Top Corporate News Highlights in India: Key Players Drive Innovation, Expansion, and Export Momentum Across Sectors”

Top Corporate News Highlights in India: Key Players Drive Innovation, Expansion, and Export Momentum Across Sectors”

India’s industrial and innovation landscape is witnessing strong momentum across key sectors, as showcased by recent developments from major players. Mini Diamonds (India) Ltd. signed a strategic MOU to secure a consistent supply of lab-grown rough diamonds, reinforcing its leadership in sustainable jewellery. Cosmo First Ltd. commissioned a world-class BOPP packaging film line in Aurangabad, boosting capacity and efficiency. Steel Strips Wheels Ltd. reported a solid 20% YoY sales growth in May 2025, driven by strong export demand and commercial vehicle performance. Ather Energy expanded to 55 Experience Centres in Maharashtra, accelerating EV adoption with its latest family scooter, Rizta. Meanwhile, Ashok Leyland posted a 5% YoY rise in vehicle sales, led by strong M&HCV truck performance, reflecting continued resilience in the commercial vehicle market.

Corporate News 1 : Ashok Leyland Reports 5% YoY Growth in Total Vehicle Sales for May 2025

Ashok Leyland, one of India’s leading commercial vehicle manufacturers, has reported a 5% year-on-year (YoY) increase in its total vehicle sales (domestic + exports) for May 2025, showcasing steady demand across key segments.

According to a regulatory filing under Regulation 30 of SEBI’s Listing Obligations, the company sold 15,484 units in May 2025, compared to 14,682 units in May 2024.

Strong Growth in M&HCV Segment

The company’s Medium & Heavy Commercial Vehicle (M&HCV) Trucks segment was the primary growth driver:

• Domestic M&HCV truck sales rose by 12%
• Total M&HCV truck sales (including exports) increased by 11%

The M&HCV Bus segment also recorded a positive trend:

• 1% increase in domestic sales
• 9% growth in total sales (including exports)

LCV Segment Shows Minor Decline

However, the Light Commercial Vehicle (LCV) category witnessed a slight slowdown:

• 3% drop in domestic sales
• 4% decline in total LCV sales

FY25 Cumulative Sales Nearly Flat

For the financial year 2025 so far (April–May), Ashok Leyland’s cumulative vehicle sales stood at 28,905 units, which is marginally lower than the 28,953 units sold during the same period in FY24.

Market Outlook

Despite minor dips in some segments, Ashok Leyland’s overall performance remains strong, reflecting its robust market presence, reliable product lineup, and commitment to innovation and operational efficiency. The company continues to focus on expanding its product portfolio and enhancing customer reach to sustain long-term growth.

Corporate News 2 : Ather Energy Reaches 55 Experience Centres in Maharashtra with New Launch in Dharashiv

Ather Energy Limited, a key player in India’s electric two-wheeler market, has achieved a significant milestone by launching its 55th Experience Centre (EC) in Dharashiv, Maharashtra. This development underscores Ather’s aggressive expansion strategy and commitment to addressing the rising demand for electric vehicles (EVs) across the state.

Rapid Expansion Across Maharashtra

Corporate News In just the past two months, Ather has launched 16 new ECs in Maharashtra, expanding into cities such as Nashik, Solapur, and Bhusawal. The company now operates:

• 55 Experience Centres (ECs)
• 39 Service Centres, including 3 Gold Service Centres

This fast-paced growth supports the company’s goal to offer better accessibility and after-sales support for its growing customer base.

Ather Grid: India’s Largest 2-Wheeler Fast-Charging Network

Ather’s expansion is powered by Ather Grid, which has become India’s largest fast-charging network for electric two-wheelers, with 524 charging points now available across Maharashtra. This network ensures easy and convenient charging for Ather riders, enhancing the overall EV ownership experience.

Rizta and 450 Series Driving Demand

Ather’s latest product lineup is attracting strong interest:

• Spacious storage
• SkidControl™
• FallSafe™ safety systems

The high-performance 450X and 450 Apex include:

• Multi-mode traction control
• Extended riding range
• Advanced connectivity features

These offerings position Ather as a leader in smart and safe electric mobility.

Scaling Up Production to Meet Demand

To support this growth, Ather is ramping up its manufacturing capabilities with the construction of its third manufacturing facility in Maharashtra. Once operational, the company will achieve a total production capacity of 1.42 million vehicles annually, ensuring faster delivery and improved supply chain efficiency.

Driving the Future of Electric Mobility

With its cutting-edge products, expansive charging infrastructure, and customer-focused approach, Ather Energy is charging ahead in India’s EV revolution. The brand continues to innovate, build trust, and make electric mobility more accessible than ever.

Corporate News 3 : Steel Strips Wheels Ltd Posts Strong 20% Sales Growth in May 2025

Steel Strips Wheels Ltd. (SSWL) has reported an impressive 20% year-on-year (YoY) growth in overall sales volume for May 2025, showcasing its strong market position and export momentum.

The company achieved a net turnover of ₹470.35 crore, up from ₹342.04 crore in May 2024, while gross turnover rose 19.36% to ₹500.76 crore.

Export Surge Drives Growth

SSWL’s exports soared by 48% in volume and 64% in value, underscoring its expanding global footprint and increasing demand for premium-quality steel wheels in international markets.

Segment-Wise Highlights

• Commercial Vehicles: Volume up 33%, value up 26%
  
• Alloy Wheels: Volume up 29%, value up 43%
• Passenger Cars: Posted modest growth
• 2W/3W Segment: Volume declined by 23%

Despite the dip in the two- and three-wheeler segment, the company’s overall performance reflects strong operational capabilities and market adaptability.

Outlook

With this growth trajectory, SSWL is well-positioned to sustain momentum in both domestic and international markets, reinforcing its leadership in the steel wheels industry.

Corporate News 4 : Cosmo First Commissions ₹400+ Cr BOPP Film Line, Boosting Capacity by 40%

Cosmo First Limited, a global leader in specialty packaging films, has commissioned a state-of-the-art BOPP (Biaxially Oriented PolyPropylene) packaging film line at its Aurangabad facility. This major expansion involved a capital investment exceeding ₹400 crore.

Key Highlights

Strategic Impact

According to Group CEO Pankaj Poddar, the expansion is expected to ramp up swiftly due to favorable market conditions and supply-demand gaps in the industry. The move strengthens Cosmo’s positioning as a cost leader in advanced packaging technologies.

Cosmo’s specialty films segment has already witnessed a 10% CAGR growth over the past six years, and this expansion aligns perfectly with its strategy to deepen its presence in high-margin, innovation-led products.

Focus on Sustainability and Global Reach

Cosmo First’s continued investment reinforces its commitment to sustainability, technological innovation, and global leadership. The company remains a trusted packaging partner for leading F&B, personal care, and consumer brands worldwide.

Corporate News 5 : Mini Diamonds Inks Strategic MOU with Unique Lab Grown to Secure Monthly Supply of 15,000 Carats

Mini Diamonds (India) Limited (MDIL), a key player in the global diamond trade, has signed a landmark Memorandum of Understanding (MOU) with Unique Lab Grown, a top global producer of lab-grown rough diamonds. The partnership ensures a steady monthly supply of 10,000 to 15,000 carats sourced from 100 advanced production machines.

Key Highlights

• MOU signed to source 10,000–15,000 carats/month of lab-grown rough diamonds.
• Sourced diamonds will fuel MDIL’s state-of-the-art manufacturing facility in Mumbai.
  
• The facility uses cutting-edge equipment like Sarin Technology and Auto Bruiting Machines for precision processing.

Strategic Vision for Integration and Growth

This partnership marks a major step in MDIL’s strategic goal to become a fully integrated lab-grown diamond company, covering the value chain from rough synthesis to finished retail jewellery.

Chairman and Managing Director Upendra Shah shared that the agreement allows MDIL to scale operations efficiently, addressing increasing global and domestic demand for sustainable diamond jewellery.

Positioning in the Lab-Grown Diamond Sector

The MOU strengthens MDIL’s supply chain, enhances production reliability, and solidifies its position as a leader in the fast-growing lab-grown diamond industry. As the company transitions into a one-stop solution for lab-grown diamond-studded jewellery, it is set to become a dominant force in this sustainable luxury segment.

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