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Page 6 - Commercial Vehicle

Our aim is market share growth with an eye on margins: Ashok Leyland CEO-MD

In a Q&A, Vipin Sondhi says the firm will launch more LCVs and step up exports to Africa and Middle East as part of its de-risking strategy

Our aim is market share growth with an eye on margins: Ashok Leyland CEO-MD
Updated On : 28 Jun 2021 | 10:05 PM IST

Recovery hopes drive gains for pure-play CV maker Ashok Leyland

Street expects trend to continue with valuations supporting upmove

Recovery hopes drive gains for pure-play CV maker Ashok Leyland
Updated On : 11 Jun 2021 | 11:37 PM IST

SML Isuzu temporarily suspends production at manufacturing plant in Punjab

Commercial vehicles maker SML Isuzu on Monday said it will temporarily suspend production at its manufacturing plant in Punjab till June 11 due to supply issues and lower demand

SML Isuzu temporarily suspends production at manufacturing plant in Punjab
Updated On : 07 Jun 2021 | 1:32 PM IST

Ashok Leyland May sales rise to 3,199 units from 1,420 units in April

Commercial vehicles major Ashok Leyland Ltd closed last month with sales of 3,199 units up from 1,420 units sold in May 2020.

Ashok Leyland May sales rise to 3,199 units from 1,420 units in April
Updated On : 01 Jun 2021 | 4:09 PM IST

Ashok Leyland announces relief measures for pandemic-hit stakeholders

Commercial vehicles major Ashok Leyland on Tuesday announced various measures such as extending emergency support to vehicles transporting COVID essentials

Ashok Leyland announces relief measures for pandemic-hit stakeholders
Updated On : 18 May 2021 | 10:07 PM IST

Piaggio Vehicles adds 100 dealerships pan-India in commercial, PV biz

Piaggio Vehicles on Tuesday said it has added 100 dealerships in both its commercial and passenger vehicle businesses across India in 100 days despite challenging times.

Piaggio Vehicles adds 100 dealerships pan-India in commercial, PV biz
Updated On : 11 May 2021 | 10:44 PM IST

Tata Motors reviewing CCI order on probe against commercial vehicle biz

Tata Motors said it is reviewing the order by the CCI to initiate an investigation against its commercial vehicles business in India for alleged abuse of its dominant position

Tata Motors reviewing CCI order on probe against commercial vehicle biz
Updated On : 11 May 2021 | 4:20 PM IST

Multiple tailwinds likely to lift Bharat Forge further in FY22: Analysts

Most of its segments are expected to be in positive territory for the first time in several year

Multiple tailwinds likely to lift Bharat Forge further in FY22: Analysts
Updated On : 14 Mar 2021 | 9:44 PM IST

Tata Motors sees CV industry growth at over 30% next fiscal

Homegrown auto major Tata Motors expects the commercial vehicles industry to grow over 30 per cent in the next fiscal on the back of cyclical demand uptick and overall recovery of economic activity, according to a top company official. The company, which on Thursday launched its latest range of intermediate and light commercial trucks (I&LCV) - the Ultra Sleek T-Series with price starting from Rs 13.99 lakh (ex-showroom Delhi), is also seeking to cash in on the return of demand and enhance its market share in the segment. "One can now say that the economic recovery is well and truly in place and we see the last quarter GDP growth has been positive. The same thing is expected this year. Next year also both the government and RBI have given projections that the GDP should grow in double digits," Tata Motors President Commercial Vehicle Business Unit, Girish Wagh told reporters in a virtual conference. He further said, the commercial vehicles (CV) industry is very closely linked to ..

Tata Motors sees CV industry growth at over 30% next fiscal
Updated On : 11 Mar 2021 | 1:55 PM IST

CV makers post strong sales in Feb on as mfg and infra activities pick up

MHCV segment has been improving on strong tipper & ICV pick-up; buses continues to be in red

CV makers post strong sales in Feb on as mfg and infra activities pick up
Updated On : 02 Mar 2021 | 3:01 PM IST

Commercial vehicle recovery may gather speed in FY22, say analysts

Besides Ashok Leyland, a slew of auto component makers will likely gain from volume growth

Commercial vehicle recovery may gather speed in FY22, say analysts
Updated On : 24 Jan 2021 | 8:09 PM IST

Bridgestone India launches new drive axle tyre for commercial vehicles

Tyre maker Bridgestone India on Friday launched a new tyre, V-Steel Mix M721, for commercial vehicles to establish a strong presence in the drive axle tyre category

Bridgestone India launches new drive axle tyre for commercial vehicles
Updated On : 19 Jan 2021 | 12:35 PM IST

Mahindra & Mahindra hikes prices of personal, commercial vehicles by 1.9%

Mahindra & Mahindra (M&M) on Friday announced hike in prices of its range of personal and commercial vehicles by around 1.9 per cent with immediate effect. Mahindra & Mahindra (M&M), part of the USD 19.4 billion Mahindra Group, will raise the prices of range of personal and commercial vehicles by Rs 4,500 - Rs 40,000, depending on the model and variant, the Mumbai-based automaker said in a regulatory filing. M&M said in the case of new Thar, the current price increase will be effective for all bookings done between December 1, 2020 and January 7, 2021. All fresh bookings for the new Thar, effective January 8, 2021, will have prices as applicable on the date of delivery, the company added. Veejay Nakra, CEO Automotive Division, M&M said the price increase was necessitated due to unprecedented increase in commodity prices and various other input costs over the past many months. "We have made all efforts to reduce our costs and deferred price increase for a ...

Mahindra & Mahindra hikes prices of personal, commercial vehicles by 1.9%
Updated On : 09 Jan 2021 | 1:33 AM IST

Commercial vehicle sales may take longer to recover than expected: Ind-Ra

Commercial vehicle sales in India could take longer to recover than expected despite improving macro-economic indicators, according to India Ratings and Research (Ind-Ra)

Commercial vehicle sales may take longer to recover than expected: Ind-Ra
Updated On : 28 Dec 2020 | 12:42 PM IST

Maruti Suzuki's Super Carry records cumulative sales of over 70k units

Automobile major Maruti Suzuki's commercial vehicle Super Carry has reached a cumulative sales of more than 70,000 units in the last four years.

Maruti Suzuki's Super Carry records cumulative sales of over 70k units
Updated On : 25 Dec 2020 | 8:43 PM IST

Tata Motors to increase commercial vehicle prices from January 2021

Tata Motors on Monday said its commercial vehicle prices will be revised upward from January next year.

Tata Motors to increase commercial vehicle prices from January 2021
Updated On : 21 Dec 2020 | 11:50 PM IST

PV retail sales rise 4.17% in November, two-wheeler sales decline 21.4%

New launches, specially compact SUV's, continued to show good demand in the PV segment

PV retail sales rise 4.17% in November, two-wheeler sales decline 21.4%
Updated On : 08 Dec 2020 | 11:15 PM IST

EV battery maker Romeo Systems to go public through $1.33 bn merger deal

Romeo will use the proceeds for capacity expansion and research & development to further develop battery system technologies for commercial vehicles

EV battery maker Romeo Systems to go public through $1.33 bn merger deal
Updated On : 05 Oct 2020 | 9:01 PM IST

Auto companies see sales revival in Aug over increase in passenger vehicles

The top two carmakers in India, Maruti Suzuki and Hyundai, led the recovery in the auto market in August with 20.2 per cent and 19.9 per cent increase in their respective domestic wholesales of passenger vehicles during the month. Mahindra & Mahindra (M&M) also saw its domestic passenger vehicle sales grow by 1 per cent last month, while Toyota Kirloskar Motor witnessed a decline in its passenger vehicle sales, although there was improvement over the preceding months since the gradual reopening of the economy. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales increased by 20.2 per cent to 1,16,704 units last month, as against 97,061 units in August 2019. The company's total sales grew by 17.1 per cent, an increase at 1,24,624 units in August as compared to 1,06,413 units in August last year. MSI's sales of mini cars comprising Alto and S-Presso stood at 19,709 units as compared to 10,123 units in the same month last year, up 94.7 per cent. Sales .

Auto companies see sales revival in Aug over increase in passenger vehicles
Updated On : 01 Sep 2020 | 8:23 PM IST

Mahindra ties up with Israel's REE Automotive to develop commercial EVs

The tie-up will leverage REE's electric vehicle corner module and platform technology of integrating powertrain, suspension and steering components in the arch of a vehicle wheel

Mahindra ties up with Israel's REE Automotive to develop commercial EVs
Updated On : 26 Aug 2020 | 8:55 PM IST