The growth was aided by strong agricultural output, higher Rabi sowing activity, improved water availability, and positive rural sentiment, which together...

Mumbai, January 1, 2026: Vodafone Idea Limited (IDEA) has entered into an amendment agreement with its promoter group entities from the Vodafone Group, formalising the discharge and recovery framework of contingent liabilities arising from the 2017 merger between Vodafone India and Idea Cellular.Amendment Linked to Merger-Related Contingent Liabilities The amended agreement relates to the contingent liability adjustment mechanism that was established at the time of the merger. Under this mechanism, Vodafone Idea had earlier recognised a maximum receivable of ₹8,369 crore from the Vodafone Group promoters. Of this, ₹1,975 crore has already been received.Following the amendment executed on December 31, 2025, the remaining receivable...

New Delhi, December 31, 2025: Housing and Urban Development Corporation Limited (HUDCO) reported strong business momentum during the nine months ended December 31, 2025, with cumulative loan sanctions reaching ₹1,39,151.92 crore. Strong Loan Sanctions Momentum During the third quarter of FY26 alone, HUDCO achieved loan sanctions of ₹46,167.32 crore, contributing significantly to the overall nine-month performance. The steady pace of sanctions reflects continued demand across housing and urban infrastructure financing segments. Disbursements Maintain Healthy Trajectory Loan disbursements for the nine-month period stood at ₹41,346.70 crore. In Q3 FY26, disbursements amounted to ₹15,508.25 crore, indicating sustained execution and fund...

New Delhi, January 1, 2026 – Indian Renewable Energy Development Agency Limited (IREDA) continued to scale up its lending operations, reporting robust growth across key business parameters for the period ended December 31, 2025, based on provisional performance figures. The state-owned renewable energy financier recorded a strong increase in loan sanctions, disbursements and outstanding loan book, reflecting sustained demand for financing in the clean energy ecosystem and steady execution momentum through the year. Key Business Performance SnapshotParticularsDecember 31, 2025 (₹ crore)December 31, 2024 (₹ crore)GrowthLoan Sanctioned40,10031,08729%Loan Disbursements24,90317,23644%Loan Book Outstanding87,97568,96028%Lending...

Mumbai, January 1, 2026 – Sterling and Wilson Renewable Energy Limited (BSE: 542760 | NSE: SWSOLAR) has received a tax order amounting to approximately Rs 11.79 crore, including penalty and applicable interest as of date, related to the financial year April 2021 to March 2022.Details of the Order The order relates to a mismatch of input tax credit and a shortfall in taxes paid for the specified period. The communication was received by the company on December 31, 2025, while the order itself was issued on December 30, 2025.Financial Impact and Indemnity Coverage The company stated that the tax demand is partially covered under an indemnity agreement involving Reliance New Energy Limited, Shapoorji Pallonji and Co. Private Limited...