Commercial Vehicle

Tata Motors and Italy-headquartered Iveco on Tuesday announced that the combined enterprise will be the world's fourth-largest commercial vehicle maker with a revenue of Rs 2.28 lakh crore (Euro 21 billion). The Indian auto major acquired an 89.42 per cent stake in Iveco for nearly 3.43 billion euros post the initial settlement of its cash tender offer, even as the buyout continues. The acquisition of Iveco, making it an indirect subsidiary of the Indian auto major, will be Tata Motors' biggest since it bought Jaguar Land Rover from Ford in 2008. Iveco Group employs 33,000 people and operates 16 industrial sites and 22 R&D centres. The settlement follows the completion of the acceptance period of the voluntary tender offer, under which Tata Motors offered EUR 14.4 per share in cash for Iveco's common shares. The acceptance period will reopen for five trading days from November 2 to November 6, 2026, allowing shareholders another opportunity to tender their shares. Settlement of ...

Iveco shareholders approved key resolutions for Tata Motors' €3.91 billion acquisition, lowering the minimum share acceptance threshold from 95% to 80% and easing the path to completion.

AI fleet-safety firm is testing its technology with Indian commercial vehicle makers for factory-level integration as it looks to expand beyond the US market

Rs 2,000-cr initial investment in AMPSTAR; group bets fleet economics, captive demand will drive e-truck adoption

The domestic commercial vehicle industry's wholesale volumes are expected to register moderate growth of 4-6 per cent year-on-year this fiscal, ratings agency ICRA said on Friday. The broadened base effect in the second half of the previous financial year is likely to result in a year-on-year contraction in volumes in H2 FY27, ICRA said. This is despite a strong 30.7 per cent year-on-year growth in wholesale volume in August this year, while retail volumes rose 20.1 per cent year-on-year, ICRA said. While medium and heavy commercial vehicles, and light commercial vehicles are estimated to record growth of 1-3 per cent and 6-8 per cent, respectively, bus volumes are likely to see 3-5 per cent YoY growth during the fiscal, it said. ICRA said CV wholesale volumes grew by 23.4 per cent year-on-year in the first five months (April-August) of FY2027. The growth momentum in domestic CV sales volume was supported by infrastructure execution, mining activity, e-commerce-linked logistics a

Domestic dispatches rise 20-43% across major CV makers; M&HCVs lead growth as industry heads into festive period with stronger demand momentum

Tata Motors Ltd on Tuesday reported a 49 per cent growth in total commercial vehicle sales in August at 44,411 units as compared to 29,863 units in the same month last year. Domestic commercial vehicle sales were up 33 per cent at 36,619 units last month as compared to 27,481 units in August last year, Tata Motors Ltd said in a statement. International business volumes were at 7,792 units in August as against 2,382 units in the year-ago month, registering a 227 per cent growth year-on-year.

SIAM has sought a seven-month extension of the localisation deadline for traction motor and motor controller systems, citing disruptions in rare-earth magnet supplies

The April-July trend points to a broadening of goods-movement demand beyond metros, as experts cite diversification of the rural economy and GST-led consumption as supporting factors

Maharashtra sold the highest number of passenger and commercial vehicles in April-June in the current fiscal, while Uttar Pradesh topped in the two and three-wheeler categories, according to data by industry body SIAM. In April-June, 12.74 lakh units of passenger vehicles were sold in the country with the western zone leading the sales with 3.9 lakh units, Society of Indian Automobile Manufacturers (SIAM) said. Maharashtra recorded the highest passenger vehicle sales with 1,47,440 units in Q1 FY27, followed by Uttar Pradesh (1,35,329 units), Gujarat (98,785 units), Karnataka (98,315 units) and Tamil Nadu (96,327 units). In the commercial vehicles category 2.65 lakh units were sold in the country with the western zone again leading at 91,000 units. Maharashtra topped the list with 36,433 units in the quarter, followed by Tamil Nadu (24,743 units), Karnataka (21,830 units), Gujarat (21,778 units) and Uttar Pradesh (21,161 units). In the two-wheeler segment, 56.29 lakh units were so

Mahindra Truck and Bus on Monday launched its new-generation heavy commercial vehicle BLAZO i-TRK, equipped with an AI-enabled automatic drive mode and a 320 HP engine, with the company claiming it delivers up to 10 per cent better fuel efficiency. Unveiling the heavy vehicle range at an event here, the company boasted that the new truck could potentially generate up to Rs 15 lakh in additional profit per vehicle over five years through fuel savings and improved operational efficiency. The entire BLAZO i-TRK range is powered by Mahindra's 7.2-litre mPOWER engine delivering 320 HP and 1,100 Nm torque. The truck features the company's patented artificial intelligence-enabled iFuelSmart automatic drive mode, which continuously analyses road gradients, payload and driving requirements and automatically selects an optimum driving mode to improve fuel efficiency. Mahindra Truck and Bus president Vinod Sahay said India's freight and logistics sector was entering a new phase where technolo

Commercial vehicle loans recorded PAR 31-90 of 4.1 per cent in June 2026, while auto loans remained the best-performing vehicle finance asset class

MoRTH has proposed a 5-year extension in age limit for battery, hydrogen and natural gas-powered commercial vehicles, along with digital permits, longer authorisations, simpler registration processes

Commercial vehicle maker Ashok Leyland Ltd on Friday reported a 1.5 per cent increase in consolidated net profit at Rs 667.77 crore for the first quarter ended June 30, 2026. The company had posted a consolidated net profit of Rs 657.72 crore in the corresponding period of the previous fiscal, Ashok Leyland Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 13,069.59 crore in the quarter under review as against Rs 11,708.54 crore in the year-ago period, it added. The company's board has approved an investment of up to 25 million pounds (approximately Rs 325 crore) in its UK subsidiary Optare Plc. and another up to Rs 500 crore in equity shares of Hinduja Housing Finance Ltd through secondary purchase of shares. Total expenses in the quarter under review were higher at Rs 12,314.66 crore as compared to Rs 10,920.53 crore in the same period a year ago, the company said. During the quarter, the company said it posted its highest ever commercial vehicles

SML Mahindra's board on Wednesday approved the acquisition of the Mahindra Truck and Bus Division from parent Mahindra & Mahindra.

Penetration of alternate fuels, including CNG/LNG and electric vehicles, in the Indian commercial vehicle industry is expected to touch 40-45 per cent by FY2030, rating agency ICRA said on Monday. In FY2026, the penetration of alternate fuels in the Indian CV industry was at 27 per cent, ICRA said in a statement. The CNG/LNG penetration in the CV industry is expected to increase to 30-35 per cent by 2029-30, while the same for electric vehicles is projected to rise to 10-15 per cent, it added. The rise in EV penetration in the commercial vehicles (CV) industry is led primarily by the bus segment within the M&HCV (medium and heavy commercial vehicle) category, ICRA said. CNG/LNG penetration in CVs has increased steadily to 25 per cent in 2025-26 from 7 per cent in 2020-21, emerging as a viable alternative to conventional petroleum fuels, it noted. On the other hand, the share of diesel as a fuel for the CV industry in India has gradually declined to 67 per cent in 2025-26 from 86 .

Hinduja group flagship firm Ashok Leyland expects the domestic commercial vehicles market to grow in single digit this fiscal as demand continues to be buoyant despite headwinds due to the West Asia war. The diesel price hikes have had an impact on demand initially but have now stabilised, Ashok Leyland President MHCV, Sanjeev Kumar, told PTI here. "First half growth will be better, but when it comes to the second half, because of the base effect, growth percentage is lower. Overall, it should be single-digit growth," he said. Kumar was responding to a query on the growth outlook for the ongoing fiscal for the commercial vehicles industry. In the first two months of the fiscal, there were challenges, and then there was improved market sentiment in June, he added. "Now we are again seeing some challenges. Having said that, overall we are optimistic...," Kumar noted. The overall expectation is that the market continues to be good, he said, adding, "we are hopeful that the second qu

India's automobile industry recorded its strongest-ever first quarter, with record sales across key segments, while SIAM expects festive demand and easier financing to sustain momentum

The implications of West Asia war, specially diesel price hike, will have a short-term impact on domestic commercial vehicle demand, which is expected to grow in single digit this fiscal but India's macro-economic growth will help overcome it in the long term, Tata Motors Ltd MD & CEO Girish Wagh said on Thursday. Terming fuel price hikes and increase in cost of commodities as "cyclical headwinds", he said those will lead to some changes in the quarterly and annual demand but in the long term "India growth story will lead to increase in road freight, and therefore the commercial vehicle demand". "We do have short-term headwinds. The Middle East crisis, the resultant increase in oil prices, and the final resultant but reduced intensity increase in diesel prices -- it is a headwind," Wagh told reporters in an interaction. Noting that commodity cost increase is also a headwind, he said adding "but we believe that these are more cyclical headwinds". Presenting a bullish long term ...

Iveco seen as technology and global expansion platform; EVs and hydrogen remain central to future strategy