Commercial Vehicles

India's CV industry wholesale volumes to grow at 3-5% in FY26: Icra

Capital expenditure in the CV industry is also expected to rise significantly to Rs 58-60 billion in FY25 and FY26, up from Rs 34 billion in FY24

Domestic commercial vehicle wholesale volumes to grow 3-5% in FY26: ICRA

Domestic commercial vehicle industry's wholesale volumes are expected to grow 3-5 per cent year-on-year in FY26, rating firm Icra said on Monday. This follows a flat volume movement estimated in FY25, marred by the demand slowdown in the first half of the fiscal due to the general elections, it said in a statement. "Resumption of construction and infrastructure activities, steady rural demand along with higher replacement sales stemming out of ageing fleets and government mandates are the likely driving factors to propel the said volume expansion towards the end of FY2025 and through FY2026," Icra Senior Vice President & Co-Group Head Kinjal Shah said. The sustained push in infrastructure development, a steady increase in mining activities and the improvement in roads/highway connectivity are expected to support volumes going forward, she added. The replacement demand would also remain healthy, primarily due to the ageing fleet, estimated at 10 years for the medium and heavy ...

Ashok Leyland's Q3 margin surprises Street; analyst mixed on future growth

Ashok Leyland's Ebitda margin expanded 80 basis points (bps) to 12.8 per cent in Q3FY25, up from 12 per cent in Q3FY24, surpassing Street estimates

VECV opens new manufacturing unit in Bhopal, begins Eicher Pro X deliveries

Vehicles rolling off the all-women final assembly line at this brand-new facility were delivered to leading players in the rapidly transforming Indian logistics industry

Domestic demand to improve in CV wheel segment in Q4: Wheels India

Steel wheels manufacturer Wheels India expects the domestic demand to improve in the commercial vehicle wheel segment during the current January-March 2025 quarter, a top official said. The city-headquartered company also hopes to grow its exports in the coming year through new product programmes, Managing Director Srivats Ram said on Tuesday. Wheels India declared its financial results for the October-December 2024 quarter with net profits of Rs 22.57 crore, as compared to Rs 12.58 crore in the corresponding quarter of the last financial year. The net profits for the nine months ending December 31, 2024, surged to Rs 69.86 crore, from Rs 31.04 crore registered a year ago. "In terms of strong growth in Q3, we continued to benefit from lower raw material prices, favourable product mix and productivity and cost improvements," Ram said regarding financial performance. Revenues during the quarter under review stood at Rs 1,058 crore, as against Rs 1,131 crore registered in the same per

Tata Motors to continue spending Rs 2,000 cr per yr on new CVs, equipments

Tata Motors will continue to invest around Rs 2,000 crore annually on the development of new commercial vehicles and capital equipment as the company works on a gamut of technologies to drive towards sustainable mobility, according to its Executive Director Girish Wagh. The company's commercial vehicle (CV) division is working on a variety of technologies ranging from alternate fuel to zero emission battery electric, fuel cell electric and hydrogen ICE. "We are working on all the technologies, whether it is alternate fuel and even in zero emission, we are working on battery electric. We are working on fuel cell electric. We are also working on H2 ICE (hydrogen internal combustion engine)," Wagh told PTI on the sidelines of the Auto Expo, held as part of the Bharat Mobility Global Expo 2025 here. At the expo, the company displayed a range of CVs based on various fuel technologies -- from diesel, biodiesel, CNG, LNG, ethanol, flex fuel, battery electric to H2 ICE. Asked how much ...

Euler Motors secures $20 mn in debt funding from responsAbility Investments

Commercial electric vehicle maker Euler Motors on Wednesday said it has secured up to USD 20 million in debt from responsAbility Investments AG to ramp up production and distribution networks as well enhance research and development capabilities. The fresh capital infusion comes close on the heels of the company closing its Series C funding round, raising an additional Rs 200 crore from investors including British International Investment, Blume Ventures, and Piramal Alternatives India Access Fund, Euler Motors said in a statement. The USD 20 million in debt funding from responsAbility Investments will help accelerate Euler Motors' mission to electrify India's commercial vehicle segment, supporting the growth of the recently-launched four-wheeler Storm EV for logistics and e-commerce clients, it said. "This new funding will boost us to scale further, expand our reach, and continue delivering sustainable, high-performance solutions that meet India's unique logistics needs," said ...

Continental Tires launch ContiSeal tyres with anti-puncture technology

The tyre has self-sealing technology that automatically seals 85 per cent of tread punctures caused by objects up to 5 mm in diameter, such as nails or screws

Tata Motors to hike commercial vehicle prices by up to 2% from January 2025

The company aims to offset these increased costs through the price adjustment. While the exact price increase will vary based on the specific model and variant

Tata Motors to raise commercial vehicle prices by up to 2% from January

Already passenger vehicle makers, including Maruti Suzuki, Hyundai Motor India and Tata Motors, along with luxury carmaker Mercedes-Benz, BMW and Audi have announced that they would increase the price

Wedding season sparks 2-wheeler boom but passenger vehicles hit the brakes

As passenger vehicle retail sales slowed in November, companies are anticipated to maintain high discount levels to attract buyers

Life in Mizoram partially affected by 12-hr commercial vehicles' strike

Normal life was partly affected in Mizoram on Wednesday as commercial vehicles, including private buses and maxi-cabs, stayed off the roads because of their 12-hour strike, demanding a reduction in fuel prices. Ten organisations of vehicle owners and drivers called the strike from 6 am to 6 pm under the banner of the Mizoram Commercial Vehicle Union (MCVU), demanding a reduction in the prices of petrol and diesel, which were hiked on September 1 in the state. Normal life was partly affected in state capital Aizawl and some other towns as people faced inconvenience with buses and maxi-cabs staying off the road. However, state-run buses operated as usual, an official said, adding that services of two-wheeler taxis were also normal. No untoward incident was reported during the strike, he said. The state government hiked VAT on petrol from 5.23 per cent to 10 per cent and on diesel from 16.36 per cent to 18 per cent with effect from September 1. Besides, the government also imposed a

1.1 mn old medium, heavy CVs offer good potential for scrappage: ICRA

Around 1.1 million medium and heavy commercial vehicles (M&HCVs), older than 15 years as of March 31 this year, offer a significant potential for scrappage, ratings agency ICRA said on Tuesday. While the actual scrappage could possibly be lower given the nature of usage of such vehicles, even if a proportion of these vehicles gets scrapped, it can support vehicle sales to some extent by spurring replacement demand, it said. The Voluntary Vehicle Fleet Modernisation Programme or the Scrappage Policy, announced in March 2021, is being implemented in phases, with effect from April 1 last year. While the first phase of the policy proposed to mandatorily scrap government vehicles older than 15 years, the second phase, which started on June 1 this year, mandates scrapping on the basis of fitness of the vehicle rather than age, and as such, is more voluntary in nature. ICRA also projects an additional around 5.7 lakh vehicles to cross the 15-year age threshold by March 2027, along with ..

Ashok Leyland, travel tech firm FlixBus sign deal for inter-city mobility

Agreement will empower local bus operators through technology, say the two companies

Pre-BS era vehicles, mainly CVs should be scrapped: Road transport secy

Ministry of Road Transport & Highways Secretary Anurag Jain on Thursday pitched for scrapping of pre-BS era vehicles, especially commercial heavy vehicles, citing pollution and safety issues. Bharat Stage (BS) norms were introduced in the country in 2000. "If look at pre-BS vehicles, these do so much of pollution. The vehicles which are from before 2000 do pollution 15 times (more). Do you think such vehicles should run when there is so much of problems happening in our country due to pollution," Jain said. In case of such vehicles, he said, the fuel and maintenance costs also go up adding that there has been so much change in the safety features of vehicles in the last 15 years. "There is huge sense to actually scrap your own old vehicle. We are working from a lot of days to incentivise scrapping...If you scrap an old vehicle, you will bring safety, you will save on your fuel," he stressed. "So there is a need to think about such vehicles. This I am talking about commercial heavy

Low discount may not drive polluting old vehicles towards scrapping shops

Automobile sector experts argue that consumers may find more value in continuing to drive their existing vehicles or selling them to third parties

VE Commercial Vehicles signs pact with Baidyanath LNG for 500 LNG trucks

Volvo Eicher Commercial Vehicles (VECV) on Tuesday said it has signed an initial pact with Baidyanath LNG Private for the deployment of 500 LNG trucks, a move which would help in developing green trucking routes and scaling up the LNG Corridor in India. As part of this joint collaboration, Union Minister for Road Transport and Highways Nitin Gadkari flagged off Eicher Pro 6055 LNG trucks at the Baidyanath LNG Private Limited's newly-inaugurated facility in Nagpur, VE Commercial Vehicles said in a statement. The facility inaugurated by Gadkari on Monday, is the third LNG facility by LNG Baidyanath in the city. in 2021, the 104-year-old Ayurveda brand Baidyanath launched the country's first private Liquified natural gas (LNG) station in Nagpur. Under terms of the initial pact, which will be further detailed in definitive agreements, the creation of the LNG fleet will facilitate the development of the LNG station network across various strategic locations in Central India, VE Commerci

Over 5 mn vehicles used Atal Setu since its opening on Jan 13: MMRDA

More than 50 lakh vehicles travelled on Atal Setu, the country's longest sea bridge, since it was opened for traffic on January 13 this year, the Mumbai Metropolitan Region Development Authority said on Monday. In a release, the MMRDA said 50,04,350 vehicles, including BEST, NMMT and MSRTC's Shivneri buses, have travelled between January 13 and August 26 on the sea bridge linking Sewri in Mumbai and Nhava Sheva in Navi Mumbai, which suggests a daily average of 22,000 vehicles (over 227 days). "The vehicles comprise 47.40 lakh cars, 50,020 mini buses and light motor vehicles, 59,799 double-axle vehicles, 73,074 three-axle vehicles, 80,277 four-six axle vehicles and 503 oversized vehicles," a spokesperson said. The sea bridge was inaugurated by Prime Minister Narendra Modi on January 12, while it was thrown open to the public the next day. "The extraordinary usage highlights the bridge's role in easing congestion and reducing travel time between south Mumbai and key destinations such

M&HCV sales likely to surpass pre-Covid-19 peak of 419,000 units in FY25

Sanjeev Kumar, president - MHCV, Ashok Leyland, said that the first quarter sales growth is currently around 8 per cent, driven by demand for buses

Tata Motors advances demerger scheme, unveils new corporate structure

Completion of the scheme is contingent on obtaining necessary shareholder, creditor, and regulatory approvals, anticipated to take 12-15 months