Brands
Creta’s a class apart as Hyundai’s SUV hits a 2 lakh high
MUMBAI: Some milestones roll in quietly. Others arrive with a full-beam glare. In 2025, the Hyundai Creta did the latter, clocking its highest-ever annual sales of 2 lakh units and underlining why it remains India’s most dependable mid-size SUV favourite.
The landmark translates to an average of 550 Cretas finding new homes every single day, a pace that reflects both the model’s enduring appeal and its iron grip on a fiercely competitive segment. A decade after it first rolled out, the Creta continues to lead the category it helped define, posting a healthy CAGR of over 9 percent between 2016 and 2025.
With a commanding market share of more than 34 percent in the mid-size SUV space, Creta has evolved from a strong launch success into a true household name across the country, maintaining pole position despite a flood of new entrants.
Commenting on the milestone Hyundai Motor India Limited managing director and CEO designate Tarun Garg said the achievement marked a defining chapter in the brand’s journey. He noted that Creta has also emerged as India’s highest-selling SUV on a cumulative basis between 2020 and 2025, driven by a rapidly expanding and increasingly diverse customer base.
That evolution is visible in the numbers. First-time buyers now account for 32 percent of Creta customers, up from 13 percent in 2020. Aspirations have climbed too, with sunroof-equipped variants contributing over 70 percent of sales in 2025, while diesel powertrains continue to hold a solid 44 percent share.
Since launch, Creta has topped the mid-size SUV sales charts every completed year, cementing its leadership in one of India’s most prestigious automotive battlegrounds. Its broad portfolio remains a key strength, spanning petrol, diesel, turbo-petrol and electric options across multiple transmissions, giving buyers flexibility without compromise.
A decade on, Creta’s story is no longer just about numbers. It is about consistency, trust and an ability to move with changing tastes while staying firmly in the lead lane.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
