MAM
Pidilite shuffles top deck, appointing Vats as MD and Singh as joint MD
MUMBAI: Pidilite Industries has announced a shake-up in its top brass, appointing Sudhanshu Vats as managing director and Kavinder Singh as joint managing director, effective from 10 April 2025. This move comes as Bharat Puri, who’s steered the company for a decade, steps down from his managing director role.
The board expressed “deep appreciation and gratitude” for Puri’s “valuable contributions..” Puri, who’s been at the helm since 10 April 2015, will transition to a non-executive and non-independent director role for a three-year term.
M.B. Parekh, executive chairman of Pidilite, waxed eloquent about Puri’s tenure, stating, “Pidilite has made substantial progress and created significant shareholder value during his term.” He also welcomed Vats and Singh, saying their appointments “will reflect the next phase of the Pidilite leadership journey.”
Meanwhile, in a separate announcement, the company also appointed Durai Babu Sreenivasan as chief business officer (industrial products – IP), effective from 1 April 2025. Sreenivasan, a seasoned sales and marketing veteran with over 31 years of experience in the adhesives sector, joins Pidilite’s senior management team. He’s had stints at Henkel Adhesives Technologies, Raghavendra Chemicals, and Delta Forge., and holds an MBA in Marketing from Annamalai University.
Brands
Honda Motorcycle & Scooter India revs up with 63.69 lakh units in FY2026, posts 9 per cent growth
The two-wheeler giant closes the fiscal year on a strong note, with March 2026 delivering a blockbuster 29 per cent year-on-year surge
GURUGRAM: Honda Motorcycle & Scooter India has ended FY2026 in fine fettle. The two-wheeler maker recorded total sales of 63,69,504 units in the April 2025 to March 2026 period, a 9 per cent jump over FY2025, driven by sustained customer demand, improving market sentiment and a sharp focus on strengthening its presence across key segments.
The year’s finale was nothing short of spectacular. In March 2026 alone, HMSI shifted 5,49,145 units, a blistering 29 per cent growth over March 2025. Domestic sales for the month stood at 5,12,303 units, with exports contributing a further 36,842 units.
Zoom out to the full year and the picture is equally robust. Of the 63,69,504 units sold in FY2026, domestic sales accounted for 57,49,275 units, while exports came in at 6,20,229 units. The performance reflected a balanced showing across both markets, underpinned by a strong product portfolio and HMSI’s consistent emphasis on quality, reliability and customer satisfaction.
The company, which operates across 7,000-plus touchpoints in India, also underscored its commitment to road safety, pointing to its “Safety for Everyone” vision and the deployment of technologies such as ABS, CBS and rider-assist features across its range.
Twenty-nine per cent in March. Nine per cent for the year. For Honda in India, FY2026 was a very good ride indeed.
