Lcv

Euler Motors forays into LCV segment; drives in two electric models

Electric vehicle maker Euler Motors on Wednesday forayed into the light commercial vehicle segment with the introduction of two electric four-wheelers developed to cater to multiple customer requirements. The company, which currently sells electric three-wheelers, has introduced two Storm EV trims specifically developed to cater to inter and intra city requirements. In an interaction with PTI, Euler Motors Founder and CEO Saurav Kumar noted that electric volumes currently account for less than one per cent of the overall small commercial vehicles (SCV) sales in the country. He noted that the company would like to grow the overall electric SCV segment and then push for market share similar to the one it has in the electric three-wheeler vertical. "In three-wheelers, we have been able to take 20 per cent market share in the cities where we operate. We would like to take a similar kind of percentage even in the small commercial vehicle vertical," Kumar stated. Euler will first introd

Without incentives, people won't see reason to buy EVs: Dheeraj Hinduja

Hinduja talks about the company's expectations from the new government, as he outlines the strategy in the light commercial vehicles (LCV) category and Switch Mobility funding

Ashok Leyland marks 75 years with e-LCV launch, signs deal with 16 firms

Signs deal with 16 companies, including Amazon and Flipkart, for supply 13,000 vehicles in the new IeV series

Mahindra & Mahindra to increase LCV production capacity as demand rises

As per the SIAM data, M&M's domestic sales of LCVs in this segment reached 198,121 units in 2022-23, indicating that production capacity is almost fully utilized

Maruti launches upgraded Super Carry to boost presence in LCV segment

M&M, Tata Motors dominate LCV segment with about 80% market share between them

Ashok Leyland Q1 profit at Rs 68 cr Q1 on strong volumes vs year-ago loss

The company is planning to invest Rs 750 crore in each of the next two years and is in the final round of talks to raise funds for its EV arm Switch Mobility

Ashok Leyland draws up EV road map, plans to launch first e-LCV in Dec

Company's EV push will be done through UK-based Switch Mobility - a combined entity of Ashok Leyland's electric CV operations and erstwhile Optare of UK

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

Ashok Leyland's LCV gamble pays off with a little help from the pandemic

Its offering Bada Dost has helped in huge market share and volume gains

Ashok Leyland's LCV gamble pays off with a little help from the pandemic

Its offering Bada Dost has helped in huge market share and volume gains

CV wholesales in December outperformed in both, M&HCV and LCV segments

Demand for M&HCV segment is coming close to the pre-Covid level of 2019 but is still far below the 2018 level

Ashok Leyland renames Optare as SwitchMobility, unveils global EV plan

With a new structure, SwitchMobility will be positioned to become Ashok Leyland's global arm, focusing on electric vehicles and green mobility solutions

Ashok Leyland's acyclical businesses help offset domestic M&HCV loss

"We will be extremely tight and vigilant on the capex," said CFO Gopal Mahadevan

We expect an AUM growth of 5-6% in FY21, says STFC's Umesh Revankar

"The festive season has started well for consumer durables and other essential goods/products across the country," says Revankar

Ashok Leyland reports loss of Rs 147 cr in Sept quarter, revenue dips 28%

Revenue from operations during the quarter stood at Rs 2,837 crore, down 28% YoY

Ashok Leyland's output at 75% of pre-Covid levels: COO Anuj Kathuria

In a Q&A, Anuj Kathuria dwells on the segment shift towards intermediate commercial vehicles (ICVs) and tippers

Mid-size SUVs, deluxe commuter bikes outshine peers, shows SIAM data

Among the two wheelers, motorcycles in the 150cc to 200cc segment have been the outliers

Ashok Leyland expands LCV offering in bid be among top-10 global CV players

The CV major has said that LCV will be one of the three major levers to drive company's future growth

Defence, LCV and buses to be key growth levers at Ashok Leyland: Chairman

Dheeraj Hinduja says company's future product plans would revolve around auto buzzword CASE mobility. CASE is an acronym for Connected, Autonomous, Shared & Electric vehicles

Ashok Leyland domestic sales decline 90% at 1,277 units amid Covid-19

No M&HCV buses were sold in May; company resumed operations recently after the government relaxed the lockdown norms