Brands
Britannia faces Rs 64 lakh GST demand over ineligible input tax credit
KOLKATA: Britannia Industries has received an order from the Deputy Commissioner of Commercial Taxes, Large Taxpayers Unit-1, Bengaluru, demanding Rs 63,91,842 under Section 73 of the Central Goods and Services Tax Act, 2017, over alleged ineligible input tax credit. The amount includes Rs 35,20,360 in tax, Rs 25,19,446 in interest and Rs 3,52,036 in penalties.
The order, uploaded on the GST portal and received via system-generated email on 29th December 2025, has been acknowledged by the company. T. V. Thulsidass, company secretary, confirmed that there is no material impact on Britannia’s financials or operations. The company intends to exercise all legal remedies available under the GST law.
Britannia insists the matter is appealable and is taking steps to contest the claim, signalling that while the tax bite is notable, the business engine keeps running.
Brands
Hyundai India posts record April sales with 17-per cent growth
Domestic sales hit 51,902 units, exports stand at 13,708 units
MUMBAI: Hyundai is clearly shifting gears and April has put the pedal firmly to the metal. Hyundai Motor India Limited (HMIL) has reported its highest-ever domestic sales for the month of April, clocking 51,902 units in April 2026, marking a 17 per cent year-on-year growth. The milestone sets a strong tone for the new financial year, signalling sustained demand momentum across its portfolio. Alongside domestic performance, the company recorded export volumes of 13,708 units for the month, underlining its continued strength in overseas markets.
The growth has been driven by a mix of refreshed models and special editions across segments. Recent launches and updates including the Exter, Verna, Ioniq 5, Creta Summer Edition, Grand i10 NIOS Vibe Edition and Venue Knight Edition have helped keep the line-up competitive in an increasingly crowded market.
A standout performer was the Venue, which recorded its highest-ever monthly domestic sales of 12,420 units. The model’s 5-Star Bharat NCAP safety rating, including for the VENUE N Line, appears to have bolstered consumer confidence, reflecting a broader industry shift where safety credentials are becoming a key purchase driver.
Tarun Garg, Managing Director and CEO, HMIL, said the company has carried forward recent momentum into the new financial year, with product interventions and safety-focused positioning playing a central role in driving growth.
The numbers suggest Hyundai’s strategy is ticking multiple boxes fresh product cycles, safety-led messaging and steady export performance. If April is any indication, the company isn’t just starting the year strong, it’s aiming to keep the engine running at full throttle.
