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.
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Hyundai Motor India posts highest-ever quarterly domestic sales of 1,66,578 units in Q4 FY2025-26
The carmaker clocks 8.5 per cent year-on-year growth in the January to March quarter, capping the fiscal year with a record-breaking March as well
GURUGRAM: Hyundai Motor India Limited has closed its fourth quarter on a high. The Gurugram-based carmaker posted domestic sales of 1,66,578 units in Q4 FY2025-26, its highest-ever quarterly domestic tally since inception, representing an 8.5 per cent year-on-year jump.
The numbers get better when exports are added in. Total quarterly sales, including exports of 41,697 units, a 9.4 per cent year-on-year rise, came in at 2,08,275 units for the January to March 2026 period, up 8.7 per cent year-on-year.
March 2026 delivered a record of its own. The company shifted 55,064 units in the domestic market last month, its highest-ever tally for any March since inception, up 6.3 per cent year-on-year. Total monthly sales for March, including exports of 13,940 units, stood at 69,004 units, a 2.5 per cent year-on-year rise.
Managing director and chief executive Tarun Garg struck a confident tone. “Continuing the momentum gained in 2026, we have achieved highest-ever quarterly domestic sales of 1,66,578 units in Q4 FY2025-26,” he said, pointing to upcoming product interventions including the recently upgraded Hyundai Verna and Exter as drivers of continued growth. Garg acknowledged geopolitical headwinds but said the company was “well-prepared for a strong FY2026-27, delivering aspirational, connected and innovative products, along with unmatched customer experience and pride of ownership.”
Records in the quarter, records in the month. For Hyundai Motor India, FY2025-26 has ended exactly the way it wanted.
