Market & News

Ashok Leyland achieved total sales of 21,533 units in month of December 2025 compared to 16,957 units in December 2024, recording a growth of 27%. Total sales include domestic sales of 19,855 units (up 26% YoY).

Force Motors sold 3048 vehicles in month of December 2025 compared to 2036 vehicles in December 2024, recording a growth of 49.80%. Exports included in total sales stood at 96 vehicles (higher by 88.24% YoY).

Eicher Motors announced that VE Commercial Vehicles, an unlisted subsidiary of the company, sold 10,384 units of trucks and buses in the month of December 2025 compared to 8,324 units in December 2024, recording a growth of 24.7%.

Escorts Kubota Agri Machinery Business in December 2025 sold 7,577 tractors registering a growth of 38.5% as against 5,472 tractors sold in December 2024.

Domestic tractor sales in December 2025 were at 6,828 tractors registering a growth of 36.1% as against 5,016 tractors in December 2024. The domestic tractor industry sustained its strong performance in December, propelled by supportive government policies, lower GST rates, and continued state subsidies that enhanced affordability for farmers. Industry benefited from a strong Kharif output, enhanced Rabi sowing as compared to last year, increased water availability, and positive rural sentiment, all of which contributed to heightened retail demand. With these encouraging factors in place, the industry is poised to sustain its growth momentum in the upcoming months.

Export tractor sales in December 2025 were at 749 tractors registering a growth of 64.3% as against 456 tractors sold in December 2024.

Mahindra & Mahindra announced that its overall auto sales for the month of December 2025 stood at 86,090 vehicles compared to 68,814 vehicles in December 2024, a growth of 25%.

Total sales include passenger vehicle sales of 50,946 units (higher by 23%) and commercial vehicle sales of 32,324 units (higher by 33%).

Exports stood at 2,820 units (lower by 9%) in December 2025.

Siemens announced change in senior management as detailed below:

Dr. Shilpa Kabra Maheshwari ceased to be the Head – People & Organisation of the Company, effective close of business hours of 31 December 2025.

Sabine Schneider is appointed as the Head – People & Organisation of the Company, effective 1 January 2026.

Rajiv Suri ceased to be the Head - Environmental Health and Safety of the Company, effective close of business hours of 31 December 2025.

Sweta Praharaj is appointed as the Head - Environmental Health and Safety of the Company, effective 1 January 2026.

Head - Strategy & Sustainability is categorised as Senior Management, effective 1 January 2026. The current Head of Strategy & Sustainability of the Company is Dr. Anantharaman Subramaniyan.

SML Mahindra sold 1044 vehicles in month of December 2025 compared to 364 vehicles in December 2024, recording a growth of 67%. Total sales include 462 cargo vehicles (up 76% YoY and 582 passenger vehicles (up 60% YoY).

Tata Motors Passenger Vehicles announced that sales in the domestic & international market for Q3 FY26 stood at 171,013 units, compared to 139,829 units during Q3 FY25, recording a growth of 22.3%

For the month of December 2025, sales stood as follows:

Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles said, “CY25 saw steady progress for the PV industry powered by a growing preference for SUVs and accelerating adoption of cleaner, emission-friendly powertrains.

For Tata Motors, it was the fifth consecutive year of record-breaking annual sales, with 587,218 units sold, including the highest-ever EV volumes of 81,125 units in a calendar year. For Tata Motors Passenger Vehicles, the momentum sparked by the rollout of GST 2.0 in late Q2 FY26 gained further traction in Q3, resulting in several new records. We achieved our highest-ever quarterly wholesales of 171,103 units, while retail sales/registrations crossed the coveted 200,000 units milestone for the first time. Nexon led the charge as India's top-selling car/SUV in October and November and is on track to retain this leadership for Q3 FY26, with sales ~64,000 units. Punch dominated its segment and Tiago delivered robust growth, reinforcing its preference among hatchback favorites.

December was another standout month as we continued our growth trajectory with 22% growth YoY. At the same time, our retail sales significantly exceeded wholesales, driving dealer inventory down to ~18 days, and underscoring our strategic focus on demand-led growth and prudent channel health management.

Our multi-powertrain strategy delivered exceptional YoY growth in Q3FY26, with CNG volumes crossing 47,000 units and overall SUV volumes rising by a strong 18%. EV adoption accelerated significantly, supported by enhanced capabilities, longer range, lifetime battery warranty, and price parity with ICE counterparts, translating to a robust 50% YoY growth. Q3 FY26 also witnessed major product introductions, including the unveiling of Harrier and Safari in petrol and the launch of the highly anticipated Sierra, which has been exceptionally well received.

Looking ahead, we remain confident about the PV industry's growth. With deliveries of recently introduced products commencing in Q4 and an exciting pipeline of launches and innovations on the anvil, Tata Motors is well poised to accelerate its growth trajectory in FY26.”

Anant Raj will hold a meeting of the Board of Directors of the Company on 21 January 2026.

Vega Jewellers will hold a meeting of the Board of Directors of the Company on 3 January 2026.