BSE Auto Sector Regulatory Filings — June 01, 2026

May 2026 total production up 17.4% YoY, with Mini segment surging 83.2% YoY and UVs up 25.1% YoY; highest-ever monthly sales of 242,688 units (+34.8% YoY)

Highest ever monthly sales of 566,585 units (+31% YoY), EV sales surging 56% YoY to 43,632 units, international business up 49% YoY

Overall auto sales grew 20% YoY, farm equipment (tractors) up 23% YoY, 3-wheeler sales surged 89% YoY, exports up 37% YoY

Total CV sales up 17% YoY, domestic SCV cargo and pickup up 30% YoY, passenger carriers up 21% YoY

LCV sales up 13% YoY, but M&HCV sales down 11% YoY and bus sales plunged 35% YoY

Supply chain challenges (manpower shortages) flagged as constraining auto sales growth; cautious near-term outlook for CV industry due to cost pressures and geopolitical uncertainties

Mini segment (Alto, S-Presso) sales dropped 60.3% MoM in May 2026, and sales to other OEMs declined 28.8% YoY

International business declined 9% YoY to 2,066 units, indicating weakness in export markets

Total domestic sales down 3% YoY, cumulative Apr-May M&HCV bus sales down 29% YoY

Upcoming non-deal roadshow with J.P. Morgan and participation in HSBC Asia Credit Conference may attract investor interest; no UPSI shared

Manpower shortages at select suppliers are constraining auto sales growth, with potential to worsen if not resolved

Management flagged cautious near-term outlook for CV industry due to cost pressures and geopolitical uncertainties, which could impact future sales

Domestic M&HCV sales down 11% YoY, with bus sales plunging 35% YoY; cumulative Apr-May bus sales down 29% YoY, indicating structural weakness

Mini segment sales dropped 60.3% MoM in May 2026, suggesting demand lumpiness or inventory correction

Sales to other OEMs declined 28.8% YoY, potentially indicating loss of contract or reduced demand from partners

International business declined 9% YoY, contrasting with strong domestic growth; may reflect global demand slowdown or competitive pressures

Including exports, total sales down 4% YoY, underperforming peers like Tata Motors (+17%) and M&M (+20%)

Cargo vehicle sales declined 17% YoY, indicating weakness in a specific sub-segment

EV sales surged 56% YoY to 43,632 units, outpacing overall growth; company is well-positioned in the EV transition with Deming Prize quality recognition

Utility Vehicle sales up 44.4% YoY to 79,267 units, reflecting strong demand for SUVs; company's focus on this segment could drive further gains

Farm equipment sales up 23% YoY, with 47,845 tractors sold domestically; strong rural demand and favorable monsoon outlook could sustain momentum

3-wheeler domestic sales surged 89% YoY to 12,536 units, indicating strong demand in last-mile connectivity and potential for continued growth

SCV cargo and pickup sales up 30% YoY, passenger carriers up 21% YoY; these segments are outperforming and could benefit from infrastructure spending

LCV sales up 13% YoY, bucking the M&HCV weakness; if the trend continues, LCV could become a larger contributor

Exports grew 34.3% YoY to 41,914 units, indicating successful international expansion; cumulative Apr-May exports up significantly

International business grew 49% YoY to 175,991 units, showing strong global demand; company's manufacturing presence in Indonesia supports this

TVS Motor (+31% YoY) and Maruti Suzuki (+34.8% YoY) reported record sales, driven by SUV, UV, and EV segments, indicating robust consumer demand in personal mobility

Tata Motors (+17% YoY) and M&M (+20% YoY) showed strong CV growth, while Ashok Leyland (-4% YoY) declined, suggesting market share shifts or product mix issues

TVS Motor's EV sales surged 56% YoY, and Maruti Suzuki's Mini segment (including EVs) grew 83.2% YoY in production, indicating rapid EV adoption in two-wheeler and entry-level segments

M&M flagged manpower shortages and cautious CV outlook due to cost pressures and geopolitical uncertainties, highlighting sector-wide risks that could temper growth

TVS Motor (+49% YoY) and Maruti Suzuki (+34.3% YoY) saw strong export growth, while Tata Motors (-9% YoY) and Ashok Leyland (exports included in total decline) faced headwinds, suggesting divergent export strategies

Non-deal roadshow with J.P. Morgan (June 17-19) and HSBC Asia Credit Conference (June 18); watch for any material updates or investor feedback [June 17-19, 2026]

CITI India Conference 2026 on June 5; management may provide additional color on supply chain issues and outlook [June 5, 2026]

Monitor Mini segment sales trend in June to see if MoM decline is temporary or structural; also watch OEM sales recovery [Ongoing]

M&HCV and bus sales trend in June; if decline continues, it may signal deeper industry weakness [Ongoing]

International business performance in June; a continued decline could impact overall growth [Ongoing]

Supply chain resolution timeline; any further commentary on manpower shortages will be key [Ongoing]

EV sales momentum and international business growth; watch for any capacity constraints [Ongoing]

Q1 FY2027 earnings calls in July/August for detailed financials and guidance updates [July-August 2026]